TD Private Client Wealth LLC Decreases Stock Holdings in MetLife, Inc. (NYSE:MET)

TD Private Client Wealth LLC decreased its holdings in shares of MetLife, Inc. (NYSE:MET) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,132 shares of the financial services provider’s stock after selling 3,455 shares during the quarter. TD Private Client Wealth LLC’s holdings in MetLife were worth $4,924,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new position in MetLife during the fourth quarter valued at $32,000. Sierra Ocean LLC bought a new position in MetLife during the fourth quarter valued at $32,000. Values First Advisors Inc. bought a new position in MetLife during the fourth quarter valued at $36,000. Golden State Wealth Management LLC bought a new position in MetLife during the fourth quarter valued at $44,000. Finally, Atala Financial Inc bought a new position in MetLife during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MET. Wells Fargo & Company boosted their price objective on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Cowen restated a “buy” rating on shares of MetLife in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. BMO Capital Markets began coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.58.

MetLife Stock Performance

MET stock opened at $82.33 on Friday. The firm has a market cap of $56.09 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.65 and a beta of 1.04. The firm has a 50-day simple moving average of $83.48 and a two-hundred day simple moving average of $82.60. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, equities analysts forecast that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Tuesday, February 4th. MetLife’s payout ratio is 36.52%.

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.