Krilogy Financial LLC Grows Position in MetLife, Inc. (MET)

Krilogy Financial LLC lifted its position in shares of MetLife, Inc. (NYSE:MET) by 154.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,555 shares of the financial services provider’s stock after purchasing an additional 2,159 shares during the quarter. Krilogy Financial LLC’s holdings in MetLife were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. raised its stake in MetLife by 583.8% during the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC raised its stake in MetLife by 50.7% during the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after buying an additional 924 shares during the last quarter. First Mercantile Trust Co. raised its stake in MetLife by 3.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after buying an additional 97 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in MetLife by 5.8% during the second quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock valued at $165,000 after buying an additional 166 shares during the last quarter. Finally, Rational Advisors LLC raised its stake in MetLife by 14.3% during the first quarter. Rational Advisors LLC now owns 3,325 shares of the financial services provider’s stock valued at $176,000 after buying an additional 415 shares during the last quarter. Institutional investors own 74.25% of the company’s stock.

A number of brokerages have issued reports on MET. FBR & Co cut MetLife from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $53.00 to $52.00 in a research note on Tuesday. ValuEngine cut MetLife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded MetLife from a “strong sell” rating to a “hold” rating in a research note on Monday. TheStreet upgraded MetLife from a “c+” rating to a “b” rating in a research note on Wednesday, October 4th. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.38.

MetLife, Inc. (NYSE MET) traded up 0.44% during mid-day trading on Friday, reaching $52.96. The company’s stock had a trading volume of 883,547 shares. The stock has a 50-day moving average price of $49.82 and a 200-day moving average price of $47.85. MetLife, Inc. has a one year low of $40.30 and a one year high of $53.30. The company has a market capitalization of $56.29 billion, a price-to-earnings ratio of 623.06 and a beta of 1.47.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Equities research analysts forecast that MetLife, Inc. will post $4.62 EPS for the current year.

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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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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