OLD Second National Bank of Aurora Has $4.50 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

OLD Second National Bank of Aurora lowered its position in MetLife, Inc. (NYSE:MET) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,998 shares of the financial services provider’s stock after selling 2,562 shares during the period. MetLife accounts for approximately 1.0% of OLD Second National Bank of Aurora’s portfolio, making the stock its 25th largest position. OLD Second National Bank of Aurora’s holdings in MetLife were worth $4,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MET. MeadowBrook Investment Advisors LLC lifted its position in shares of MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of MetLife in the 3rd quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of MetLife in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MET shares. Piper Sandler lifted their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. BMO Capital Markets started coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective for the company. Barclays lifted their price objective on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.46.

MetLife Stock Performance

NYSE MET opened at $86.77 on Thursday. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $60.08 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.65 and a beta of 1.07. The company has a fifty day moving average price of $83.95 and a 200-day moving average price of $80.30.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

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.