Metlife Inc (NYSE:MET) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Metlife Inc (NYSE:MET) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,516,809 shares of the financial services provider’s stock after selling 49,971 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Metlife were worth $75,340,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Old Port Advisors increased its stake in Metlife by 4.1% in the second quarter. Old Port Advisors now owns 4,996 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 199 shares during the period. Unison Advisors LLC increased its stake in Metlife by 1.0% in the second quarter. Unison Advisors LLC now owns 21,133 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 200 shares during the period. Citizens Financial Group Inc RI increased its stake in Metlife by 12.7% in the first quarter. Citizens Financial Group Inc RI now owns 1,945 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 219 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Metlife by 2.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 224 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Metlife by 14.0% in the first quarter. Parkside Financial Bank & Trust now owns 1,849 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

A number of research firms have commented on MET. ValuEngine upgraded shares of Metlife from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Morgan Stanley lifted their price objective on shares of Metlife from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. UBS Group lifted their target price on shares of Metlife from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Citigroup set a $42.00 target price on shares of Metlife and gave the company a “sell” rating in a report on Thursday, May 23rd. Finally, Deutsche Bank lifted their target price on shares of Metlife from $46.00 to $47.00 and gave the company a “hold” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.73.

Shares of NYSE:MET traded down $0.82 during midday trading on Wednesday, hitting $49.19. The stock had a trading volume of 3,582,427 shares, compared to its average volume of 3,407,252. The stock has a market cap of $47.53 billion, a P/E ratio of 9.13, a PEG ratio of 1.10 and a beta of 1.10. The company’s 50 day moving average price is $49.76. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.24. Metlife Inc has a 1 year low of $37.76 and a 1 year high of $50.94.

Metlife (NYSE:MET) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The business had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $15.95 billion. Metlife had a net margin of 7.56% and a return on equity of 10.20%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Equities analysts forecast that Metlife Inc will post 5.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 6th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Monday, August 5th. Metlife’s payout ratio is 32.65%.

Metlife Company Profile

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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