Shares of MetLife Inc. (NYSE:MET) gapped up prior to trading on Friday . The stock had previously closed at $41.19, but opened at $41.31. MetLife shares last traded at $41.84, with a volume of 4,182,108 shares trading hands.

A number of analysts have weighed in on the stock. TheStreet cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank AG cut shares of MetLife from a “buy” rating to a “hold” rating and dropped their target price for the stock from $47.00 to $44.00 in a report on Wednesday, July 13th. Zacks Investment Research raised shares of MetLife from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Citigroup Inc. dropped their target price on shares of MetLife from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, Evercore ISI assumed coverage on shares of MetLife in a report on Wednesday, July 6th. They set a “buy” rating and a $52.00 target price on the stock. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $52.26.

The firm’s 50-day moving average is $41.53 and its 200-day moving average is $42.41. The firm has a market capitalization of $45.92 billion and a P/E ratio of 10.98.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 3rd. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.35 by $0.52. The company earned $17 billion during the quarter, compared to analysts’ expectations of $17.35 billion. MetLife’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. Equities research analysts expect that MetLife Inc. will post $4.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 8th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.60 annualized dividend and a yield of 3.83%.

In related news, EVP Maria R. Morris sold 4,200 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $45.15, for a total value of $189,630.00. Following the completion of the transaction, the executive vice president now directly owns 108,932 shares of the company’s stock, valued at $4,918,279.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria R. Morris sold 2,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $39.43, for a total value of $78,860.00. Following the completion of the transaction, the executive vice president now directly owns 109,273 shares of the company’s stock, valued at $4,308,634.39. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. I.G. Investment Management LTD. boosted its position in shares of MetLife by 3.2% in the fourth quarter. I.G. Investment Management LTD. now owns 65,432 shares of the company’s stock valued at $3,154,000 after buying an additional 2,010 shares during the period. American International Group Inc. boosted its position in shares of MetLife by 1.3% in the fourth quarter. American International Group Inc. now owns 503,342 shares of the company’s stock valued at $24,266,000 after buying an additional 6,487 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of MetLife by 5.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 563,382 shares of the company’s stock valued at $27,161,000 after buying an additional 27,975 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of MetLife by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,372,368 shares of the company’s stock valued at $210,792,000 after buying an additional 138,007 shares during the period.

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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