Harbour Capital Advisors Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Harbour Capital Advisors reduced its stake in Metlife Inc by 1.44% during the most recent quarter end. The investment management company now holds a total of 27,390 shares of Metlife Inc which is valued at $1,259,666 after selling 400 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Oct 3, 2016.Metlife Inc makes up approximately 0.68% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cullinan Associates Inc boosted its stake in MET in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 90,505 shares of Metlife Inc which is valued at $4,162,325. Metlife Inc makes up approx 0.36% of Cullinan Associates Inc’s portfolio.

Metlife Inc opened for trading at $44.4 and hit $45.07 on the upside on Tuesday, eventually ending the session at $44.87, with a gain of 1.13% or 0.5 points. The heightened volatility saw the trading volume jump to 62,30,598 shares. Company has a market cap of $49,306 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. Metlife Inc was Resumed by Wells Fargo to “Outperform” on Sep 23, 2016. 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 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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