AGF Investments Inc. increased its position in shares of MetLife, Inc. (NYSE:MET) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,213,935 shares of the financial services provider’s stock after purchasing an additional 22,981 shares during the quarter. AGF Investments Inc. owned approximately 0.11% of MetLife worth $66,716,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in 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 worth $195,348,000 after purchasing an additional 175,311 shares during the last quarter. Prudential Financial Inc. boosted its holdings in MetLife by 71.4% during the second quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock worth $201,778,000 after purchasing an additional 1,529,570 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in 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 worth $43,460,000 after purchasing an additional 55,508 shares during the last quarter. KBC Group NV boosted its holdings in MetLife by 14.3% during the second quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock worth $69,433,000 after purchasing an additional 157,734 shares during the last quarter. Finally, Boston Partners boosted its holdings in MetLife by 0.5% during the second quarter. Boston Partners now owns 2,010,623 shares of the financial services provider’s stock worth $110,464,000 after purchasing an additional 9,845 shares during the last quarter. Institutional investors and hedge funds own 74.14% of the company’s stock.

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Shares of MetLife, Inc. (MET) opened at 50.45 on Friday. The company has a market cap of $53.62 billion, a price-to-earnings ratio of 593.53 and a beta of 1.44. MetLife, Inc. has a 52-week low of $38.17 and a 52-week high of $51.77. The stock has a 50 day moving average of $47.80 and a 200 day moving average of $47.30.

MetLife (NYSE:MET) last posted its quarterly earnings data 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 net margin of 0.30% and a return on equity of 8.51%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. On average, equities research analysts expect that MetLife, Inc. will post $4.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 3rd. MetLife’s payout ratio is 1,777.98%.

Several research firms recently weighed in on MET. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Langen Mcalenn restated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 price target on shares of MetLife in a report on Thursday, August 3rd. J P Morgan Chase & Co began coverage on shares of MetLife in a report on Monday, July 24th. They set a “hold” rating and a $78.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $62.00 price target on shares of MetLife in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. MetLife presently has a consensus rating of “Hold” and a consensus target price of $57.95.

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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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