Shelton Capital Management increased its holdings in shares of MetLife, Inc. (NYSE:MET) by 22.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,257 shares of the financial services provider’s stock after purchasing an additional 18,200 shares during the quarter. Shelton Capital Management’s holdings in MetLife were worth $5,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MET. Waldron LP increased its position in MetLife by 5.1% during the 1st quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 315 shares in the last quarter. Pettyjohn Wood & White Inc. increased its position in MetLife by 1.5% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 6,608 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 100 shares in the last quarter. 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. Commerce Bank increased its position in MetLife by 4.9% during the 1st quarter. Commerce Bank now owns 32,071 shares of the financial services provider’s stock worth $1,694,000 after purchasing an additional 1,512 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.

MET has been the subject of a number of research analyst reports. TheStreet raised shares of MetLife from a “c+” rating to a “b” rating in a research report on Wednesday. Argus lowered their price objective on shares of MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of MetLife in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.45.

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MetLife, Inc. (MET) opened at 53.02 on Friday. The stock has a market capitalization of $56.35 billion, a PE ratio of 623.76 and a beta of 1.47. The stock’s 50 day moving average price is $49.14 and its 200 day moving average price is $47.66. MetLife, Inc. has a 1-year low of $40.30 and a 1-year high of $53.27.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same quarter last year, the firm earned $0.83 EPS. 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 $4.71 earnings per share for the current year.

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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