Metlife Inc. (NYSE:MET) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Metlife Inc. (NYSE:MET)  reported that Board Of Directors Of Metlife Inc. has picked up 160,353,035 of common stock as of 2017-05-05.

The acquisition brings the aggregate amount owned by Board Of Directors Of Metlife Inc. to a total of 160,353,035 representing less than 14.9% stake in the company.

For those not familiar with the company, MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. Its Asia segment offers products, including life insurance; accident and health insurance, and retirement and savings products. Latin America offers products, including life insurance, and retirement and savings products. Life insurance includes universal, variable and term life products. EMEA offers products, including life insurance, accident and health insurance, retirement and savings products, and credit insurance. The Brighthouse Financial segment offers products and services, including variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products.

A glance at Metlife Inc. (NYSE:MET)’s key stats reveals a current market capitalization of 57.23 Billion based on 1.08 Billion shares outstanding and a price at last close of $52.57 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-22, Kilts picked up 17,205 at a purchase price of $51.13. This brings their total holding to 59,443 as of the date of the filing.

On the sell side, the most recent transaction saw Morris unload 2,200 shares at a sale price of $54.51. This brings their total holding to 107,872.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Metlife Inc. (NYSE:MET). as things move forward to see if its progress aligns with these transactions.

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