MetLife Target of Unusually Large Options Trading (NYSE:MET)

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MetLife, Inc. (NYSE:METGet Rating) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 27,411 call options on the stock. This represents an increase of 379% compared to the average volume of 5,724 call options.

Insiders Place Their Bets

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

Institutional Investors Weigh In On MetLife

Large investors have recently made changes to their positions in the company. Scotia Capital Inc. grew its stake in shares of MetLife by 5.8% in the 1st quarter. Scotia Capital Inc. now owns 68,682 shares of the financial services provider’s stock valued at $4,827,000 after buying an additional 3,738 shares in the last quarter. AGF Investments LLC bought a new stake in shares of MetLife in the 1st quarter valued at approximately $824,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of MetLife by 9.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 355,772 shares of the financial services provider’s stock valued at $25,004,000 after buying an additional 30,693 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of MetLife by 4.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 5,151 shares of the financial services provider’s stock valued at $362,000 after buying an additional 232 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its stake in shares of MetLife by 3.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 15,565 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 450 shares in the last quarter. Institutional investors own 86.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays set a $75.00 price objective on MetLife in a report on Tuesday, July 19th. Credit Suisse Group boosted their price objective on MetLife from $68.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. TheStreet downgraded MetLife from a “b” rating to a “c+” rating in a report on Wednesday, August 3rd. Citigroup assumed coverage on MetLife in a report on Monday, May 23rd. They set a “buy” rating and a $77.00 price objective on the stock. Finally, Wolfe Research upgraded MetLife from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $74.00 in a report on Wednesday, June 22nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.92.

MetLife Trading Up 1.0 %

NYSE:MET opened at $66.82 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.13 and a quick ratio of 0.13. MetLife has a fifty-two week low of $57.05 and a fifty-two week high of $73.18. The stock’s 50-day moving average is $63.81 and its two-hundred day moving average is $65.62. The stock has a market cap of $54.34 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Tuesday, August 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.99%. MetLife’s payout ratio is 49.75%.

MetLife Company Profile

(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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