Pacer Advisors Inc. Acquires 54,271 Shares of MetLife, Inc. (NYSE:MET)

Pacer Advisors Inc. raised its holdings in shares of MetLife, Inc. (NYSE:MET - Free Report) by 127.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,826 shares of the financial services provider's stock after acquiring an additional 54,271 shares during the quarter. Pacer Advisors Inc.'s holdings in MetLife were worth $7,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MET. Trustmark National Bank Trust Department acquired a new position in shares of MetLife during the 3rd quarter worth about $225,000. Intech Investment Management LLC boosted its position in MetLife by 12.6% during the third quarter. Intech Investment Management LLC now owns 44,214 shares of the financial services provider's stock valued at $3,647,000 after purchasing an additional 4,945 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew 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 valued at $142,378,000 after purchasing an additional 762,291 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of MetLife by 2.1% during the 3rd quarter. King Luther Capital Management Corp now owns 30,068 shares of the financial services provider's stock worth $2,480,000 after purchasing an additional 629 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of MetLife by 53.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 16,619 shares of the financial services provider's stock worth $1,371,000 after purchasing an additional 5,772 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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. StockNews.com raised shares of MetLife from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. TD Cowen started coverage on shares of MetLife in a research note on Wednesday, October 9th. They issued a "buy" rating and a $97.00 target price for the company. Bank of America lowered their price target on MetLife from $99.00 to $96.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Finally, Piper Sandler raised 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $88.46.

MetLife Stock Performance

Shares of MET traded up $1.40 during midday trading on Friday, reaching $86.59. 3,270,131 shares of the stock were exchanged, compared to its average volume of 3,558,954. The stock's 50 day simple moving average is $82.48 and its 200 day simple moving average is $76.08. The company has a market cap of $59.96 billion, a P/E ratio of 17.46, a PEG ratio of 0.77 and a beta of 1.05. MetLife, Inc. has a twelve month low of $62.81 and a twelve month 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.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.52%. 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.