Stephens Inc. AR increased its stake in MetLife, Inc. (NYSE:MET) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,394 shares of the financial services provider’s stock after buying an additional 8,558 shares during the period. Stephens Inc. AR’s holdings in MetLife were worth $6,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in MetLife by 3,323.3% during the 1st quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock valued at $3,616,895,000 after purchasing an additional 66,475,603 shares during the last quarter. Vanguard Group Inc. boosted its stake in MetLife by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock valued at $3,452,559,000 after purchasing an additional 1,885,246 shares during the last quarter. State Street Corp boosted its stake in MetLife by 1.4% during the 1st quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock valued at $2,589,297,000 after purchasing an additional 680,903 shares during the last quarter. Franklin Resources Inc. boosted its stake in MetLife by 1.6% during the 2nd quarter. Franklin Resources Inc. now owns 25,704,204 shares of the financial services provider’s stock valued at $1,412,189,000 after purchasing an additional 414,032 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in MetLife by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 10,265,096 shares of the financial services provider’s stock valued at $541,427,000 after purchasing an additional 664,918 shares during the last quarter. Institutional investors own 74.27% of the company’s stock.

Several analysts have commented on the company. Citigroup Inc. set a $51.00 target price on MetLife and gave the company a “sell” rating in a research note on Friday, July 7th. Wells Fargo & Company reiterated an “outperform” rating and set a $63.00 target price (up from $61.00) on shares of MetLife in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of MetLife in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $59.00 target price on shares of MetLife in a research note on Thursday, August 3rd. Finally, TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $57.95.

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MetLife, Inc. (NYSE:MET) opened at 50.54 on Monday. MetLife, Inc. has a one year low of $38.17 and a one year 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. The company has a market capitalization of $53.72 billion, a PE ratio of 594.59 and a beta of 1.44.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The company had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Analysts expect that MetLife, Inc. will post $4.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.17%. The ex-dividend date was Thursday, August 3rd. MetLife’s payout ratio 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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