MetLife Inc. (NYSE:MET) traded up 5.6% during trading on Thursday . The company traded as high as $42.78 and last traded at $42.76, with a volume of 10,045,566 shares changing hands. The stock had previously closed at $40.48.

A number of equities research analysts recently commented on the stock. Deutsche Bank AG lowered shares of MetLife from a “buy” rating to a “hold” rating and lowered their price target for the company from $47.00 to $44.00 in a report on Wednesday. Zacks Investment Research upgraded shares of MetLife from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Citigroup Inc. lowered their price target on shares of MetLife from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Evercore ISI assumed coverage on shares of MetLife in a report on Wednesday, July 6th. They set a “buy” rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $51.00 price target on shares of MetLife in a report on Wednesday, July 6th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $52.26.

The company has a market cap of $46.56 billion and a price-to-earnings ratio of 9.09. The stock’s 50-day moving average is $42.03 and its 200-day moving average is $42.83.

MetLife (NYSE:MET) last released its earnings results on Wednesday, May 4th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.38 by $0.18. The firm earned $16.61 billion during the quarter, compared to analyst estimates of $17.16 billion. During the same period last year, the business posted $1.44 EPS. The company’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts forecast that MetLife Inc. will post $5.40 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Monday, August 8th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.78%.

In other news, EVP Maria R. Morris sold 2,000 shares of MetLife stock in a transaction on Friday, July 1st. The stock was 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 in the company, valued at $4,308,634.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria R. Morris sold 2,200 shares of MetLife stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $45.00, for a total value of $99,000.00. Following the completion of the sale, the executive vice president now owns 109,132 shares of the company’s stock, valued at $4,910,940. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in MET. Vanguard Group Inc. increased its stake in MetLife by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 57,307,439 shares of the company’s stock valued at $2,762,792,000 after buying an additional 661,354 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in MetLife by 57.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,869,510 shares of the company’s stock valued at $331,179,000 after buying an additional 2,504,705 shares during the last quarter. Pzena Investment Management LLC increased its stake in MetLife by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 5,992,271 shares of the company’s stock valued at $288,887,000 after buying an additional 17,564 shares during the last quarter. Wells Fargo & Company MN increased its stake in MetLife by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,969,811 shares of the company’s stock valued at $287,805,000 after buying an additional 494,315 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in MetLife by 2.8% in the fourth quarter. Bank of Montreal Can now owns 3,047,679 shares of the company’s stock valued at $146,929,000 after buying an additional 83,475 shares during 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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