Metlife Inc (MET) : Algebris Investments (uk) Llp reduced its stake in Metlife Inc by 11.93% during the most recent quarter end. The investment management company now holds a total of 202,575 shares of Metlife Inc which is valued at $8,054,382 after selling 27,435 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Metlife Inc makes up approximately 5.02% of Algebris Investments (uk) Llp’s portfolio.
Other Hedge Funds, Including , Viking Global Investors Lp sold out all of its stake in MET during the most recent quarter. The investment firm sold 2,562,561 shares of MET which is valued $101,887,425. Fiduciary Financial Services Of The Southwest Inc Tx sold out all of its stake in MET during the most recent quarter. The investment firm sold 18,109 shares of MET which is valued $720,014. First Personal Financial Services added MET to its portfolio by purchasing 775 company shares during the most recent quarter which is valued at $32,132. Metlife Inc makes up approx 0.01% of First Personal Financial Services’s portfolio.Reynders Mcveigh Capital Management reduced its stake in MET by selling 375 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 58,066 shares of MET which is valued at $2,388,835. Metlife Inc makes up approx 0.33% of Reynders Mcveigh Capital Management’s portfolio.New York State Teachers Retirement System reduced its stake in MET by selling 39,512 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 2,212,279 shares of MET which is valued at $95,703,190. Metlife Inc makes up approx 0.24% of New York State Teachers Retirement System’s portfolio.
Metlife Inc closed down -0.34 points or -0.78% at $43.06 with 66,20,013 shares getting traded on Thursday. Post opening the session at $43.45, the shares hit an intraday low of $42.64 and an intraday high of $43.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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. Company shares were Reiterated by FBR Capital on Aug 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .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.