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M&T Bank Corp Cuts Position in MetLife, Inc. $MET
M&T Bank Corp significantly reduced its stake in MetLife, Inc. by 89.7% in the fourth quarter, selling 645,524 shares and retaining 74,254 shares valued at $5.86 million. Despite this, analyst sentiment remains largely positive with a “Moderate Buy” consensus and an average price target of $93.38. MetLife also outperformed Q4 earnings estimates with an EPS of $2.49 against an expected $2.34 and reported a 27.6% year-over-year revenue increase to $52.44 billion.