MetLife, Inc. (NYSE:MET) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of MetLife, Inc. (NYSE:MET) by 50.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,462 shares of the financial services provider’s stock after acquiring an additional 45,900 shares during the period. Sanctuary Advisors LLC’s holdings in MetLife were worth $11,816,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in shares of 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 worth $79,250,000 after purchasing an additional 1,115,124 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in MetLife during the third quarter worth about $91,771,000. Dimensional Fund Advisors LP grew its position in 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 worth $378,799,000 after buying an additional 988,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings 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 valued at $142,378,000 after buying an additional 762,291 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of MetLife by 256.6% during 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 acquiring an additional 682,333 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Barclays cut their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Piper Sandler increased their price objective 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. Jefferies Financial Group lifted their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company increased their price target on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $88.62.

MetLife Stock Down 0.3 %

MET stock opened at $82.99 on Friday. The company has a 50 day moving average price of $83.77 and a two-hundred day moving average price of $77.33. 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 stock has a market capitalization of $57.46 billion, a P/E ratio of 16.73, a PEG ratio of 0.74 and a beta of 1.06. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Announces Dividend

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