Citizens Business Bank Has $944,000 Holdings in MetLife, Inc. $MET

Citizens Business Bank reduced its holdings in MetLife, Inc. (NYSE:MET) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 11,743 shares of the financial services provider’s stock after selling 200 shares during the quarter. Citizens Business Bank’s holdings in MetLife were worth $944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in MetLife by 9.0% in the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC boosted its position in MetLife by 10.7% in the 1st quarter. GAMMA Investing LLC now owns 10,162 shares of the financial services provider’s stock valued at $816,000 after buying an additional 984 shares during the last quarter. State of Alaska Department of Revenue boosted its position in MetLife by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 67,835 shares of the financial services provider’s stock valued at $5,446,000 after buying an additional 1,515 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in MetLife by 35.0% in the 1st quarter. Johnson Investment Counsel Inc. now owns 14,365 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 3,726 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in MetLife by 13.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 4,288 shares of the financial services provider’s stock valued at $340,000 after buying an additional 506 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MET. UBS Group decreased their price objective on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Piper Sandler lowered MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

MetLife Stock Performance

Shares of MetLife stock opened at $78.55 on Friday. The company has a market capitalization of $52.24 billion, a PE ratio of 13.31, a PEG ratio of 0.70 and a beta of 0.86. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $80.20 and its 200 day simple moving average is $78.11.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). The business had revenue of $17.34 billion for the quarter, compared to analyst estimates of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. On average, research analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be paid a $0.5675 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. MetLife’s dividend payout ratio (DPR) is currently 38.47%.

MetLife 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.