American Financial Group Inc. maintained its position in shares of MetLife Inc. (NYSE:MET) during the third quarter, Holdings Channel reports. The fund owned 175,000 shares of the company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in MetLife were worth $7,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of MetLife by 2.0% in the second quarter. Vanguard Group Inc. now owns 59,800,082 shares of the company’s stock worth $2,381,837,000 after buying an additional 1,191,274 shares during the last quarter. Dodge & Cox increased its position in shares of MetLife by 26.4% in the second quarter. Dodge & Cox now owns 39,133,326 shares of the company’s stock worth $1,558,680,000 after buying an additional 8,185,247 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of MetLife by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 38,433,688 shares of the company’s stock worth $1,530,815,000 after buying an additional 3,530,969 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of MetLife by 6.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 28,238,925 shares of the company’s stock worth $1,124,756,000 after buying an additional 1,684,097 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of MetLife by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 27,859,234 shares of the company’s stock worth $1,109,633,000 after buying an additional 544,848 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

Shares of MetLife Inc. (NYSE:MET) traded up 1.31% during midday trading on Wednesday, reaching $54.90. The company had a trading volume of 3,139,679 shares. The firm has a market cap of $60.34 billion, a P/E ratio of 16.87 and a beta of 1.66. The company’s 50-day moving average is $49.69 and its 200-day moving average is $44.47. MetLife Inc. has a 52-week low of $35.00 and a 52-week high of $55.49.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.04. MetLife had a return on equity of 6.99% and a net margin of 5.58%. The firm earned $17.70 billion during the quarter, compared to analysts’ expectations of $17.03 billion. During the same period last year, the firm posted $0.62 EPS. The business’s revenue was down 99.9% on a year-over-year basis. Equities research analysts expect that MetLife Inc. will post $4.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Monday, November 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.95%. MetLife’s dividend payout ratio is 49.23%.

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MET has been the subject of several recent analyst reports. Wells Fargo & Co. reissued an “outperform” rating on shares of MetLife in a research note on Friday, September 23rd. TheStreet cut MetLife from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Argus reissued a “buy” rating and issued a $54.00 price target on shares of MetLife in a research note on Wednesday, September 7th. FBR & Co increased their price target on MetLife from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Finally, Zacks Investment Research cut MetLife from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. MetLife has a consensus rating of “Buy” and an average price target of $51.35.

In related news, EVP Frans Hijkoop sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $51.48, for a total transaction of $2,895,750.00. Following the completion of the sale, the executive vice president now directly owns 111,813 shares of the company’s stock, valued at approximately $5,756,133.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria R. Morris sold 2,200 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $47.33, for a total value of $104,126.00. Following the sale, the executive vice president now directly owns 109,809 shares of the company’s stock, valued at $5,197,259.97. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

MetLife Company Profile

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).

5 Day Chart for NYSE:MET

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