MetLife, Inc. (NYSE:MET) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP lifted its holdings in shares of MetLife, Inc. (NYSE:MET) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 476,686 shares of the financial services provider’s stock after acquiring an additional 65,811 shares during the quarter. Bridgewater Associates LP owned 0.07% of MetLife worth $39,317,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MET. Great Valley Advisor Group Inc. raised its stake in shares of MetLife by 1.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after buying an additional 123 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in MetLife by 1.0% during the third quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock worth $1,015,000 after buying an additional 127 shares in the last quarter. Avestar Capital LLC grew its position in MetLife by 3.2% in the third quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after buying an additional 133 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of MetLife by 2.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 136 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. boosted its stake in shares of MetLife by 1.7% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider’s stock worth $705,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America cut their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company raised their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. 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, StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research report on Monday. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $88.46.

MetLife Trading Up 0.5 %

NYSE:MET opened at $87.77 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $60.77 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.79 and a beta of 1.05. The stock’s 50 day moving average price is $82.87 and its 200 day moving average price is $76.29. MetLife, Inc. has a 52 week low of $62.81 and a 52 week high of $87.88.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.48%. MetLife’s dividend payout ratio is currently 43.95%.

About MetLife

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.