MetLife, Inc. (NYSE:MET) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lessened its holdings in shares of MetLife, Inc. (NYSE:METGet Rating) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,907 shares of the financial services provider’s stock after selling 434 shares during the period. UNIVEST FINANCIAL Corp’s holdings in MetLife were worth $369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Missouri Trust & Investment Co purchased a new stake in MetLife during the fourth quarter worth $26,000. Consolidated Planning Corp acquired a new position in MetLife in the third quarter valued at $27,000. Equitec Proprietary Markets LLC acquired a new position in MetLife in the fourth quarter valued at $29,000. Sandy Cove Advisors LLC acquired a new position in MetLife in the fourth quarter valued at $30,000. Finally, AHL Investment Management Inc. acquired a new stake in MetLife during the fourth quarter worth about $31,000. Institutional investors own 88.85% of the company’s stock.

Shares of MetLife stock opened at $69.08 on Tuesday. The stock has a market cap of $57.00 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18. The business has a fifty day simple moving average of $68.68 and a 200-day simple moving average of $65.88. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.22. MetLife, Inc. has a 12 month low of $55.21 and a 12 month high of $73.18.

MetLife (NYSE:METGet Rating) last issued its earnings results on Wednesday, February 2nd. The financial services provider reported $2.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.75. The business had revenue of $20.21 billion during the quarter, compared to analysts’ expectations of $17.67 billion. MetLife had a return on equity of 11.96% and a net margin of 9.22%. MetLife’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. Analysts expect that MetLife, Inc. will post 7.14 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Barclays upped their price target on MetLife from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 12th. Morgan Stanley increased their target price on MetLife from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Piper Sandler increased their target price on MetLife from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. JPMorgan Chase & Co. increased their target price on MetLife from $69.00 to $75.00 in a research note on Tuesday, April 5th. Finally, UBS Group increased their target price on MetLife from $74.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, January 12th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, MetLife currently has a consensus rating of “Buy” and an average price target of $74.14.

In other MetLife news, EVP Steven J. Goulart sold 56,857 shares of the firm’s stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $70.29, for a total transaction of $3,996,478.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

About MetLife (Get Rating)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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