Ramsey Asset Management Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Ramsey Asset Management reduced its stake in Metlife Inc by 28.29% during the most recent quarter end. The investment management company now holds a total of 41,160 shares of Metlife Inc which is valued at $1,798,692 after selling 16,240 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Metlife Inc makes up approximately 3.26% of Ramsey Asset Management’s portfolio.

Other Hedge Funds, Including , Wallington Asset Management boosted its stake in MET in the latest quarter, The investment management firm added 517 additional shares and now holds a total of 97,894 shares of Metlife Inc which is valued at $4,277,968. Metlife Inc makes up approx 1.31% of Wallington Asset Management’s portfolio.Graybill Bartz Assoc Ltd reduced its stake in MET by selling 65 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 53,626 shares of MET which is valued at $2,313,962. Metlife Inc makes up approx 2.05% of Graybill Bartz Assoc Ltd’s portfolio. Mutual Of Omaha Bank Wealth Management sold out all of its stake in MET during the most recent quarter. The investment firm sold 16,736 shares of MET which is valued $677,473.Exxonmobil Investment Management Inc Tx boosted its stake in MET in the latest quarter, The investment management firm added 17,378 additional shares and now holds a total of 284,390 shares of Metlife Inc which is valued at $11,148,088. Metlife Inc makes up approx 0.23% of Exxonmobil Investment Management Inc Tx’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in MET in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 6,053 shares of Metlife Inc which is valued at $237,278. Metlife Inc makes up approx 0.05% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

Metlife Inc opened for trading at $41.42 and hit $41.77 on the upside on Monday, eventually ending the session at $41.46, with a gain of 0.78% or 0.32 points. The heightened volatility saw the trading volume jump to 84,14,079 shares. Company has a market cap of $45,551 M.

On the company’s financial health, Metlife Inc reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.52 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $1.35. The company had revenue of $16955.00 million for the quarter, compared to analysts expectations of $17201.68 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on Metlife Inc. Shares were Downgraded by Deutsche Bank on Jul 13, 2016 to ” Hold” and Lowered the Price Target to $ 44 from a previous price target of $47 .

MetLife Inc. (MetLife) is a provider of life insurance annuities employee benefits and asset management. The Company’s segments include Retail; Group Voluntary & Worksite Benefits and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively the Americas); Asia and Europe the Middle East and Africa (EMEA). In addition MetLife’s Corporate & Other includes MetLife Home Loans LLC (MLHL) the surviving non-bank entity of the merger of MetLife Bank National Association (MetLife Bank) with and into MLHL and other business activities. Through its subsidiaries and affiliates it operates in the United States Japan Latin America Asia Europe and the Middle East. The Company‘s businesses in the Americas offer a range of protection products and services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *