Calamos Advisors LLC boosted its position in MetLife, Inc. (NYSE:MET) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 631,536 shares of the financial services provider’s stock after purchasing an additional 4,630 shares during the quarter. Calamos Advisors LLC owned approximately 0.06% of MetLife worth $34,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in MetLife by 3,323.3% in the first quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock worth $3,616,895,000 after purchasing an additional 66,475,603 shares in the last quarter. Vanguard Group Inc. raised its holdings in MetLife by 3.0% in the first quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock worth $3,452,559,000 after purchasing an additional 1,885,246 shares in the last quarter. State Street Corp raised its holdings in MetLife by 1.4% in the first quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock worth $2,589,297,000 after purchasing an additional 680,903 shares in the last quarter. Geode Capital Management LLC raised its holdings in MetLife by 6.9% in the first quarter. Geode Capital Management LLC now owns 10,265,096 shares of the financial services provider’s stock worth $541,427,000 after purchasing an additional 664,918 shares in the last quarter. Finally, Morgan Stanley raised its holdings in MetLife by 5.4% in the first quarter. Morgan Stanley now owns 7,946,397 shares of the financial services provider’s stock worth $419,728,000 after purchasing an additional 404,104 shares in the last quarter. Institutional investors and hedge funds own 74.14% of the company’s stock.

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MET has been the subject of a number of recent research reports. TheStreet upgraded shares of MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 target price on shares of MetLife in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 target price on shares of MetLife in a report on Wednesday, July 12th. Finally, Argus reduced their target price on shares of MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. MetLife has a consensus rating of “Hold” and an average target price of $57.95.

Shares of MetLife, Inc. (NYSE:MET) opened at 49.47 on Wednesday. The stock has a market cap of $52.58 billion, a price-to-earnings ratio of 582.00 and a beta of 1.44. MetLife, Inc. has a 12 month low of $38.17 and a 12 month high of $51.77. The company has a 50-day moving average price of $47.80 and a 200-day moving average price of $47.30.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm’s revenue 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, analysts expect that MetLife, Inc. will post $4.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.23%. The ex-dividend date was Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is 1,777.98%.

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

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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