Hudson Valley Investment Advisors Inc. ADV decreased its position in shares of MetLife, Inc. (NYSE:MET) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,043 shares of the financial services provider’s stock after selling 80 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in MetLife were worth $826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new position in MetLife during the first quarter worth $107,000. First Personal Financial Services boosted its position in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the last quarter. Westside Investment Management Inc. boosted its position in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC boosted its position in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in MetLife during the first quarter worth $149,000. 74.51% of the stock is currently owned by hedge funds and other institutional investors.

MetLife, Inc. (MET) opened at 54.58 on Friday. MetLife, Inc. has a 12-month low of $38.87 and a 12-month high of $58.09. The company has a 50-day moving average price of $53.79 and a 200-day moving average price of $53.02. The stock’s market capitalization is $58.72 billion.

MetLife (NYSE:MET) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.19. The business had revenue of $16.27 billion for the quarter, compared to the consensus estimate of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. Analysts expect that MetLife, Inc. will post $5.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.93%. MetLife’s dividend payout ratio (DPR) is presently -258.06%.

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A number of research firms have recently weighed in on MET. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price objective on shares of MetLife in a research report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Citigroup Inc. set a $51.00 price objective on MetLife and gave the company a “sell” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research cut MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $57.03.

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; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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