Janus Henderson Group PLC Acquires 11,000 Shares of MetLife, Inc. (NYSE:MET)

Janus Henderson Group PLC lifted its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,092 shares of the financial services provider's stock after purchasing an additional 11,000 shares during the quarter. Janus Henderson Group PLC's holdings in MetLife were worth $7,430,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hilltop Holdings Inc. acquired a new stake in MetLife in the third quarter worth approximately $223,000. Holocene Advisors LP bought a new stake in shares of MetLife in the 3rd quarter worth $4,355,000. Community Bank N.A. lifted its holdings in shares of MetLife by 205.7% in the third quarter. Community Bank N.A. now owns 8,054 shares of the financial services provider's stock valued at $664,000 after buying an additional 5,419 shares during the period. Benjamin Edwards Inc. boosted its stake in MetLife by 556.9% during the third quarter. Benjamin Edwards Inc. now owns 15,910 shares of the financial services provider's stock valued at $1,313,000 after buying an additional 13,488 shares in the last quarter. Finally, Atom Investors LP acquired a new position in MetLife during the third quarter worth about $358,000. 89.81% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Down 0.6 %

NYSE MET traded down $0.51 during trading on Tuesday, reaching $81.77. The company's stock had a trading volume of 3,914,271 shares, compared to its average volume of 3,311,599. 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 stock has a market capitalization of $56.62 billion, a PE ratio of 16.48, a PEG ratio of 0.78 and a beta of 1.06. MetLife, Inc. has a 1-year low of $64.17 and a 1-year high of $89.05. The business has a 50-day moving average price of $83.78 and a 200-day moving average price of $77.13.

MetLife Dividend Announcement

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 issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio is presently 43.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MET. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Wells Fargo & Company lifted 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. StockNews.com raised MetLife from a "hold" rating to a "buy" rating in a research note on Monday, November 25th. Piper Sandler boosted their target price on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. 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 report on Monday, August 19th. Fourteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.