MetLife, Inc. (NYSE:MET) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in MetLife, Inc. (NYSE:MET - Free Report) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 285,514 shares of the financial services provider's stock after acquiring an additional 15,251 shares during the period. Public Employees Retirement System of Ohio's holdings in MetLife were worth $23,549,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MET. Groupama Asset Managment increased its stake in shares of MetLife by 9.2% during the 3rd quarter. Groupama Asset Managment now owns 427,174 shares of the financial services provider's stock worth $35,233,000 after purchasing an additional 36,149 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in MetLife by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 191,851 shares of the financial services provider's stock valued at $15,824,000 after purchasing an additional 7,537 shares during the period. Orion Portfolio Solutions LLC increased its position in MetLife by 0.8% in the third quarter. Orion Portfolio Solutions LLC now owns 31,576 shares of the financial services provider's stock worth $2,604,000 after buying an additional 258 shares during the last quarter. XTX Topco Ltd grew its stake in shares of MetLife by 32.7% during the 3rd quarter. XTX Topco Ltd now owns 53,258 shares of the financial services provider's stock worth $4,393,000 after acquiring an additional 13,110 shares during the period. Finally, Zacks Investment Management increased its holdings in MetLife by 11.2% in the 3rd quarter. Zacks Investment Management now owns 1,829,902 shares of the financial services provider's stock worth $150,930,000 after acquiring an additional 184,317 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

MetLife Stock Performance

MET stock traded down $0.51 during trading on Tuesday, hitting $81.77. 3,914,271 shares of the company traded hands, compared to its average volume of 3,311,599. MetLife, Inc. has a 1 year low of $64.17 and a 1 year high of $89.05. The company has a market cap of $56.62 billion, a PE ratio of 16.48, a P/E/G ratio of 0.78 and a beta of 1.06. The stock's 50-day simple moving average is $83.78 and its 200 day simple moving average is $77.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 2.67%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio is currently 43.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their target price on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Barclays reduced their target price on MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. StockNews.com raised MetLife from a "hold" rating to a "buy" rating in a report on Monday, November 25th. Finally, Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $88.62.

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.