MetLife Investment Management LLC Purchases 1,280 Shares of CBIZ, Inc. (NYSE:CBZ)

by · The Cerbat Gem

MetLife Investment Management LLC boosted its position in CBIZ, Inc. (NYSE:CBZ – Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,936 shares of the business services provider’s stock after acquiring an additional 1,280 shares during the period. MetLife Investment Management LLC owned 0.06% of CBIZ worth $2,368,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in shares of CBIZ during the fourth quarter worth $60,000. Venturi Wealth Management LLC purchased a new stake in shares of CBIZ during the fourth quarter worth $110,000. KBC Group NV boosted its holdings in shares of CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after acquiring an additional 468 shares during the period. Finally, Huntington National Bank grew its position in shares of CBIZ by 9.4% in the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 191 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CBZ has been the topic of a number of recent research reports. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Friday.

Get Our Latest Stock Report on CBZ

CBIZ Trading Down 0.3 %

Shares of CBZ stock opened at $66.21 on Monday. The company has a market capitalization of $3.58 billion, a PE ratio of 28.06 and a beta of 0.90. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The business’s fifty day moving average is $75.21 and its 200 day moving average is $78.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ (NYSE:CBZ – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.16. The firm had revenue of $838.01 million for the quarter, compared to analysts’ expectations of $860.25 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. During the same quarter last year, the firm posted $1.54 EPS. On average, equities research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

About CBIZ

(Free Report)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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