Northwest & Ethical Investments L.P. Decreases Stock Holdings in MetLife, Inc. (NYSE:MET)

Northwest & Ethical Investments L.P. lowered its holdings in MetLife, Inc. (NYSE:MET) by 17.4% during the 3rd quarter, Holdings Channel reports. The firm owned 27,902 shares of the financial services provider’s stock after selling 5,861 shares during the period. Northwest & Ethical Investments L.P.’s holdings in MetLife were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. PFG Investments LLC boosted its holdings in shares of MetLife by 8.9% in the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after buying an additional 520 shares during the last quarter. M&G Plc purchased a new position in MetLife in the second quarter valued at about $2,346,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MetLife during the 3rd quarter valued at approximately $2,960,000. PGGM Investments increased its stake in shares of MetLife by 1,803.4% during the 2nd quarter. PGGM Investments now owns 69,796 shares of the financial services provider’s stock worth $4,899,000 after purchasing an additional 66,129 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of MetLife in the 3rd quarter worth approximately $1,074,000. Institutional investors own 89.81% of the company’s stock.

MetLife Trading Down 0.1 %

Shares of MET opened at $88.20 on Friday. The firm’s 50 day simple moving average is $83.34 and its 200 day simple moving average is $76.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $61.07 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.81 and a beta of 1.05. MetLife, Inc. has a 1-year low of $63.02 and a 1-year high of $89.05.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.47%. MetLife’s payout ratio is 43.95%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MET shares. Piper Sandler raised their target price on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen lifted their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company upped their price target on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MetLife currently has an average rating of “Buy” and a consensus target price of $88.62.

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.