First Fiduciary Investment Counsel Inc. boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 302,710 shares of the financial services provider’s stock after acquiring an additional 12,834 shares during the quarter. MetLife makes up approximately 3.2% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 15th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in MetLife were worth $16,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Krilogy Financial LLC raised its position in MetLife by 154.7% during the second quarter. Krilogy Financial LLC now owns 3,555 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 2,159 shares in the last quarter. Sterling Capital Management LLC raised its position in MetLife by 296.1% during the second quarter. Sterling Capital Management LLC now owns 108,438 shares of the financial services provider’s stock valued at $5,958,000 after acquiring an additional 81,064 shares in the last quarter. Linscomb & Williams Inc. raised its position in MetLife by 2.2% during the second quarter. Linscomb & Williams Inc. now owns 63,744 shares of the financial services provider’s stock valued at $3,502,000 after acquiring an additional 1,387 shares in the last quarter. Scotia Capital Inc. raised its position in MetLife by 4.8% during the second quarter. Scotia Capital Inc. now owns 932,008 shares of the financial services provider’s stock valued at $51,199,000 after acquiring an additional 42,919 shares in the last quarter. Finally, Fairfield Bush & CO. raised its position in MetLife by 1.7% during the second quarter. Fairfield Bush & CO. now owns 6,150 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 100 shares in the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MetLife, Inc. (MET) traded up 0.218% during midday trading on Friday, hitting $52.845. 1,161,152 shares of the stock traded hands. MetLife, Inc. has a 12-month low of $40.30 and a 12-month high of $53.30. The company has a market capitalization of $56.17 billion, a PE ratio of 621.706 and a beta of 1.47. The firm’s 50 day moving average price is $49.82 and its 200 day moving average price is $47.85.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm 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 firm posted $0.83 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that MetLife, Inc. will post $4.62 EPS for the current year.

MET has been the topic of several recent research reports. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. BidaskClub upgraded MetLife from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Citigroup Inc. set a $51.00 price target on MetLife and gave the company a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of MetLife in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.38.

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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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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