Revenue Update on Metlife Inc(NYSE:MET)

Metlife Inc(NYSE:MET) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $16.95B. Analysts estimated a revenue of $17.27B. Earnings per share were $0.83. Analysts had estimated an EPS of $1.36.

In a different note, On Jul 13, 2016, Deutsche Bank said it Downgrades its rating on Metlife Inc. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Metlife Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Metlife Inc. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 27, 2016, Sandler O’Neill said it Upgrades its rating on Metlife Inc. The shares have been rated ‘Buy’ by the firm.

Metlife Inc (MET) shares turned negative on Fridays trading session with the shares closing down -0.39 points or -0.97% at a volume of 77,15,188. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.98. The peak price level was also seen at $39.98 while the days lowest was $39.5. Finally the shares closed at $39.76. The 52-week high of the shares is $54.8999 while the 52-week low is $35. According to the latest information available, the market cap of the company is $43,691 M.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,000 shares at $39.43 per share price.Also, On Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 per share price.On Jun 30, 2015, James M Kilts (director) sold 145 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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