MetLife Inc. (NYSE:MET)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $39.42, but opened at $39.78. MetLife shares last traded at $40.77, with a volume of 4,417,854 shares trading hands.

Several brokerages recently commented on MET. FBR & Co reaffirmed a “buy” rating on shares of MetLife in a research note on Thursday, April 7th. Zacks Investment Research raised shares of MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Bank of America Corp. reaffirmed a “buy” rating on shares of MetLife in a research note on Wednesday, May 18th. Royal Bank Of Canada reduced their price objective on shares of MetLife from $65.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of MetLife from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $52.45.

The company has a 50-day moving average of $42.17 and a 200 day moving average of $42.84. The stock has a market cap of $44.78 billion and a P/E ratio of 8.74.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by $0.18. During the same period in the prior year, the business posted $1.44 earnings per share. The business had revenue of $16.61 billion for the quarter, compared to analyst estimates of $17.16 billion. MetLife’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts anticipate that MetLife Inc. will post $5.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, August 4th.

In other MetLife news, EVP Maria R. Morris sold 2,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $39.43, for a total transaction of $78,860.00. Following the completion of the sale, the executive vice president now directly owns 109,273 shares of the company’s stock, valued at approximately $4,308,634.39. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria R. Morris sold 4,200 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $45.15, for a total transaction of $189,630.00. Following the sale, the executive vice president now directly owns 108,932 shares of the company’s stock, valued at $4,918,279.80. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of MetLife by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 57,307,439 shares of the company’s stock worth $2,762,792,000 after buying an additional 661,354 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of MetLife by 57.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,869,510 shares of the company’s stock worth $331,179,000 after buying an additional 2,504,705 shares during the period. Pzena Investment Management LLC increased its position in MetLife by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 5,992,271 shares of the company’s stock worth $288,887,000 after buying an additional 17,564 shares in the last quarter. Wells Fargo & Company MN increased its position in MetLife by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,969,811 shares of the company’s stock worth $287,805,000 after buying an additional 494,315 shares in the last quarter. Finally, LSV Asset Management increased its position in MetLife by 1.3% in the fourth quarter. LSV Asset Management now owns 4,397,512 shares of the company’s stock worth $212,004,000 after buying an additional 57,464 shares in the last quarter.

MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).

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