B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its stake in shares of MetLife, Inc. (NYSE:MET) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,273 shares of the financial services provider’s stock at the close of the 2nd quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in MetLife were worth $1,718,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Waldron LP grew its position in MetLife by 5.1% during the first quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock worth $342,000 after buying an additional 315 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in MetLife during the first quarter worth about $149,000. Verity & Verity LLC grew its position in MetLife by 30.7% during the first quarter. Verity & Verity LLC now owns 30,680 shares of the financial services provider’s stock worth $1,621,000 after buying an additional 7,210 shares in the last quarter. Cumberland Partners Ltd grew its position in MetLife by 35.7% during the first quarter. Cumberland Partners Ltd now owns 292,700 shares of the financial services provider’s stock worth $15,460,000 after buying an additional 77,000 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in MetLife by 42.0% during the first quarter. North Star Investment Management Corp. now owns 13,375 shares of the financial services provider’s stock worth $706,000 after buying an additional 3,955 shares in the last quarter. 74.24% of the stock is currently owned by institutional investors.

MetLife, Inc. (NYSE MET) opened at 47.14 on Monday. MetLife, Inc. has a 1-year low of $38.39 and a 1-year high of $52.07. The stock has a 50 day moving average of $47.89 and a 200-day moving average of $47.25. The company has a market cap of $50.10 billion, a PE ratio of 554.59 and a beta of 1.44.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The company had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that MetLife, Inc. will post $4.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.

A number of research firms recently weighed in on MET. TheStreet downgraded MetLife from a “b-” rating to a “c” rating in a research report on Tuesday, May 16th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. Langen Mcalenn reissued a “buy” rating on shares of MetLife in a research report on Wednesday, August 16th. J P Morgan Chase & Co began coverage on MetLife in a research report on Monday, July 24th. They set a “hold” rating and a $78.00 target price on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $62.00 target price on shares of MetLife in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.95.

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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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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