Wealthsource Partners LLC decreased its stake in shares of MetLife, Inc. (NYSE:MET) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,882 shares of the financial services provider’s stock after selling 892 shares during the quarter. Wealthsource Partners LLC’s holdings in MetLife were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MET. Waldron LP grew its position in shares of MetLife by 5.1% during the 1st quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock worth $342,000 after buying an additional 315 shares during the period. AGF Investments Inc. grew its position in shares of MetLife by 13.6% during the 1st quarter. AGF Investments Inc. now owns 1,190,954 shares of the financial services provider’s stock worth $62,860,000 after buying an additional 143,018 shares during the period. Peoples Bank OH grew its position in shares of MetLife by 0.5% during the 1st quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after buying an additional 50 shares during the period. Argent Trust Co grew its position in shares of MetLife by 45.9% during the 1st quarter. Argent Trust Co now owns 6,999 shares of the financial services provider’s stock worth $370,000 after buying an additional 2,203 shares during the period. Finally, Carret Asset Management LLC grew its position in shares of MetLife by 1.2% during the 1st quarter. Carret Asset Management LLC now owns 107,743 shares of the financial services provider’s stock worth $5,691,000 after buying an additional 1,285 shares during the period. 74.25% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. FBR & Co downgraded shares of MetLife from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $53.00 to $52.00 in a research report on Tuesday, October 10th. ValuEngine downgraded shares of MetLife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of MetLife from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. TheStreet raised shares of MetLife from a “c+” rating to a “b” rating in a research report on Wednesday, October 4th. Finally, Morgan Stanley increased their target price on MetLife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.38.

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Shares of MetLife, Inc. (NYSE MET) traded down 0.02% during trading on Friday, reaching $52.72. The company’s stock had a trading volume of 3,837,314 shares. MetLife, Inc. has a one year low of $40.30 and a one year high of $53.30. The stock’s 50 day moving average is $50.03 and its 200 day moving average is $47.90. The firm has a market cap of $56.03 billion, a P/E ratio of 620.24 and a beta of 1.47.

MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping 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 analysts’ expectations of $17.11 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that MetLife, Inc. will post $4.62 EPS for the current fiscal year.

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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