Financial Counselors Inc. reduced its holdings in shares of MetLife, Inc. (NYSE:MET) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,613 shares of the financial services provider’s stock after selling 203 shares during the period. Financial Counselors Inc.’s holdings in MetLife were worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in MetLife by 5.2% during the 2nd 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 acquiring an additional 175,311 shares during the period. Prudential Financial Inc. lifted its position in MetLife by 71.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock valued at $201,778,000 after acquiring an additional 1,529,570 shares during the period. Teacher Retirement System of Texas lifted its position in MetLife by 7.2% during the 1st quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock valued at $43,460,000 after acquiring an additional 55,508 shares during the period. KBC Group NV lifted its position in MetLife by 14.3% during the 2nd quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock valued at $69,433,000 after acquiring an additional 157,734 shares during the period. Finally, Boston Partners lifted its position in MetLife by 0.5% during the 2nd quarter. Boston Partners now owns 2,010,623 shares of the financial services provider’s stock valued at $110,464,000 after acquiring an additional 9,845 shares during the period. 74.14% of the stock is owned by institutional investors.

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Shares of MetLife, Inc. (NYSE:MET) opened at 50.54 on Friday. The stock has a 50 day moving average of $47.80 and a 200-day moving average of $47.30. The company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 594.59 and a beta of 1.44. MetLife, Inc. has a 52 week low of $38.17 and a 52 week high of $51.77.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, analysts anticipate that MetLife, Inc. will post $4.77 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s payout ratio is 1,777.98%.

A number of research analysts recently issued reports on MET shares. TheStreet raised shares of MetLife from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Argus lowered their price target on shares of MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $59.00 price target on shares of MetLife in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price target on shares of MetLife in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. MetLife has a consensus rating of “Hold” and a consensus price target of $57.95.

MetLife Profile

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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