Brave Asset Management Inc buys $2.2 Million stake in Metlife Inc (MET)

Metlife Inc (MET) : Brave Asset Management Inc scooped up 6,300 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 50,550 shares of Metlife Inc which is valued at $2.2 Million.Metlife Inc makes up approximately 1.57% of Brave Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Balasa Dinverno Foltz boosted its stake in MET in the latest quarter, The investment management firm added 473 additional shares and now holds a total of 5,611 shares of Metlife Inc which is valued at $241,217. Metlife Inc makes up approx 0.04% of Balasa Dinverno Foltz’s portfolio.Sitrin Capital Management reduced its stake in MET by selling 2,969 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 73,618 shares of MET which is valued at $3.2 Million. Metlife Inc makes up approx 2.51% of Sitrin Capital Management’s portfolio. Pioneer Investment Management Inc sold out all of its stake in MET during the most recent quarter. The investment firm sold 4,552 shares of MET which is valued $195,690.Motco boosted its stake in MET in the latest quarter, The investment management firm added 5,106 additional shares and now holds a total of 136,772 shares of Metlife Inc which is valued at $5.9 Million. Metlife Inc makes up approx 0.70% of Motco’s portfolio.

Metlife Inc opened for trading at $44.59 and hit $45.12 on the upside on Friday, eventually ending the session at $44.61, with a gain of 0.68% or 0.3 points. The heightened volatility saw the trading volume jump to 53,96,995 shares. Company has a market cap of $49,012 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.

Leave a Reply

Metlife Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Metlife Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.