Banque Cantonale Vaudoise Raises Holdings in MetLife, Inc. (NYSE:MET)

Banque Cantonale Vaudoise lifted its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 426.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,374 shares of the financial services provider's stock after buying an additional 41,615 shares during the quarter. Banque Cantonale Vaudoise's holdings in MetLife were worth $4,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MET. MeadowBrook Investment Advisors LLC grew its position in shares of MetLife by 244.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 186 shares during the period. Wolff Wiese Magana LLC increased its position in MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock worth $29,000 after acquiring an additional 277 shares during the period. Peterson Financial Group Inc. acquired a new stake in MetLife in the 3rd quarter worth about $30,000. Finally, Fortitude Family Office LLC boosted its holdings in MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 266 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

MET has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on MetLife from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. TD Cowen assumed coverage on MetLife in a report on Wednesday, October 9th. They set a "buy" rating and a $97.00 target price on the stock. Jefferies Financial Group boosted their price target on MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Barclays reduced their price objective on shares of MetLife from $91.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, Piper Sandler boosted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $88.46.

MetLife Stock Down 0.0 %

NYSE MET traded down $0.03 on Wednesday, hitting $82.60. 2,482,917 shares of the company were exchanged, compared to its average volume of 3,316,471. MetLife, Inc. has a 12 month low of $62.14 and a 12 month high of $86.94. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The company has a market cap of $57.19 billion, a PE ratio of 16.65, a PEG ratio of 0.76 and a beta of 1.05. The stock has a fifty day moving average of $82.08 and a 200-day moving average of $75.84.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.64%. MetLife's dividend payout ratio is 43.95%.

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.