Delta Capital Management Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Delta Capital Management reduced its stake in Metlife Inc by 11.58% during the most recent quarter end. The investment management company now holds a total of 54,061 shares of Metlife Inc which is valued at $2,362,466 after selling 7,078 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Metlife Inc makes up approximately 1.77% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Channing Capital Management boosted its stake in MET in the latest quarter, The investment management firm added 23,696 additional shares and now holds a total of 155,535 shares of Metlife Inc which is valued at $6,796,880. Metlife Inc makes up approx 0.27% of Channing Capital Management’s portfolio.Ls Investment Advisors boosted its stake in MET in the latest quarter, The investment management firm added 1,723 additional shares and now holds a total of 33,490 shares of Metlife Inc which is valued at $1,448,777. Metlife Inc makes up approx 0.10% of Ls Investment Advisors’s portfolio.Oakworth Capital boosted its stake in MET in the latest quarter, The investment management firm added 288 additional shares and now holds a total of 640 shares of Metlife Inc which is valued at $27,686. Metlife Inc makes up approx 0.01% of Oakworth Capital’s portfolio.Perkins Coie Trust Co reduced its stake in MET by selling 535 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 31,390 shares of MET which is valued at $1,230,488. Metlife Inc makes up approx 0.80% of Perkins Coie Trust Co’s portfolio.

Metlife Inc closed down -3.76 points or -8.68% at $39.54 with 2,54,64,015 shares getting traded on Thursday. Post opening the session at $41.21, the shares hit an intraday low of $38.87 and an intraday high of $41.32 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. 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 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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