Omers Administration Corp buys $109,900,616 stake in Metlife Inc (MET)

Metlife Inc (MET) : Omers Administration Corp scooped up 1,615,700 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,764,100 shares of Metlife Inc which is valued at $109,900,616.Metlife Inc makes up approximately 2.24% of Omers Administration Corp’s portfolio.

Other Hedge Funds, Including , Nelson Roberts Investment Advisors sold out all of its stake in MET during the most recent quarter. The investment firm sold 500 shares of MET which is valued $19,880. Wms Partners added MET to its portfolio by purchasing 5,260 company shares during the most recent quarter which is valued at $209,138. Metlife Inc makes up approx 0.03% of Wms Partners’s portfolio.Teacher Retirement System Of Texas reduced its stake in MET by selling 449,561 shares or 33.0% in the most recent quarter. The Hedge Fund company now holds 912,571 shares of MET which is valued at $37,835,194. Metlife Inc makes up approx 0.25% of Teacher Retirement System Of Texas’s portfolio. Jacobus Wealth Management sold out all of its stake in MET during the most recent quarter. The investment firm sold 3,675 shares of MET which is valued $151,190.

Metlife Inc opened for trading at $40.5 and hit $40.855 on the upside on Tuesday, eventually ending the session at $40.59, with a gain of 0.72% or 0.29 points. The heightened volatility saw the trading volume jump to 47,65,822 shares. Company has a market cap of $44,603 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 .

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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