Meridian Investment Counsel buys $2,238,249 stake in Metlife Inc (MET)

Metlife Inc (MET) : Meridian Investment Counsel scooped up 6,796 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 56,294 shares of Metlife Inc which is valued at $2,238,249.Metlife Inc makes up approximately 1.47% of Meridian Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in MET in the latest quarter, The investment management firm added 6,012 additional shares and now holds a total of 4,399,935 shares of Metlife Inc which is valued at $174,941,416. Metlife Inc makes up approx 0.21% of Blackrock Investment Management’s portfolio.Harel Insurance Investments Financial Services Ltd. reduced its stake in MET by selling 2,000 shares or 51.01% in the most recent quarter. The Hedge Fund company now holds 1,921 shares of MET which is valued at $83,948. Metlife Inc makes up approx 0.01% of Harel Insurance Investments Financial Services Ltd.’s portfolio.Financial Architects Inc boosted its stake in MET in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 1,700 shares of Metlife Inc which is valued at $73,406. Metlife Inc makes up approx 0.02% of Financial Architects Inc’s portfolio.Highstreet Asset Management boosted its stake in MET in the latest quarter, The investment management firm added 12,438 additional shares and now holds a total of 25,915 shares of Metlife Inc which is valued at $1,121,083. Metlife Inc makes up approx 0.38% of Highstreet Asset Management’s portfolio.

Metlife Inc closed down -0.02 points or -0.05% at $40.45 with 57,96,964 shares getting traded on Friday. Post opening the session at $40.12, the shares hit an intraday low of $40.065 and an intraday high of $40.685 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .

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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