Metlife Inc (MET) : Paradigm Asset Management Co added new position in Metlife Inc during the most recent quarter end. The investment management firm now holds 150,600 shares of Metlife Inc which is valued at $5,987,856 , the company said in a statement filed on Aug 12, 2016 with the SEC.Metlife Inc makes up approximately 1.03% of Paradigm Asset Management Co’s portfolio.
Other Hedge Funds, Including , Burnham Asset Management Corp Ny boosted its stake in MET in the latest quarter, The investment management firm added 29,450 additional shares and now holds a total of 65,925 shares of Metlife Inc which is valued at $2,621,178. Metlife Inc makes up approx 0.70% of Burnham Asset Management Corp Ny’s portfolio.Nuance Investments boosted its stake in MET in the latest quarter, The investment management firm added 76,993 additional shares and now holds a total of 509,436 shares of Metlife Inc which is valued at $22,262,353. Metlife Inc makes up approx 2.31% of Nuance Investments’s portfolio.Uss Investment Management Ltd boosted its stake in MET in the latest quarter, The investment management firm added 642,900 additional shares and now holds a total of 836,800 shares of Metlife Inc which is valued at $36,568,160. Metlife Inc makes up approx 0.60% of Uss Investment Management Ltd’s portfolio.Eastern Bank boosted its stake in MET in the latest quarter, The investment management firm added 2,077 additional shares and now holds a total of 58,027 shares of Metlife Inc which is valued at $2,500,383. Metlife Inc makes up approx 0.20% of Eastern Bank’s portfolio.
Metlife Inc opened for trading at $42.17 and hit $42.789 on the upside on Monday, eventually ending the session at $42.41, with a gain of 1.48% or 0.62 points. The heightened volatility saw the trading volume jump to 63,83,809 shares. Company has a market cap of $46,603 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. 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 Companys 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 Companys businesses in the Americas offer a range of protection products and services.