People s United Financial Inc. lessened its holdings in shares of MetLife, Inc. (NYSE:MET) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 318,520 shares of the financial services provider’s stock after selling 11,212 shares during the quarter. People s United Financial Inc.’s holdings in MetLife were worth $17,500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services increased its position in MetLife by 11.5% during the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 266 shares in the last quarter. Westside Investment Management Inc. increased its position in MetLife by 583.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 2,300 shares in the last quarter. Parallel Advisors LLC increased its position in MetLife by 50.7% during the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 924 shares in the last quarter. First Mercantile Trust Co. increased its position in MetLife by 3.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 97 shares in the last quarter. Finally, CI Investments Inc. acquired a new stake in MetLife during the 1st quarter worth approximately $158,000. 74.27% of the stock is owned by hedge funds and other institutional investors.

MetLife, Inc. (NYSE:MET) opened at 52.52 on Thursday. The stock has a market capitalization of $55.82 billion, a PE ratio of 617.88 and a beta of 1.47. The stock’s 50 day moving average price is $48.84 and its 200 day moving average price is $47.58. MetLife, Inc. has a 1-year low of $40.30 and a 1-year high of $52.73.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts forecast that MetLife, Inc. will post $4.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s dividend payout ratio is currently 1,777.98%.

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A number of analysts recently issued reports on the stock. Wells Fargo & Company reissued an “outperform” rating and set a $60.00 target price (up previously from $55.00) on shares of MetLife in a research report on Tuesday. They noted that the move was a valuation call. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada reissued a “buy” rating and set a $56.00 target price on shares of MetLife in a research report on Wednesday, September 6th. UBS AG reissued a “neutral” rating and set a $49.00 target price (down previously from $57.00) on shares of MetLife in a research report on Friday, September 1st. Finally, FBR & Co reissued a “buy” rating and set a $53.00 target price on shares of MetLife in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.64.

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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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