MetLife, Inc. (MET) Shares Sold by Barings LLC

Barings LLC lowered its position in shares of MetLife, Inc. (NYSE:MET) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 79,359 shares of the financial services provider’s stock after selling 1,000 shares during the period. Barings LLC’s holdings in MetLife were worth $4,192,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of MetLife by 3,323.3% in the first quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock valued at $3,616,895,000 after buying an additional 66,475,603 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MetLife by 3.0% in the first quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock valued at $3,452,559,000 after buying an additional 1,885,246 shares during the last quarter. State Street Corp boosted its position in shares of MetLife by 1.4% in the first quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock valued at $2,589,297,000 after buying an additional 680,903 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 valued at $541,427,000 after buying an additional 664,918 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of MetLife by 5.4% in the first quarter. Morgan Stanley now owns 7,946,397 shares of the financial services provider’s stock valued at $419,728,000 after buying an additional 404,104 shares during the last quarter. Institutional investors own 74.69% of the company’s stock.

MetLife, Inc. (MET) traded up 0.482% on Tuesday, reaching $55.265. The company’s stock had a trading volume of 825,330 shares. MetLife, Inc. has a 52 week low of $38.87 and a 52 week high of $58.09. The firm’s 50 day moving average price is $54.52 and its 200-day moving average price is $53.06. The company’s market capitalization is $59.46 billion.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.19. The firm had revenue of $16.27 billion during the quarter, compared to the consensus estimate of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. MetLife’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. On average, equities analysts predict that MetLife, Inc. will post $5.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio is currently -258.06%.

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MET has been the subject of several recent research reports. TheStreet cut MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, April 11th. BidaskClub upgraded MetLife from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Citigroup Inc. set a $51.00 price objective on MetLife and gave the company a “sell” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $59.03.

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

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