RNC Capital Management LLC increased its position in shares of MetLife, Inc. (NYSE:MET) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,056 shares of the financial services provider’s stock after purchasing an additional 16,100 shares during the quarter. MetLife accounts for about 1.8% of RNC Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. RNC Capital Management LLC’s holdings in MetLife were worth $23,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MET. Westside Investment Management Inc. lifted its stake in MetLife by 583.8% during the first 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 during the last quarter. Parallel Advisors LLC lifted its stake in MetLife by 50.7% during the first 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 during the last quarter. First Mercantile Trust Co. lifted its stake in MetLife by 3.4% during the second 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 during the last quarter. Carroll Financial Associates Inc. lifted its stake in MetLife by 5.8% during the second quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 166 shares during the last quarter. Finally, Rational Advisors LLC lifted its stake in MetLife by 14.3% during the first quarter. Rational Advisors LLC now owns 3,325 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

Several equities analysts recently issued reports on the company. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a research note on Saturday, July 1st. Langen Mcalenn restated a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. J P Morgan Chase & Co assumed coverage on MetLife in a research note on Monday, July 24th. They issued a “hold” rating and a $78.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 target price on shares of MetLife in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 target price on shares of MetLife in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $57.38.

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MetLife, Inc. (MET) traded down 0.02% on Friday, reaching $52.72. The company had a trading volume of 3,837,314 shares. The company’s 50 day moving average price is $50.03 and its 200-day moving average price is $47.90. The company has a market capitalization of $56.03 billion, a price-to-earnings ratio of 620.24 and a beta of 1.47. MetLife, Inc. has a 12 month low of $40.30 and a 12 month high of $53.30.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts predict that MetLife, Inc. will post $4.62 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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