TD Asset Management Inc Sells 1,921 Shares of MetLife, Inc. (NYSE:MET)

TD Asset Management Inc cut its stake in shares of MetLife, Inc. (NYSE:MET) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 380,760 shares of the financial services provider’s stock after selling 1,921 shares during the quarter. TD Asset Management Inc owned 0.05% of MetLife worth $26,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC grew its holdings in shares of MetLife by 73.3% during the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 165 shares during the last quarter. Bank & Trust Co bought a new stake in shares of MetLife during the 2nd quarter valued at approximately $39,000. Rise Advisors LLC boosted its position in MetLife by 114.7% during the 1st quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock worth $41,000 after buying an additional 297 shares during the period. Crewe Advisors LLC boosted its position in MetLife by 602.5% during the 2nd quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock worth $39,000 after buying an additional 482 shares during the period. Finally, Larson Financial Group LLC boosted its position in MetLife by 72.6% during the 2nd quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after buying an additional 239 shares during the period. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley cut their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Citigroup lifted their target price on shares of MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group lifted their target price on shares of MetLife from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America dropped their price target on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.54.

MetLife Stock Down 3.3 %

MetLife stock opened at $74.08 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 12-month low of $57.91 and a 12-month high of $79.34. The firm’s fifty day moving average is $73.32 and its 200 day moving average is $72.08. The company has a market capitalization of $52.68 billion, a PE ratio of 25.46, a PEG ratio of 0.62 and a beta of 1.04.

MetLife (NYSE:MET) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $18.57 billion. During the same quarter in the previous year, the company earned $1.94 EPS. MetLife’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that MetLife, Inc. will post 8.68 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 6th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, August 6th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.94%. MetLife’s payout ratio is presently 74.91%.

MetLife 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.