Peddock Capital Advisors buys $439,875 stake in Metlife Inc (MET)

Metlife Inc (MET) : Peddock Capital Advisors scooped up 1,202 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 9,381 shares of Metlife Inc which is valued at $439,875.Metlife Inc makes up approximately 0.29% of Peddock Capital Advisors’s portfolio.

Other Hedge Funds, Including , Windward Capital Management Co Ca boosted its stake in MET in the latest quarter, The investment management firm added 4,161 additional shares and now holds a total of 9,899 shares of Metlife Inc which is valued at $464,164. Metlife Inc makes up approx 0.09% of Windward Capital Management Co Ca’s portfolio.Banced Corp boosted its stake in MET in the latest quarter, The investment management firm added 1,874 additional shares and now holds a total of 8,648 shares of Metlife Inc which is valued at $409,137. Metlife Inc makes up approx 0.81% of Banced Corp’s portfolio.Ronna Sue Cohen boosted its stake in MET in the latest quarter, The investment management firm added 1,529 additional shares and now holds a total of 63,026 shares of Metlife Inc which is valued at $2,998,777. Metlife Inc makes up approx 2.27% of Ronna Sue Cohen’s portfolio. Capital Asset Advisory Services added MET to its portfolio by purchasing 8,984 company shares during the most recent quarter which is valued at $427,459. Metlife Inc makes up approx 0.59% of Capital Asset Advisory Services’s portfolio.

Metlife Inc opened for trading at $47.33 and hit $47.65 on the upside on Friday, eventually ending the session at $46.89, with a gain of 0.45% or 0.21 points. The heightened volatility saw the trading volume jump to 78,48,618 shares. Company has a market cap of $51,526 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 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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