Highland Capital Management Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Highland Capital Management reduced its stake in Metlife Inc by 41.82% during the most recent quarter end. The investment management company now holds a total of 141,133 shares of Metlife Inc which is valued at $6,588,088 after selling 101,433 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Metlife Inc makes up approximately 0.56% of Highland Capital Management’s portfolio.

Other Hedge Funds, Including , At Bancorp reduced its stake in MET by selling 3,558 shares or 24.03% in the most recent quarter. The Hedge Fund company now holds 11,249 shares of MET which is valued at $525,103. Metlife Inc makes up approx 0.07% of At Bancorp’s portfolio.Legal General Group Plc boosted its stake in MET in the latest quarter, The investment management firm added 80,668 additional shares and now holds a total of 4,494,003 shares of Metlife Inc which is valued at $212,611,282. Metlife Inc makes up approx 0.22% of Legal General Group Plc’s portfolio.Raymond James Trust N.a. boosted its stake in MET in the latest quarter, The investment management firm added 7,119 additional shares and now holds a total of 57,261 shares of Metlife Inc which is valued at $2,724,478. Metlife Inc makes up approx 0.24% of Raymond James Trust N.a.’s portfolio.Chevy Chase Trust Holdings reduced its stake in MET by selling 21,795 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 924,290 shares of MET which is valued at $42,508,097. Metlife Inc makes up approx 0.23% of Chevy Chase Trust Holdings’s portfolio. Lvm Capital Management Ltdmi sold out all of its stake in MET during the most recent quarter. The investment firm sold 14,800 shares of MET which is valued $680,652.

Metlife Inc closed down -0.27 points or -0.57% at $47.31 with 72,42,612 shares getting traded on Tuesday. Post opening the session at $47.72, the shares hit an intraday low of $47 and an intraday high of $48.045 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Metlife Inc was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. 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 .

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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