Cutler Capital Management buys $7,640,752 stake in Metlife Inc (MET)

Metlife Inc (MET) : Cutler Capital Management scooped up 7,350 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 169,418 shares of Metlife Inc which is valued at $7,640,752.Metlife Inc makes up approximately 3.44% of Cutler Capital Management’s portfolio.

Metlife Inc opened for trading at $45.35 and hit $45.85 on the upside on Monday, eventually ending the session at $45.84, with a gain of 1.64% or 0.74 points. The heightened volatility saw the trading volume jump to 50,81,683 shares. Company has a market cap of $50,271 M.

Other Hedge Funds, Including , Rothschild Investment Corp Il reduced its stake in MET by selling 626 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 73,972 shares of MET which is valued at $3,336,137. Metlife Inc makes up approx 0.43% of Rothschild Investment Corp Il’s portfolio. Baring Asset Management Ltd sold out all of its stake in MET during the most recent quarter. The investment firm sold 154,029 shares of MET which is valued $6,946,708. Jnba Financial Advisors added MET to its portfolio by purchasing 189 company shares during the most recent quarter which is valued at $8,864.First Citizens Bank Trust Co reduced its stake in MET by selling 852 shares or 11.98% in the most recent quarter. The Hedge Fund company now holds 6,262 shares of MET which is valued at $293,688. Metlife Inc makes up approx 0.02% of First Citizens Bank Trust Co’s portfolio.Sigma Planning Corp boosted its stake in MET in the latest quarter, The investment management firm added 873 additional shares and now holds a total of 5,854 shares of Metlife Inc which is valued at $274,553. Metlife Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio.

On the company’s financial health, Metlife Inc reported $1.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $1.36. The company had revenue of $17111.00 million for the quarter, compared to analysts expectations of $17598.80 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Metlife Inc. Company shares were Reiterated by UBS on Mar 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Shares were Reiterated by Barclays on Feb 4, 2016 to “Overweight” and Lowered the Price Target to $ 53 from a previous price target of $60 .

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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