M. Kraus Co Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : M. Kraus Co reduced its stake in Metlife Inc by 0.62% during the most recent quarter end. The investment management company now holds a total of 60,312 shares of Metlife Inc which is valued at $2,364,230 after selling 375 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Metlife Inc makes up approximately 1.38% of M. Kraus Co’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies boosted its stake in MET in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 39 shares of Metlife Inc which is valued at $1,529.Indiana Trust Investment Management Co reduced its stake in MET by selling 340 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 34,020 shares of MET which is valued at $1,287,657. Metlife Inc makes up approx 0.68% of Indiana Trust Investment Management Co’s portfolio. Stock Yards Bank Trust Co sold out all of its stake in MET during the most recent quarter. The investment firm sold 103,262 shares of MET which is valued $3,908,467.Cullinan Associates Inc reduced its stake in MET by selling 1,500 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 90,200 shares of MET which is valued at $3,561,998. Metlife Inc makes up approx 0.29% of Cullinan Associates Inc’s portfolio.

Metlife Inc opened for trading at $39.68 and hit $39.96 on the upside on Monday, eventually ending the session at $39.78, with a gain of 1.48% or 0.58 points. The heightened volatility saw the trading volume jump to 57,95,363 shares. Company has a market cap of $43,705 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 .

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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