Southport Management L.l.c. Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Southport Management L.l.c. reduced its stake in Metlife Inc by 13.96% during the most recent quarter end. The investment management company now holds a total of 61,630 shares of Metlife Inc which is valued at $2,450,409 after selling 10,000 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Metlife Inc makes up approximately 4.79% of Southport Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Charter Research Investment Group boosted its stake in MET in the latest quarter, The investment management firm added 795 additional shares and now holds a total of 39,143 shares of Metlife Inc which is valued at $1,556,326. Metlife Inc makes up approx 1.74% of Charter Research Investment Group’s portfolio.Sentry Investment Management reduced its stake in MET by selling 28 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 85,323 shares of MET which is valued at $3,392,442. Metlife Inc makes up approx 0.14% of Sentry Investment Management’s portfolio.D’orazio Associates reduced its stake in MET by selling 68 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 1,353 shares of MET which is valued at $56,095. Metlife Inc makes up approx 0.02% of D’orazio Associates’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.Private Wealth Partners reduced its stake in MET by selling 15,860 shares or 14.16% in the most recent quarter. The Hedge Fund company now holds 96,140 shares of MET which is valued at $4,151,325. Metlife Inc makes up approx 0.96% of Private Wealth Partners’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 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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