MetLife, Inc. (NYSE:MET) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in MetLife, Inc. (NYSE:MET - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,273 shares of the financial services provider's stock after selling 12,363 shares during the quarter. Strs Ohio owned about 0.06% of MetLife worth $28,387,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MET. IHT Wealth Management LLC increased its holdings in shares of MetLife by 4.5% in the 4th quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider's stock worth $251,000 after buying an additional 150 shares during the last quarter. Carolinas Wealth Consulting LLC grew its holdings in MetLife by 26.4% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 160 shares during the last quarter. Harbour Investments Inc. grew its holdings in MetLife by 3.2% during the 4th quarter. Harbour Investments Inc. now owns 5,269 shares of the financial services provider's stock valued at $381,000 after purchasing an additional 162 shares during the last quarter. Eley Financial Management Inc grew its holdings in MetLife by 1.0% during the 3rd quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider's stock valued at $1,028,000 after purchasing an additional 168 shares during the last quarter. Finally, Austin Private Wealth LLC grew its holdings in MetLife by 4.1% during the 4th quarter. Austin Private Wealth LLC now owns 4,367 shares of the financial services provider's stock valued at $289,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

MetLife Stock Down 0.7 %

Shares of MET traded down $0.51 during mid-day trading on Tuesday, hitting $68.93. The company's stock had a trading volume of 3,327,204 shares, compared to its average volume of 3,586,053. The company's 50-day moving average is $70.95 and its 200-day moving average is $66.66. MetLife, Inc. has a 52-week low of $48.95 and a 52-week high of $74.68. The firm has a market capitalization of $49.84 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 0.53 and a beta of 1.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:MET - Get Free Report) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.93 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.02). MetLife had a net margin of 2.36% and a return on equity of 19.48%. The firm had revenue of $18.72 billion for the quarter, compared to analysts' expectations of $18.07 billion. On average, equities research analysts forecast that MetLife, Inc. will post 8.71 EPS for the current fiscal year.

Insider Activity at MetLife

In related news, EVP Bill Pappas sold 27,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the completion of the sale, the executive vice president now owns 57,768 shares of the company's stock, valued at $4,174,893.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MetLife news, insider Ramy Tadros sold 4,026 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total transaction of $289,469.40. Following the transaction, the insider now owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bill Pappas sold 27,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the transaction, the executive vice president now owns 57,768 shares in the company, valued at approximately $4,174,893.36. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MET has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of MetLife from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods upped their price target on shares of MetLife from $82.00 to $87.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised shares of MetLife from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $80.00 in a research report on Monday, January 8th. UBS Group lowered their price objective on shares of MetLife from $87.00 to $82.00 and set a "buy" rating for the company in a research report on Monday, February 5th. Finally, Piper Sandler boosted their price objective on shares of MetLife from $74.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $79.23.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.