Snow Capital Management Lp Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Snow Capital Management Lp reduced its stake in Metlife Inc by 11.52% during the most recent quarter end. The investment management company now holds a total of 1,466,815 shares of Metlife Inc which is valued at $63.1 Million after selling 190,885 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Metlife Inc makes up approximately 2.84% of Snow Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in MET in the latest quarter, The investment management firm added 15,103 additional shares and now holds a total of 138,353 shares of Metlife Inc which is valued at $5.9 Million. Metlife Inc makes up approx 0.04% of Cibc Asset Management Inc’s portfolio.Ray Gerald L Associates Ltd reduced its stake in MET by selling 13,537 shares or 24.23% in the most recent quarter. The Hedge Fund company now holds 42,337 shares of MET which is valued at $1.8 Million. Metlife Inc makes up approx 0.29% of Ray Gerald L Associates Ltd’s portfolio.Dupont Capital Management Corp boosted its stake in MET in the latest quarter, The investment management firm added 21,820 additional shares and now holds a total of 424,442 shares of Metlife Inc which is valued at $19.1 Million. Metlife Inc makes up approx 0.44% of Dupont Capital Management Corp’s portfolio. Boys Arnold Co Inc sold out all of its stake in MET during the most recent quarter. The investment firm sold 23,672 shares of MET which is valued $1.1 Million.

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 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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