MetLife, Inc. (NYSE:MET) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in MetLife, Inc. (NYSE:MET) by 29.8% during the 4th quarter, Holdings Channel reports. The fund owned 67,981 shares of the financial services provider’s stock after selling 28,845 shares during the quarter. Pacer Advisors Inc.’s holdings in MetLife were worth $5,566,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. PFG Investments LLC raised its holdings in shares of MetLife by 8.9% in the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 520 shares in the last quarter. CX Institutional raised its stake in MetLife by 15.9% in the fourth quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock valued at $5,568,000 after buying an additional 9,337 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MetLife during the 3rd quarter worth about $2,960,000. Segall Bryant & Hamill LLC purchased a new position in shares of MetLife in the 3rd quarter valued at about $1,074,000. Finally, Meeder Asset Management Inc. raised its position in shares of MetLife by 48,101.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after acquiring an additional 105,823 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 have commented on MET shares. Wells Fargo & Company dropped their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen increased their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets started coverage on shares of MetLife in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target for the company. Barclays raised their price objective on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Piper Sandler boosted their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.46.

MetLife Stock Performance

Shares of MET stock opened at $86.77 on Thursday. 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 company has a market cap of $60.08 billion, a PE ratio of 17.49, a P/E/G ratio of 0.65 and a beta of 1.07. The company’s fifty day simple moving average is $83.95 and its 200-day simple moving average is $80.30. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio is presently 43.95%.

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.