MML Investors Services LLC boosted its position in shares of Metlife Inc (NYSE:MET) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,555 shares of the financial services provider’s stock after acquiring an additional 3,662 shares during the period. MML Investors Services LLC’s holdings in Metlife were worth $3,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MET. Natixis lifted its position in shares of Metlife by 47.5% during the 2nd quarter. Natixis now owns 352,627 shares of the financial services provider’s stock worth $17,515,000 after buying an additional 113,602 shares during the last quarter. Ossiam purchased a new stake in shares of Metlife during the 2nd quarter worth approximately $90,000. Seeyond lifted its position in shares of Metlife by 9.2% during the 2nd quarter. Seeyond now owns 25,004 shares of the financial services provider’s stock worth $1,242,000 after buying an additional 2,100 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Metlife by 6.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 405,790 shares of the financial services provider’s stock worth $20,156,000 after buying an additional 24,034 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in shares of Metlife by 30.3% during the 2nd quarter. Cibc World Markets Corp now owns 165,158 shares of the financial services provider’s stock worth $8,203,000 after buying an additional 38,396 shares during the last quarter. Institutional investors own 75.62% of the company’s stock.

Several brokerages have recently weighed in on MET. Wells Fargo & Co boosted their price objective on shares of Metlife from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Morgan Stanley reduced their price objective on shares of Metlife from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Zacks Investment Research upgraded shares of Metlife from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Friday, August 2nd. ValuEngine downgraded shares of Metlife from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Barclays boosted their price objective on shares of Metlife from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.61.

MET stock traded up $0.93 on Friday, hitting $48.80. The company’s stock had a trading volume of 304,010 shares, compared to its average volume of 6,185,524. The firm has a 50 day moving average of $46.47 and a two-hundred day moving average of $46.76. Metlife Inc has a 1 year low of $37.76 and a 1 year high of $51.16. The stock has a market cap of $44.41 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.11. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.22.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. Metlife had a net margin of 9.28% and a return on equity of 9.75%. The firm had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.43 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. Metlife’s revenue for the quarter was down 22.4% on a year-over-year basis. As a group, equities analysts forecast that Metlife Inc will post 5.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 6th will be given a $0.44 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.76 annualized dividend and a yield of 3.61%. Metlife’s dividend payout ratio (DPR) is 32.65%.

Metlife Company Profile

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

See Also: Balanced Fund

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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