Wilmington Savings Fund Society FSB Invests $701,000 in MetLife, Inc. (NYSE:MET)

Wilmington Savings Fund Society FSB bought a new stake in shares of MetLife, Inc. (NYSE:MET) in the 3rd quarter, HoldingsChannel reports. The firm bought 8,498 shares of the financial services provider’s stock, valued at approximately $701,000.

A number of other large investors have also recently added to or reduced their stakes in MET. World Investment Advisors LLC acquired a new position in shares of MetLife in the 3rd quarter valued at $336,000. Sanctuary Advisors LLC boosted its holdings in shares of MetLife by 50.7% in the third quarter. Sanctuary Advisors LLC now owns 136,462 shares of the financial services provider’s stock worth $11,816,000 after buying an additional 45,900 shares during the period. Anchor Investment Management LLC increased its position in shares of MetLife by 12.5% in the third quarter. Anchor Investment Management LLC now owns 6,115 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 681 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of MetLife during the third quarter valued at approximately $792,000. Finally, TD Private Client Wealth LLC lifted its position in shares of MetLife by 5.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 63,587 shares of the financial services provider’s stock valued at $5,245,000 after acquiring an additional 3,314 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors.

MetLife Price Performance

NYSE MET opened at $82.99 on Monday. 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 stock has a market capitalization of $57.46 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The company has a 50 day moving average price of $83.77 and a two-hundred day moving average price of $77.43.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is presently 43.95%.

Wall Street Analyst Weigh In

MET has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays dropped their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, MetLife presently has a consensus rating of “Buy” and an average target price of $88.62.

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.