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Metlife (NYSE:MET) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 18,864,856 shares, a decline of 12.6% from the July 15th total of 21,587,224 shares, Analyst Ratings News reports. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 5,483,476 shares, the short-interest ratio is currently 3.4 days.

A number of research firms have recently commented on MET. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Metlife in a research note on Tuesday, August 5th. They now have a $65.00 price target on the stock, down previously from $67.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Metlife from $65.00 to $64.00 in a research note on Monday, August 4th. Finally, analysts at RBC Capital raised their price target on shares of Metlife from $57.00 to $59.00 in a research note on Thursday, July 31st. They now have a “sector perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Metlife has an average rating of “Buy” and an average price target of $61.71.

Shares of Metlife (NYSE:MET) opened at 53.49 on Tuesday. Metlife has a 1-year low of $45.52 and a 1-year high of $57.57. The stock has a 50-day moving average of $54.3 and a 200-day moving average of $52.55. The company has a market cap of $60.162 billion and a P/E ratio of 13.35.

Metlife (NYSE:MET) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.41 by $0.02. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.54 billion. During the same quarter last year, the company posted $1.44 earnings per share. Metlife’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Metlife will post $5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 6th.

MetLife, Inc (NYSE:MET) is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.

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