MetLife, Inc. (NYSE:MET) Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in MetLife, Inc. (NYSE:MET - Free Report) by 50.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,462 shares of the financial services provider's stock after purchasing an additional 45,900 shares during the quarter. Sanctuary Advisors LLC's holdings in MetLife were worth $11,816,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. PFG Investments LLC increased its position in shares of MetLife by 8.9% in the third quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider's stock worth $525,000 after acquiring an additional 520 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MetLife in the third quarter valued at about $2,960,000. Segall Bryant & Hamill LLC acquired a new position in MetLife during the 3rd quarter worth approximately $1,074,000. Legal & General Group Plc boosted its holdings in MetLife by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider's stock worth $371,993,000 after acquiring an additional 269,246 shares during the period. Finally, AIA Group Ltd grew its position in MetLife by 101.4% in the third quarter. AIA Group Ltd now owns 13,539 shares of the financial services provider's stock valued at $1,117,000 after acquiring an additional 6,818 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. TD Cowen raised their target price on MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Morgan Stanley reduced their target price on MetLife from $86.00 to $85.00 and set an "overweight" rating for the company in a research note on Monday, August 19th. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $88.62.

MetLife Stock Performance

Shares of MetLife stock traded down $0.23 during trading hours on Friday, reaching $82.99. The company's stock had a trading volume of 4,427,000 shares, compared to its average volume of 3,335,079. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05. The company's 50 day simple moving average is $83.77 and its 200 day simple moving average is $77.33. The stock has a market cap of $57.46 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. 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 dividend payout ratio (DPR) is presently 43.95%.

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.