Catalyst Capital Advisors LLC Purchases New Holdings in MetLife, Inc. (NYSE:MET)

Catalyst Capital Advisors LLC acquired a new position in shares of MetLife, Inc. (NYSE:MET) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,705 shares of the financial services provider’s stock, valued at approximately $306,000.

Several other large investors also recently bought and sold shares of MET. QRG Capital Management Inc. boosted its stake in shares of MetLife by 19.9% in the third quarter. QRG Capital Management Inc. now owns 57,466 shares of the financial services provider’s stock worth $4,740,000 after acquiring an additional 9,521 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in MetLife by 9.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 259,461 shares of the financial services provider’s stock valued at $21,400,000 after purchasing an additional 22,278 shares in the last quarter. National Pension Service boosted its stake in MetLife by 13.0% during the 3rd quarter. National Pension Service now owns 1,534,390 shares of the financial services provider’s stock worth $126,556,000 after purchasing an additional 176,311 shares during the last quarter. Intact Investment Management Inc. grew its holdings in shares of MetLife by 11.8% during the third quarter. Intact Investment Management Inc. now owns 9,000 shares of the financial services provider’s stock worth $742,000 after buying an additional 950 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of MetLife by 18.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 186,361 shares of the financial services provider’s stock valued at $15,371,000 after buying an additional 29,163 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MET has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company raised their target price on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Bank of America lowered their price target on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, MetLife has a consensus rating of “Moderate Buy” and a consensus target price of $88.46.

MetLife Trading Up 0.2 %

Shares of MET stock opened at $78.15 on Wednesday. MetLife, Inc. has a 1-year low of $58.89 and a 1-year high of $86.94. The firm has a market cap of $54.73 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.05. The company has a 50-day moving average of $80.73 and a two-hundred day moving average of $75.03. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given 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 dividend yield of 2.79%. MetLife’s payout ratio is currently 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.