Dumont Blake Investment Advisors buys $1,823,383 stake in Metlife Inc (MET)

Metlife Inc (MET) : Dumont Blake Investment Advisors scooped up 98 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 41,725 shares of Metlife Inc which is valued at $1,823,383.Metlife Inc makes up approximately 0.90% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in MET in the latest quarter, The investment management firm added 343 additional shares and now holds a total of 1,649,333 shares of Metlife Inc which is valued at $72,075,852. Metlife Inc makes up approx 0.21% of Mizuho Trust Banking Ltd.’s portfolio.Oakbrook Investments reduced its stake in MET by selling 8,300 shares or 9.57% in the most recent quarter. The Hedge Fund company now holds 78,455 shares of MET which is valued at $3,393,963. Metlife Inc makes up approx 0.18% of Oakbrook Investments’s portfolio.Sumitomo Life Insurance Co reduced its stake in MET by selling 13,014 shares or 36.11% in the most recent quarter. The Hedge Fund company now holds 23,029 shares of MET which is valued at $992,320. Metlife Inc makes up approx 0.13% of Sumitomo Life Insurance Co’s portfolio.Crestpoint Capital Management reduced its stake in MET by selling 1,300 shares or 10.08% in the most recent quarter. The Hedge Fund company now holds 11,600 shares of MET which is valued at $499,844. Metlife Inc makes up approx 0.26% of Crestpoint Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MET by selling 331,362 shares or 45.81% in the most recent quarter. The Hedge Fund company now holds 392,052 shares of MET which is valued at $15,368,438. Metlife Inc makes up approx 0.07% of Bnp Paribas Arbitrage Sa’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 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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