Edgar Lomax Co. VA trimmed its position in MetLife, Inc. (NYSE:MET) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,493 shares of the financial services provider’s stock after selling 4,875 shares during the quarter. Edgar Lomax Co. VA’s holdings in MetLife were worth $9,587,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in shares of MetLife by 71.4% in the second quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock worth $201,778,000 after acquiring an additional 1,529,570 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in MetLife by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,555,656 shares of the financial services provider’s stock valued at $195,348,000 after purchasing an additional 175,311 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in MetLife by 7.2% in the first quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock valued at $43,460,000 after purchasing an additional 55,508 shares during the last quarter. KBC Group NV boosted its holdings in MetLife by 14.3% in the second quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock valued at $69,433,000 after purchasing an additional 157,734 shares during the last quarter. Finally, Boston Partners boosted its holdings in MetLife by 0.5% in the second quarter. Boston Partners now owns 2,010,623 shares of the financial services provider’s stock valued at $110,464,000 after purchasing an additional 9,845 shares during the last quarter. Institutional investors own 74.27% of the company’s stock.

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MetLife, Inc. (MET) opened at 52.40 on Wednesday. MetLife, Inc. has a one year low of $40.14 and a one year high of $52.42. The firm has a 50-day moving average of $48.70 and a 200-day moving average of $47.55. The company has a market cap of $55.69 billion, a PE ratio of 616.47 and a beta of 1.47.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. MetLife’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. On average, analysts predict that MetLife, Inc. will post $4.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 3.05%. MetLife’s dividend payout ratio (DPR) is currently 1,777.98%.

MET has been the subject of a number of recent analyst reports. TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Argus cut their target price on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $59.00 target price on shares of MetLife in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of MetLife in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. MetLife has a consensus rating of “Buy” and an average price target of $57.74.

About MetLife

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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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