Zacks Investment Research Lowers Metlife (MET) to Hold

Bronfman E.L. Rothschild L.P. increased its holdings in shares of Metlife by 0.7% during the 2nd quarter. The Ally Financial Inc holds 45,000 shares with $2.34M value, down from 75,000 last quarter. BlackRock Inc. now owns 69,957,359 shares of the financial services provider's stock valued at $3,843,457,000 after acquiring an additional 1,481,489 shares during the last quarter. Fairfield Bush & CO. increased its holdings in Metlife by 1.7% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 108,215 shares of the company's stock worth $4,808,000 after buying an additional 55,670 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in MetLife by 11.0% in the third quarter. After $1.60 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 1.87% EPS growth. Vanguard Group Inc. raised its position in Metlife by 2.1% in the second quarter. Vanguard Group Inc. now owns 66,723,143 shares of the financial services provider's stock worth $3,665,769,000 after purchasing an additional 1,358,523 shares in the last quarter. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 12, 2017 and is uptrending. Metlife Inc has a one year low of $44.26 and a one year high of $55.91. The company reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.34 by $0.06. The firm has a market cap of $56,290.00, a price-to-earnings ratio of 116.28, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, November 1st. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider's stock worth $325,671,000 after purchasing an additional 1,067,700 shares in the last quarter. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The business had revenue of $12.08 billion for the quarter, compared to analysts' expectations of $17.34 billion. During the same period in the previous year, the company earned $1.23 EPS. Prudential Financial Inc. grew its position in Metlife by 71.4% during the second quarter. Shareholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 2nd.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $9.02 million activity. Metlife's payout ratio is now 347.83%.

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Several equities research analysts recently commented on MET shares. ValuEngine cut shares of Metlife from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 10th. Finally, Deutsche Bank AG raised shares of MetLife from a "hold" rating to a "buy" rating and set a $65.00 target price on the stock in a report on Monday, January 23rd. They noted that the move was a valuation call. They set a hold rating and a $55.00 price target on the stock. TheStreet raised shares of Metlife from a "c+" rating to a "b" rating in a report on Wednesday, October 4th.

Metlife (NYSE:MET) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of "Hold" and a consensus target price of $57.90.

In other news, insider Christopher G. Townsend sold 82,731 shares of the business's stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the sale, the executive vice president now owns 39,914 shares of the company's stock, valued at $2,168,128.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions. The shares were sold at an average price of $54.29, for a total value of $3,024,604.48. Following the completion of the transaction, the insider now owns 25,181 shares of the company's stock, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Has $14.38 Million Holdings in Xilinx, Inc. (NASDAQ:XLNX)
Following the sale, the chief financial officer now owns 28,313 shares in the company, valued at approximately $2,101,673.99. Its down 0.16, from 1.04 in 2017Q2. 232.20 million shares or 1.80% less from 236.47 million shares in 2017Q2 were reported.

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MetLife, Inc., through its subsidiaries, provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six divisions: U.S.; Asia; Latin America; Europe, the Middle East, and Africa; MetLife Holdings; and Brighthouse Financial.

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