Groupama Asset Managment Raises Holdings in MetLife, Inc. (NYSE:MET)

Groupama Asset Managment lifted its stake in MetLife, Inc. (NYSE:MET - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 427,174 shares of the financial services provider's stock after purchasing an additional 36,149 shares during the period. Groupama Asset Managment owned 0.06% of MetLife worth $35,233,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. RFG Advisory LLC lifted its holdings in shares of MetLife by 17.1% during the second quarter. RFG Advisory LLC now owns 7,237 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 1,056 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of MetLife by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,957 shares of the financial services provider's stock worth $418,000 after acquiring an additional 161 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of MetLife by 7.1% during the second quarter. Sequoia Financial Advisors LLC now owns 12,264 shares of the financial services provider's stock valued at $861,000 after purchasing an additional 818 shares during the last quarter. Wedmont Private Capital lifted its position in MetLife by 6.2% during the second quarter. Wedmont Private Capital now owns 9,085 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 530 shares during the period. Finally, WASHINGTON TRUST Co boosted its holdings in MetLife by 80.6% in the second quarter. WASHINGTON TRUST Co now owns 1,120 shares of the financial services provider's stock worth $79,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 94.99% of the company's stock.

MetLife Price Performance

MET traded down $3.10 during midday trading on Monday, hitting $82.12. 2,117,024 shares of the company traded hands, compared to its average volume of 3,295,707. The company has a market capitalization of $56.86 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.78 and a beta of 1.06. The business has a 50 day simple moving average of $83.79 and a two-hundred day simple moving average of $77.06. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 52-week low of $64.17 and a 52-week high of $89.05.

MetLife Announces Dividend

The firm also recently announced 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. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, November 5th. MetLife's payout ratio is 43.95%.

Analyst Upgrades and Downgrades

MET has been the subject of a number of recent research reports. StockNews.com upgraded MetLife from a "hold" rating to a "buy" rating in a research note on Monday, November 25th. 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 report on Thursday, October 31st. Wells Fargo & Company raised their target price 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. TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group increased their price target on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Fourteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, MetLife has an average rating of "Buy" and a consensus price target of $88.62.

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.