Rdl Financial Inc Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Rdl Financial Inc reduced its stake in Metlife Inc by 4.23% during the most recent quarter end. The investment management company now holds a total of 35,125 shares of Metlife Inc which is valued at $1,534,963 after selling 1,553 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Metlife Inc makes up approximately 1.11% of Rdl Financial Inc’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc boosted its stake in MET in the latest quarter, The investment management firm added 3,073 additional shares and now holds a total of 16,118 shares of Metlife Inc which is valued at $704,357. Metlife Inc makes up approx 0.14% of Foster Motley Inc’s portfolio.Btc Capital Management boosted its stake in MET in the latest quarter, The investment management firm added 3,195 additional shares and now holds a total of 57,754 shares of Metlife Inc which is valued at $2,523,850. Metlife Inc makes up approx 0.53% of Btc Capital Management’s portfolio.Agf Investments boosted its stake in MET in the latest quarter, The investment management firm added 77,915 additional shares and now holds a total of 1,068,353 shares of Metlife Inc which is valued at $46,687,026. Metlife Inc makes up approx 0.51% of Agf Investments’s portfolio. Americafirst Capital Management added MET to its portfolio by purchasing 2,197 company shares during the most recent quarter which is valued at $94,801. Metlife Inc makes up approx 0.07% of Americafirst Capital Management’s portfolio.Washington Trust Bank boosted its stake in MET in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 6,208 shares of Metlife Inc which is valued at $243,354. Metlife Inc makes up approx 0.06% of Washington Trust Bank’s portfolio.

Metlife Inc opened for trading at $41.42 and hit $41.77 on the upside on Monday, eventually ending the session at $41.46, with a gain of 0.78% or 0.32 points. The heightened volatility saw the trading volume jump to 84,14,079 shares. Company has a market cap of $45,551 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 .Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform” and Lowered the Price Target to $ 62 from a previous price target of $65 .

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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