Investors Purchase Large Volume of Put Options on MetLife (NYSE:MET)

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MetLife, Inc. (NYSE:METGet Rating) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 10,306 put options on the company. This is an increase of approximately 61% compared to the typical volume of 6,395 put options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MET shares. JPMorgan Chase & Co. decreased their price target on shares of MetLife from $75.00 to $74.00 in a report on Monday, July 11th. Barclays set a $75.00 price target on shares of MetLife in a report on Tuesday, July 19th. Evercore ISI boosted their price objective on shares of MetLife to $81.00 in a research report on Tuesday, August 9th. TheStreet raised shares of MetLife from a “c+” rating to a “b-” rating in a research report on Thursday, September 15th. Finally, Wolfe Research raised shares of MetLife from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $74.00 in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.92.

Insider Activity at MetLife

In other MetLife news, EVP Steven J. Goulart sold 4,060 shares of MetLife stock in a transaction on Friday, August 19th. The shares were sold at an average price of $67.60, for a total transaction of $274,456.00. Following the completion of the sale, the executive vice president now owns 55,299 shares of the company’s stock, valued at approximately $3,738,212.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MetLife

Institutional investors and hedge funds have recently modified their holdings of the company. Equitable Holdings Inc. grew its stake in MetLife by 5.4% in the 4th quarter. Equitable Holdings Inc. now owns 6,560 shares of the financial services provider’s stock valued at $410,000 after buying an additional 336 shares during the last quarter. Eagle Asset Management Inc. grew its stake in MetLife by 1.0% in the 4th quarter. Eagle Asset Management Inc. now owns 35,727 shares of the financial services provider’s stock valued at $2,235,000 after buying an additional 352 shares during the last quarter. Level Four Advisory Services LLC grew its stake in MetLife by 17.6% in the 4th quarter. Level Four Advisory Services LLC now owns 7,235 shares of the financial services provider’s stock valued at $452,000 after buying an additional 1,085 shares during the last quarter. Invesco Ltd. grew its stake in MetLife by 3.6% in the 4th quarter. Invesco Ltd. now owns 5,944,602 shares of the financial services provider’s stock valued at $371,478,000 after buying an additional 208,333 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in MetLife by 6.4% in the 4th quarter. Schroder Investment Management Group now owns 327,316 shares of the financial services provider’s stock valued at $20,454,000 after buying an additional 19,708 shares during the last quarter. 86.53% of the stock is owned by institutional investors.

MetLife Trading Down 1.2 %

Shares of NYSE:MET opened at $65.49 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.13 and a quick ratio of 0.13. The company’s 50-day moving average price is $64.34 and its two-hundred day moving average price is $65.59. The stock has a market capitalization of $53.26 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. MetLife has a one year low of $57.05 and a one year high of $73.18.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 9th were issued a $0.50 dividend. The ex-dividend date was Monday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. MetLife’s payout ratio is 49.75%.

About MetLife

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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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