TD Private Client Wealth LLC Has $5.25 Million Stake in MetLife, Inc. (NYSE:MET)

TD Private Client Wealth LLC grew its holdings in MetLife, Inc. (NYSE:MET) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,587 shares of the financial services provider’s stock after purchasing an additional 3,314 shares during the period. TD Private Client Wealth LLC’s holdings in MetLife were worth $5,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PFG Investments LLC boosted its position in MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 520 shares during the period. M&G Plc purchased a new position in MetLife during the second quarter valued at approximately $2,346,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MetLife in the 3rd quarter worth approximately $2,960,000. Segall Bryant & Hamill LLC acquired a new stake in shares of MetLife during the 3rd quarter valued at $1,074,000. Finally, PGGM Investments grew its holdings in shares of MetLife by 1,803.4% during the 2nd quarter. PGGM Investments now owns 69,796 shares of the financial services provider’s stock valued at $4,899,000 after acquiring an additional 66,129 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MET. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group lifted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley cut their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Finally, Wells Fargo & Company increased their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat, MetLife presently has a consensus rating of “Buy” and an average target price of $88.62.

MetLife Stock Down 0.6 %

MET stock opened at $81.77 on Wednesday. MetLife, Inc. has a twelve month low of $64.17 and a twelve month high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The company has a market cap of $56.62 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. The business’s 50-day simple moving average is $83.78 and its 200 day simple moving average is $77.13.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.67%. MetLife’s payout ratio is 43.95%.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.