Green Square Capital LLC Invests $552,000 in MetLife, Inc. (NYSE:MET) Stock

Green Square Capital LLC acquired a new stake in MetLife, Inc. (NYSE:MET) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,055 shares of the financial services provider’s stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MET. Westside Investment Management Inc. lifted its stake in shares of MetLife by 583.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,300 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 924 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of MetLife by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 97 shares in the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of MetLife by 5.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 166 shares in the last quarter. Finally, Rational Advisors LLC lifted its stake in shares of MetLife by 14.3% in the 1st quarter. Rational Advisors LLC now owns 3,325 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 415 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of MetLife, Inc. (NYSE:MET) traded up 0.907% during trading on Wednesday, hitting $52.855. The company’s stock had a trading volume of 1,295,958 shares. The company has a market capitalization of $56.18 billion, a P/E ratio of 621.824 and a beta of 1.47. MetLife, Inc. has a 1-year low of $40.30 and a 1-year high of $53.30. The firm’s 50 day moving average is $50.03 and its 200-day moving average is $47.91.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts forecast that MetLife, Inc. will post $4.81 EPS for the current fiscal year.

Several equities analysts have recently weighed in on MET shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of MetLife in a research note on Wednesday, July 12th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $53.00 price objective (down from $64.00) on shares of MetLife in a research note on Monday, August 28th. Morgan Stanley lifted their price objective on MetLife from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Argus reduced their price objective on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $57.62.

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About MetLife

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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