Traders bought shares of MetLife, Inc. (NYSE:MET) on weakness during trading hours on Thursday. $48.78 million flowed into the stock on the tick-up and $31.53 million flowed out of the stock on the tick-down, for a money net flow of $17.25 million into the stock. Of all equities tracked, MetLife had the 27th highest net in-flow for the day. MetLife traded down ($1.14) for the day and closed at $46.81

Several brokerages have issued reports on MET. Royal Bank Of Canada reissued a “buy” rating and issued a $56.00 target price on shares of MetLife in a research report on Wednesday. UBS AG reaffirmed a “neutral” rating and set a $49.00 price objective (down from $57.00) on shares of MetLife in a research report on Friday, September 1st. FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of MetLife in a research report on Tuesday, August 29th. Credit Suisse Group reaffirmed a “neutral” rating and set a $53.00 price objective (down from $64.00) on shares of MetLife in a research report on Monday, August 28th. Finally, ValuEngine cut MetLife from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. MetLife currently has an average rating of “Hold” and a consensus target price of $57.95.

The company has a 50-day moving average price of $47.93 and a 200-day moving average price of $47.26. The firm has a market cap of $49.75 billion, a P/E ratio of 550.71 and a beta of 1.44.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. MetLife’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. Equities analysts anticipate that MetLife, Inc. will post $4.85 earnings per share for the current 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 is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MET. Waldron LP lifted its position in shares of MetLife by 5.1% in the first quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 315 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of MetLife in the first quarter valued at approximately $149,000. Meyer Handelman Co. lifted its position in shares of MetLife by 2.4% in the first quarter. Meyer Handelman Co. now owns 86,000 shares of the financial services provider’s stock valued at $4,543,000 after acquiring an additional 2,000 shares in the last quarter. Argyle Capital Management Inc. lifted its position in shares of MetLife by 1.0% in the first quarter. Argyle Capital Management Inc. now owns 51,925 shares of the financial services provider’s stock valued at $2,743,000 after acquiring an additional 500 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its position in shares of MetLife by 81.3% in the first quarter. Hennessy Advisors Inc. now owns 102,800 shares of the financial services provider’s stock valued at $5,430,000 after acquiring an additional 46,100 shares in the last quarter. Institutional investors and hedge funds own 74.24% of the company’s stock.

WARNING: “Traders Buy Shares of MetLife, Inc. (MET) on Weakness” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/07/traders-buy-shares-of-metlife-inc-met-on-weakness-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.