River Road Asset Management LLC trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,062,785 shares of the financial services provider’s stock after selling 18,986 shares during the period. River Road Asset Management LLC owned approximately 0.10% of MetLife worth $58,389,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Forward Management LLC lifted its holdings in shares of MetLife by 0.4% during the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 41 shares during the last quarter. Peoples Bank OH lifted its holdings in shares of MetLife by 0.5% during the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 50 shares during the last quarter. Atria Investments LLC lifted its holdings in shares of MetLife by 0.4% during the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 72 shares during the last quarter. Apriem Advisors lifted its holdings in shares of MetLife by 0.6% during the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 74 shares during the last quarter. Finally, LVM Capital Management Ltd. MI lifted its holdings in shares of MetLife by 1.4% during the second quarter. LVM Capital Management Ltd. MI now owns 5,395 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 74.24% of the company’s stock.

Several research firms have 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. Zacks Investment Research lowered shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Finally, TheStreet upgraded shares of MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.95.

Shares of MetLife, Inc. (NYSE MET) opened at 48.65 on Thursday. The company has a market cap of $51.71 billion, a P/E ratio of 572.35 and a beta of 1.44. MetLife, Inc. has a 52-week low of $38.17 and a 52-week high of $51.77. The firm has a 50-day moving average of $47.85 and a 200-day moving average of $47.26.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating 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 analysts’ expectations of $17.11 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. MetLife’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that MetLife, Inc. will post $4.78 earnings per share 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 dividend of $0.40 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.29%. MetLife’s payout ratio is 1,777.98%.

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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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