Western Asset Management Co Exits Position in Metlife Inc (MET)

Metlife Inc (MET) : Western Asset Management Co has sold out all of its stake in Metlife Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 60 shares of Metlife Inc which is valued at $2,386.

Other Hedge Funds, Including , Clearbridge added MET to its portfolio by purchasing 1,737,754 company shares during the most recent quarter which is valued at $69,093,099. Metlife Inc makes up approx 1.30% of Clearbridge’s portfolio.Blackrock Investment Management boosted its stake in MET in the latest quarter, The investment management firm added 6,012 additional shares and now holds a total of 4,399,935 shares of Metlife Inc which is valued at $174,941,416. Metlife Inc makes up approx 0.21% of Blackrock Investment Management’s portfolio.Reynders Mcveigh Capital Management reduced its stake in MET by selling 375 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 58,066 shares of MET which is valued at $2,388,835. Metlife Inc makes up approx 0.33% of Reynders Mcveigh Capital Management’s portfolio.Seaward Management Limited Partnership reduced its stake in MET by selling 500 shares or 6.34% in the most recent quarter. The Hedge Fund company now holds 7,381 shares of MET which is valued at $318,712. Metlife Inc makes up approx 0.02% of Seaward Management Limited Partnership’s portfolio.

Metlife Inc closed down -0.34 points or -0.78% at $43.06 with 66,20,013 shares getting traded on Thursday. Post opening the session at $43.45, the shares hit an intraday low of $42.64 and an intraday high of $43.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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