Metlife Inc (MET) : Davy Asset Management Ltd reduced its stake in Metlife Inc by 9.23% during the most recent quarter end. The investment management company now holds a total of 268,796 shares of Metlife Inc which is valued at $11,746,385 after selling 27,338 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Metlife Inc makes up approximately 2.36% of Davy Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in MET by selling 273,584 shares or 66.03% in the most recent quarter. The Hedge Fund company now holds 140,719 shares of MET which is valued at $6,149,420. Metlife Inc makes up approx 0.16% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Clarkston Capital Partners reduced its stake in MET by selling 400 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of MET which is valued at $648,900. Metlife Inc makes up approx 0.03% of Clarkston Capital Partners’s portfolio.Private Bank Trust Co boosted its stake in MET in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 7,515 shares of Metlife Inc which is valued at $323,821. Metlife Inc makes up approx 0.05% of Private Bank Trust Co’s portfolio.North Star Investment Management Corp. boosted its stake in MET in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 1,690 shares of Metlife Inc which is valued at $68,411. Metlife Inc makes up approx 0.01% of North Star Investment Management Corp.’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 .Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform” and Lowered the Price Target to $ 62 from a previous price target of $65 .
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.