Peoples Bank OH Has $291,000 Position in MetLife, Inc. (NYSE:MET)

Peoples Bank OH cut its stake in MetLife, Inc. (NYSE:MET) by 27.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,531 shares of the financial services provider’s stock after selling 1,363 shares during the period. Peoples Bank OH’s holdings in MetLife were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Sunbelt Securities Inc. grew its stake in MetLife by 22.6% during the first quarter. Sunbelt Securities Inc. now owns 2,362 shares of the financial services provider’s stock worth $175,000 after buying an additional 435 shares in the last quarter. Brookstone Capital Management boosted its position in shares of MetLife by 30.5% during the 1st quarter. Brookstone Capital Management now owns 7,539 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 1,762 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of MetLife by 73.3% during the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 165 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in MetLife by 2.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 11,807 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 280 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in MetLife during the first quarter valued at approximately $286,000. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler raised 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. TD Cowen assumed coverage on MetLife in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on MetLife from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group upped their price objective 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. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.46.

MetLife Price Performance

MET stock opened at $84.36 on Friday. The company has a market capitalization of $59.99 billion, a P/E ratio of 28.99, a PEG ratio of 0.69 and a beta of 1.04. The company has a fifty day moving average price of $79.37 and a 200-day moving average price of $74.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a 52-week low of $57.91 and a 52-week high of $86.94.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.15. The business had revenue of $17.82 billion during the quarter, compared to analyst estimates of $18.57 billion. MetLife had a return on equity of 21.41% and a net margin of 4.23%. MetLife’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. As a group, equities analysts expect that MetLife, Inc. will post 8.61 EPS for the current year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is presently 74.91%.

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.