Metlife Inc (MET) : Snow Capital Management Lp reduced its stake in Metlife Inc by 7.29% during the most recent quarter end. The investment management company now holds a total of 1,359,846 shares of Metlife Inc which is valued at $54,067,477 after selling 106,969 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Metlife Inc makes up approximately 2.39% of Snow Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in MET during the most recent quarter. The investment firm sold 120,758 shares of MET which is valued $4,801,338.Central Trust Co reduced its stake in MET by selling 3,397 shares or 13.11% in the most recent quarter. The Hedge Fund company now holds 22,505 shares of MET which is valued at $903,576. Metlife Inc makes up approx 0.07% of Central Trust Co’s portfolio. Kornitzer Capital Management Inc Ks sold out all of its stake in MET during the most recent quarter. The investment firm sold 5,125 shares of MET which is valued $219,043.Catawba Capital Management Va reduced its stake in MET by selling 368 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 6,690 shares of MET which is valued at $288,674. Metlife Inc makes up approx 0.07% of Catawba Capital Management Va’s portfolio. Americafirst Capital Management added MET to its portfolio by purchasing 2,197 company shares during the most recent quarter which is valued at $94,801. Metlife Inc makes up approx 0.07% of Americafirst Capital Management’s portfolio.
Metlife Inc opened for trading at $40.5 and hit $40.855 on the upside on Tuesday, eventually ending the session at $40.59, with a gain of 0.72% or 0.29 points. The heightened volatility saw the trading volume jump to 47,65,822 shares. Company has a market cap of $44,603 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 Companys 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 Companys businesses in the Americas offer a range of protection products and services.