MetLife, Inc. (MET) Downgraded by Sandler O'Neill to Hold

Ric Dillon increased its stake in Metlife Inc. (NYSE:MET) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider's stock valued at $43,460,000 after acquiring an additional 55,508 shares in the last quarter. Farmers National Bank acquired a new stake in shares of MetLife in the second quarter worth approximately $118,000. Schwab Charles Investment Management Inc. lifted its position in MetLife by 5.2% during the second quarter. PGGM Investments now owns 576,944 shares of the financial services provider's stock valued at $29,972,000 after purchasing an additional 12,978 shares in the last quarter.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 72.1 million shares, VANGUARD GROUP INC with 67 million shares, WELLINGTON MANAGEMENT GROUP LLP with 53.96 million shares, STATE STREET CORP with 46.11 million shares, and DODGE & COX with 39.68 million shares. BlackRock Inc. now owns 68,475,870 shares of the financial services provider's stock valued at $3,616,895,000 after acquiring an additional 66,475,603 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of MetLife by 71.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider's stock valued at $161,000 after purchasing an additional 97 shares in the last quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider's stock valued at $69,433,000 after purchasing an additional 157,734 shares in the last quarter.

In other MetLife news, insider Christopher G. Townsend sold 82,731 shares of the business's stock in a transaction dated Friday, November 3rd. Following the transaction, the insider now owns 49,660 shares in the company, valued at $2,711,436. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher G. Townsend sold 55,712 shares of the business's stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the completion of the sale, the insider now directly owns 25,181 shares of the company's stock, valued at approximately $1,367,076.49. The disclosure for this purchase can be found here. Institutional investors and hedge funds own 75.85% of the company's stock. The Iowa-based Dubuque Bank & Tru Co has invested 0.01% in Metlife Inc (NYSE:MET). The company had a trading volume of 2,550,153 shares, compared to its average volume of 5,786,647. The total amount of shares outstanding is 1.05 billion, giving the company a market capitalization of about 54.30 billion. Diamond Hill Capital Management Inc who had been investing in Metlife Inc. for a number of months, seems to be bullish on the $54.65B market cap company. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. Metlife Inc (NYSE:MET) has risen 13.92% since November 21, 2016 and is uptrending. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.47 billion. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. During the same quarter a year ago, the firm posted $1.28 EPS. During the same quarter in the prior year, the company posted $1.28 earnings per share. equities analysts expect that MetLife, Inc. will post 4.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Monday, November 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, May 4th. (NYSE:MET) from a buy rating to a hold rating in a research report sent to investors on Friday, November 10th, MarketBeat.com reports. Argus reduced their price objective on shares of MetLife from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, August 9th. (The) started coverage on MetLife in a research report on Wednesday, October 18th. Finally, BidaskClub upgraded shares of MetLife from a "sell" rating to a "hold" rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of "Buy" and a consensus target price of $58.40.

TRADEMARK VIOLATION NOTICE: "MetLife, Inc". The legal version of this report can be accessed at https://weekherald.com/2017/11/22/sandler-oneill-lowers-metlife-inc-met-to-hold.html.

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