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

TD Asset Management Inc increased its holdings in MetLife, Inc. (NYSE:MET) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 owned about 0.12% of MetLife worth $65,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of MetLife by 13.4% in the second quarter. Allworth Financial LP now owns 10,893 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 1,285 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in MetLife in the third quarter valued at about $6,649,000. Arrowstreet Capital Limited Partnership increased its position in MetLife by 188.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 417,515 shares of the financial services provider’s stock worth $33,577,000 after purchasing an additional 272,619 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of MetLife by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,176,469 shares of the financial services provider’s stock worth $96,905,000 after purchasing an additional 96,523 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of MetLife by 256.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 62,662 shares of the financial services provider’s stock valued at $5,161,000 after buying an additional 45,100 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Price Performance

NYSE MET opened at $75.92 on Friday. MetLife, Inc. has a 1 year low of $65.21 and a 1 year high of $87.39. The company has a fifty day simple moving average of $78.21 and a 200 day simple moving average of $78.90. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.52. The company has a market cap 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 (NYSE:MET) last released its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.15. The firm had revenue of $52.44 billion during the quarter, compared to analyst estimates of $31.43 billion. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. On average, sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

MetLife Company Profile

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.