Natixis Advisors LLC Acquires 13,150 Shares of MetLife, Inc. (NYSE:MET)

Natixis Advisors LLC increased its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,316 shares of the financial services provider's stock after purchasing an additional 13,150 shares during the quarter. Natixis Advisors LLC's holdings in MetLife were worth $21,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of MET. Abacus Planning Group Inc. increased its holdings 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 valued at $1,015,000 after purchasing an additional 127 shares in the last quarter. Financial Management Professionals Inc. increased 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 purchasing an additional 136 shares during the last quarter. Ameliora Wealth Management Ltd. lifted its stake in shares of MetLife by 1.7% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider's stock worth $705,000 after acquiring an additional 139 shares during the period. Greenleaf Trust increased its stake in MetLife by 0.4% in the 3rd quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider's stock valued at $2,589,000 after buying an additional 139 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of MetLife by 1.0% in the 2nd quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider's stock valued at $964,000 after buying an additional 141 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. 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. Jefferies Financial Group increased their price target on MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a report on Friday, September 27th. TD Cowen began coverage on MetLife in a report on Wednesday, October 9th. They set a "buy" rating and a $97.00 target price on the stock. StockNews.com raised MetLife from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Barclays reduced their price objective on MetLife from $91.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $88.46.

MetLife Trading Down 0.6 %

MetLife stock traded down $0.54 during mid-day trading on Tuesday, hitting $82.83. 1,025,936 shares of the company's stock were exchanged, compared to its average volume of 3,313,909. MetLife, Inc. has a fifty-two week low of $61.85 and a fifty-two week high of $86.94. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $57.35 billion, a P/E ratio of 16.81, a PEG ratio of 0.76 and a beta of 1.05. The company's 50 day simple moving average is $81.76 and its 200-day simple moving average is $75.71.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.63%. MetLife's dividend payout ratio (DPR) is presently 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.