Arrowstreet Capital Limited Partnership Purchases Shares of 1,398,300 MetLife, Inc. (MET)

Arrowstreet Capital Limited Partnership purchased a new position in shares of MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,398,300 shares of the financial services provider’s stock, valued at approximately $76,823,000. Arrowstreet Capital Limited Partnership owned approximately 0.13% of MetLife at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of MetLife by 71.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock worth $201,778,000 after buying an additional 1,529,570 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of MetLife by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,555,656 shares of the financial services provider’s stock worth $195,348,000 after buying an additional 175,311 shares in the last quarter. KBC Group NV raised its position in shares of MetLife by 14.3% during the 2nd quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock worth $69,433,000 after buying an additional 157,734 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of MetLife by 7.2% during the 1st quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock worth $43,460,000 after buying an additional 55,508 shares in the last quarter. Finally, Boston Partners raised its position in shares of MetLife by 0.5% during the 2nd quarter. Boston Partners now owns 2,010,623 shares of the financial services provider’s stock worth $110,464,000 after buying an additional 9,845 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

MetLife, Inc. (NYSE MET) traded down 0.25% on Tuesday, hitting $52.86. 535,134 shares of the stock traded hands. MetLife, Inc. has a 12-month low of $40.30 and a 12-month high of $53.27. The stock has a market capitalization of $56.18 billion, a P/E ratio of 621.88 and a beta of 1.47. The company’s 50 day moving average price is $49.31 and its 200-day moving average price is $47.73.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business 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%. MetLife’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Analysts predict that MetLife, Inc. will post $4.66 EPS for the current year.

A number of analysts have commented on MET shares. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $51.00 price target on shares of MetLife and gave the stock a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $56.00 price objective on shares of MetLife in a research note on Wednesday, September 6th. UBS AG reaffirmed a “neutral” rating and issued a $49.00 price objective (down previously from $57.00) on shares of MetLife in a research note on Friday, September 1st. Finally, BidaskClub raised shares of MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have a

Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of MetLife by 71.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock worth $201,778,000 after buying an additional 1,529,570 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of MetLife by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,555,656 shares of the financial services provider’s stock worth $195,348,000 after buying an additional 175,311 shares in the last quarter. KBC Group NV raised its position in shares of MetLife by 14.3% during the 2nd quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock worth $69,433,000 after buying an additional 157,734 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of MetLife by 7.2% during the 1st quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock worth $43,460,000 after buying an additional 55,508 shares in the last quarter. Finally, Boston Partners raised its position in shares of MetLife by 0.5% during the 2nd quarter. Boston Partners now owns 2,010,623 shares of the financial services provider’s stock worth $110,464,000 after buying an additional 9,845 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

MetLife, Inc. (NYSE MET) traded down 0.25% on Tuesday, hitting $52.86. 535,134 shares of the stock traded hands. MetLife, Inc. has a 12-month low of $40.30 and a 12-month high of $53.27. The stock has a market capitalization of $56.18 billion, a P/E ratio of 621.88 and a beta of 1.47. The company’s 50 day moving average price is $49.31 and its 200-day moving average price is $47.73.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business 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%. MetLife’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Analysts predict that MetLife, Inc. will post $4.66 EPS for the current year.

A number of analysts have commented on MET shares. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $51.00 price target on shares of MetLife and gave the stock a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $56.00 price objective on shares of MetLife in a research note on Wednesday, September 6th. UBS AG reaffirmed a “neutral” rating and issued a $49.00 price objective (down previously from $57.00) on shares of MetLife in a research note on Friday, September 1st. Finally, BidaskClub raised shares of MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. MetLife presently has a consensus rating of “Hold” and an average price target of $57.45.

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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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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