Davy Asset Management Ltd Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Davy Asset Management Ltd reduced its stake in Metlife Inc by 13.5% during the most recent quarter end. The investment management company now holds a total of 296,134 shares of Metlife Inc which is valued at $12,730,801 after selling 46,198 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.Metlife Inc makes up approximately 2.49% of Davy Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Nbt Bank N A Ny boosted its stake in MET in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 12,804 shares of Metlife Inc which is valued at $550,444. Metlife Inc makes up approx 0.10% of Nbt Bank N A Ny’s portfolio.Nordea Investment Management Ab boosted its stake in MET in the latest quarter, The investment management firm added 102,508 additional shares and now holds a total of 1,479,663 shares of Metlife Inc which is valued at $66,732,801. Metlife Inc makes up approx 0.20% of Nordea Investment Management Ab’s portfolio.Confluence Wealth Management reduced its stake in MET by selling 9,824 shares or 40.29% in the most recent quarter. The Hedge Fund company now holds 14,561 shares of MET which is valued at $656,701. Metlife Inc makes up approx 0.30% of Confluence Wealth Management’s portfolio. Achievement Holdings added MET to its portfolio by purchasing 13,900 company shares during the most recent quarter which is valued at $626,890. Metlife Inc makes up approx 0.08% of Achievement Holdings’s portfolio.Rdl Financial Inc reduced its stake in MET by selling 2,800 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 36,678 shares of MET which is valued at $1,654,178. Metlife Inc makes up approx 1.24% of Rdl Financial Inc’s portfolio.

Metlife Inc closed down -0.52 points or -1.20% at $42.99 with 51,88,248 shares getting traded on Friday. Post opening the session at $43.37, the shares hit an intraday low of $42.93 and an intraday high of $43.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Metlife Inc reported $1.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.38. The company had revenue of $16611.00 million for the quarter, compared to analysts expectations of $17085.57 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Metlife Inc. 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 .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 .

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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