Klcm Advisors buys $16,195,346 stake in Metlife Inc (MET)

Metlife Inc (MET) : Klcm Advisors scooped up 7,075 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 403,371 shares of Metlife Inc which is valued at $16,195,346.Metlife Inc makes up approximately 5.29% of Klcm Advisors’s portfolio.

Other Hedge Funds, Including , Argent Capital Management boosted its stake in MET in the latest quarter, The investment management firm added 1,895 additional shares and now holds a total of 291,108 shares of Metlife Inc which is valued at $11,687,986. Metlife Inc makes up approx 0.50% of Argent Capital Management’s portfolio.Coconut Grove Bank reduced its stake in MET by selling 40 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 343 shares of MET which is valued at $14,111. Metlife Inc makes up approx 0.01% of Coconut Grove Bank’s portfolio.Strategy Asset Managers boosted its stake in MET in the latest quarter, The investment management firm added 2,798 additional shares and now holds a total of 32,512 shares of Metlife Inc which is valued at $1,337,544. Metlife Inc makes up approx 0.30% of Strategy Asset Managers’s portfolio.Foster Motley Inc boosted its stake in MET in the latest quarter, The investment management firm added 3,073 additional shares and now holds a total of 16,118 shares of Metlife Inc which is valued at $704,357. Metlife Inc makes up approx 0.14% of Foster Motley Inc’s portfolio.Channing Capital Management boosted its stake in MET in the latest quarter, The investment management firm added 23,696 additional shares and now holds a total of 155,535 shares of Metlife Inc which is valued at $6,796,880. Metlife Inc makes up approx 0.27% of Channing Capital Management’s portfolio.

Metlife Inc opened for trading at $40.09 and hit $40.31 on the upside on Monday, eventually ending the session at $40.23, with a gain of 1.18% or 0.47 points. The heightened volatility saw the trading volume jump to 63,26,606 shares. Company has a market cap of $44,208 M.

On the company’s financial health, Metlife Inc reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.52 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $1.35. The company had revenue of $16955.00 million for the quarter, compared to analysts expectations of $17201.68 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on Metlife Inc. Shares were Downgraded by Deutsche Bank on Jul 13, 2016 to ” Hold” and Lowered the Price Target to $ 44 from a previous price target of $47 .

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.