UBS AG reaffirmed their neutral rating on shares of MetLife, Inc. (NYSE:MET) in a research report released on Friday, www.flashratings.com reports. They currently have a $49.00 target price on the financial services provider’s stock, down from their previous target price of $57.00.

A number of other research analysts have also recently issued reports on MET. BidaskClub upgraded shares of MetLife from a sell rating to a hold rating in a report on Wednesday, August 9th. TheStreet cut shares of MetLife from a b- rating to a c+ rating in a report on Monday, August 21st. Zacks Investment Research cut shares of MetLife from a hold rating to a sell rating in a report on Wednesday, August 9th. Wells Fargo & Company restated a buy rating on shares of MetLife in a report on Saturday, July 1st. Finally, Langen Mcalenn restated a buy rating on shares of MetLife in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $58.38.

MetLife (NYSE MET) opened at 47.80 on Friday. The company has a market cap of $50.81 billion, a PE ratio of 562.35 and a beta of 1.44. The company has a 50-day moving average of $48.11 and a 200 day moving average of $47.27. MetLife has a 52-week low of $38.19 and a 52-week high of $52.07.

MetLife (NYSE:MET) last issued 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 firm had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Equities research analysts predict that MetLife will post $4.78 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.35%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio is 1,777.98%.

Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position 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 worth $195,348,000 after acquiring an additional 175,311 shares during the period. Teacher Retirement System of Texas raised its position 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 worth $43,460,000 after acquiring an additional 55,508 shares during the period. Aberdeen Asset Management PLC UK raised its position in MetLife by 1.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 469,645 shares of the financial services provider’s stock worth $24,807,000 after acquiring an additional 6,188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MetLife by 4.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 393,208 shares of the financial services provider’s stock worth $20,769,000 after acquiring an additional 15,716 shares during the period. Finally, Brick & Kyle Associates raised its position in MetLife by 12.9% in the first quarter. Brick & Kyle Associates now owns 8,299 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 950 shares during the period. 74.24% of the stock is currently owned by institutional investors and hedge funds.

MetLife Company 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.

Analyst Recommendations for MetLife (NYSE:MET)

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