Metlife Inc (MET) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 44 from a previous price target of $47 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 13, 2016.
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 .
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.
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.
Investors should note that on Jul 7, 2016, Metlife Inc announced a cash dividend of $0.4000. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Sep 13, 2016.
In a different news, on Jul 5, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,000 shares at $39.43 per share price. According to the SEC, on Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 per share price. On Jun 30, 2015, James M Kilts (director) sold 145 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.
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.