Metlife Inc (MET) : Rezny Wealth Management has sold out all of its stake in Metlife Inc during the most recent quarter, according to the disclosure filed by the company on May 10, 2016 with the SEC. The investment management company has sold out 26 shares of Metlife Inc which is valued at $1,118.
Other Hedge Funds, Including , Anchor Capital Advisors boosted its stake in MET in the latest quarter, The investment management firm added 21,290 additional shares and now holds a total of 535,735 shares of Metlife Inc which is valued at $23,031,248. Metlife Inc makes up approx 0.59% of Anchor Capital Advisors’s portfolio.Cim Investment Mangement Inc reduced its stake in MET by selling 3,213 shares or 12.51% in the most recent quarter. The Hedge Fund company now holds 22,461 shares of MET which is valued at $966,272. Metlife Inc makes up approx 0.42% of Cim Investment Mangement Inc’s portfolio.Nationwide Fund Advisors reduced its stake in MET by selling 16,358 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 1,356,890 shares of MET which is valued at $58,373,408. Metlife Inc makes up approx 0.25% of Nationwide Fund Advisors’s portfolio.
Metlife Inc opened for trading at $43.07 and hit $43.725 on the upside on Monday, eventually ending the session at $43.4, with a gain of 0.95% or 0.41 points. The heightened volatility saw the trading volume jump to 51,96,116 shares. Company has a market cap of $47,682 M.
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 Companys 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 Companys businesses in the Americas offer a range of protection products and services.