Toronto Dominion Bank Lowers Holdings in MetLife, Inc. (NYSE:MET)

Toronto Dominion Bank trimmed its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,817 shares of the financial services provider's stock after selling 25,337 shares during the quarter. Toronto Dominion Bank's holdings in MetLife were worth $26,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in MetLife by 7,837.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider's stock valued at $79,250,000 after purchasing an additional 1,115,124 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of MetLife during the third quarter valued at approximately $91,771,000. Dimensional Fund Advisors LP grew its stake in shares of MetLife by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider's stock valued at $378,799,000 after buying an additional 988,666 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in MetLife by 79.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider's stock worth $142,378,000 after purchasing an additional 762,291 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in MetLife by 256.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider's stock worth $78,209,000 after buying an additional 682,333 shares during the period. Institutional investors own 89.81% of the company's stock.

MetLife Stock Performance

MetLife stock traded up $2.89 during trading hours on Thursday, hitting $83.22. 6,466,464 shares of the stock traded hands, compared to its average volume of 3,330,530. The firm's 50 day moving average price is $83.75 and its 200-day moving average price is $77.22. 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 stock has a market capitalization of $57.62 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.78 and a beta of 1.06. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05.

MetLife Dividend Announcement

The firm 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 of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.62%. MetLife's dividend payout ratio (DPR) is presently 43.95%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on MetLife from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. StockNews.com raised shares of MetLife from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group boosted their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Fourteen investment analysts have rated the stock with a buy rating, According to 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.