National Bank of Canada FI Has $38.08 Million Holdings in MetLife, Inc. (NYSE:MET)

National Bank of Canada FI raised its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 50.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,668 shares of the financial services provider's stock after acquiring an additional 155,590 shares during the quarter. National Bank of Canada FI owned about 0.07% of MetLife worth $38,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. increased its position in MetLife by 22.3% during the third quarter. iA Global Asset Management Inc. now owns 50,056 shares of the financial services provider's stock worth $4,129,000 after buying an additional 9,134 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of MetLife by 199.6% during the 3rd quarter. EP Wealth Advisors LLC now owns 16,465 shares of the financial services provider's stock valued at $1,358,000 after acquiring an additional 10,969 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in MetLife by 6.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 273,245 shares of the financial services provider's stock worth $21,696,000 after purchasing an additional 16,417 shares during the last quarter. Stifel Financial Corp boosted its position in MetLife by 5.0% during the third quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider's stock worth $184,744,000 after purchasing an additional 105,762 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of MetLife by 3.3% in the third quarter. Quantinno Capital Management LP now owns 191,422 shares of the financial services provider's stock valued at $15,789,000 after purchasing an additional 6,144 shares during the period. 89.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MET shares. Jefferies Financial Group raised their target price on shares of MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price target on MetLife from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen boosted their price objective on MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. StockNews.com raised MetLife from a "hold" rating to a "buy" rating in a report on Monday, November 25th. Finally, Piper Sandler increased their price objective on 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.com, MetLife has a consensus rating of "Buy" and an average target price of $88.62.

MetLife Price Performance

NYSE MET traded down $2.95 on Monday, reaching $82.27. The company's stock had a trading volume of 4,884,225 shares, compared to its average volume of 3,308,879. MetLife, Inc. has a 52 week low of $64.17 and a 52 week high of $89.05. 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 firm has a market cap of $56.97 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. The business has a 50-day moving average price of $83.78 and a 200 day moving average price of $77.13.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio (DPR) is 43.95%.

MetLife Company 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.