Traders sold shares of MetLife, Inc. (NYSE:MET) on strength during trading on Monday. $28.61 million flowed into the stock on the tick-up and $83.28 million flowed out of the stock on the tick-down, for a money net flow of $54.67 million out of the stock. Of all stocks tracked, MetLife had the 0th highest net out-flow for the day. MetLife traded up $0.97 for the day and closed at $47.80

Several analysts have recently weighed in on MET shares. TheStreet downgraded MetLife from a “b-” rating to a “c” rating in a report on Tuesday, May 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 target price on shares of MetLife in a report on Wednesday, July 12th. Credit Suisse Group reissued a “neutral” rating and issued a $53.00 target price (down from $64.00) on shares of MetLife in a report on Monday, August 28th. Argus reduced their target price on MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Finally, ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $58.38.

The stock has a 50-day moving average of $48.02 and a 200-day moving average of $47.25. The firm has a market cap of $50.28 billion, a P/E ratio of 556.59 and a beta of 1.44.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. On average, equities analysts forecast that MetLife, Inc. will post $4.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.38%. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its holdings in shares of MetLife by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,555,656 shares of the financial services provider’s stock valued at $195,348,000 after buying an additional 175,311 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of MetLife by 7.2% during the first quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock valued at $43,460,000 after buying an additional 55,508 shares during the last quarter. Aberdeen Asset Management PLC UK raised its holdings in shares of MetLife by 1.3% during the first quarter. Aberdeen Asset Management PLC UK now owns 469,645 shares of the financial services provider’s stock valued at $24,807,000 after buying an additional 6,188 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MetLife by 4.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 393,208 shares of the financial services provider’s stock valued at $20,769,000 after buying an additional 15,716 shares during the last quarter. Finally, Brick & Kyle Associates raised its holdings in shares of MetLife by 12.9% during the first quarter. Brick & Kyle Associates now owns 8,299 shares of the financial services provider’s stock valued at $438,000 after buying an additional 950 shares during the last quarter. 74.24% of the stock is currently owned by institutional investors.

WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/06/investors-sell-shares-of-metlife-inc-met-on-strength-met-3.html.

About MetLife

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

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.