iA Global Asset Management Inc. Has $4.13 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

iA Global Asset Management Inc. increased its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,056 shares of the financial services provider's stock after acquiring an additional 9,134 shares during the quarter. iA Global Asset Management Inc.'s holdings in MetLife were worth $4,129,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Great Valley Advisor Group Inc. grew its position in MetLife by 1.3% during the third quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider's stock valued at $781,000 after buying an additional 123 shares during the period. Abacus Planning Group Inc. lifted its position in shares of MetLife by 1.0% during the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider's stock worth $1,015,000 after buying an additional 127 shares during the last quarter. First Commonwealth Financial Corp PA raised its position in MetLife by 0.8% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider's stock valued at $1,375,000 after purchasing an additional 133 shares during the last quarter. Avestar Capital LLC increased its stake in MetLife by 3.2% in the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider's stock valued at $352,000 after buying an additional 133 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in shares of MetLife by 2.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider's stock worth $576,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

MetLife Price Performance

MetLife stock traded down $0.66 on Friday, reaching $85.22. The company's stock had a trading volume of 1,844,105 shares, compared to its average volume of 2,964,726. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market cap of $59.01 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.78 and a beta of 1.06. The business's fifty day moving average price is $83.79 and its 200 day moving average price is $77.06. MetLife, Inc. has a twelve month low of $63.19 and a twelve month high of $89.05.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio is currently 43.95%.

Analyst Upgrades and Downgrades

MET has been the topic of several recent analyst reports. StockNews.com upgraded shares of MetLife from a "hold" rating to a "buy" rating in a report on Monday, November 25th. Wells Fargo & Company lifted their target price on MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Barclays decreased their price objective on MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Morgan Stanley reduced their price target on MetLife from $86.00 to $85.00 and set an "overweight" rating for the company in a report on Monday, August 19th. Finally, Jefferies Financial Group boosted their target price on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Fourteen investment 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 price target 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.