TD Asset Management Inc Has $65.20 Million Holdings in MetLife, Inc. $MET

TD Asset Management Inc raised its stake in MetLife, Inc. (NYSE:MET) by 19.0% in the third quarter, Holdings Channel.com reports. The firm owned 791,603 shares of the financial services provider’s stock after acquiring an additional 126,610 shares during the period. TD Asset Management Inc’s holdings in MetLife were worth $65,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quaker Wealth Management LLC lifted its stake in shares of MetLife by 198.2% in the second quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after buying an additional 672 shares during the period. Evolution Wealth Management Inc. acquired a new position in MetLife in the 2nd quarter valued at approximately $35,000. Salomon & Ludwin LLC lifted its position in shares of MetLife by 95.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 422 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 206 shares during the period. True Wealth Design LLC grew its holdings in shares of MetLife by 564.1% during the 3rd quarter. True Wealth Design LLC now owns 425 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 361 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in shares of MetLife during the second quarter valued at approximately $37,000. Institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of MetLife from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. UBS Group raised their price objective on shares of MetLife from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Evercore set a $95.00 target price on shares of MetLife in a research note on Tuesday, February 10th. Wells Fargo & Company cut their price target on shares of MetLife from $97.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price objective on MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $94.91.

MetLife Trading Up 0.8%

Shares of MET stock opened at $75.92 on Friday. The company has a market capitalization of $49.50 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.69 and a beta of 0.77. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $87.39. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $78.21 and a 200 day moving average price of $78.90.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The firm had revenue of $52.44 billion for the quarter, compared to analysts’ expectations of $31.43 billion. During the same period in the prior year, the firm earned $2.08 earnings per share. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Research analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 3rd will be given a $0.5675 dividend. The ex-dividend date is Tuesday, February 3rd. This represents a $2.27 annualized dividend and a yield of 3.0%. MetLife’s payout ratio is presently 48.30%.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.