Metlife Inc (MET) : Stack Financial Management Inc scooped up 3,410 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 235,915 shares of Metlife Inc which is valued at $9,471,987.Metlife Inc makes up approximately 1.16% of Stack Financial Management Inc’s portfolio.
Other Hedge Funds, Including , Gerstein Fisher sold out all of its stake in MET during the most recent quarter. The investment firm sold 5,039 shares of MET which is valued $202,316.I.g. Investment Management Ltd. boosted its stake in MET in the latest quarter, The investment management firm added 2,168 additional shares and now holds a total of 121,746 shares of Metlife Inc which is valued at $5,008,630. Metlife Inc makes up approx 0.02% of I.g. Investment Management Ltd.’s portfolio.Reynders Mcveigh Capital Management reduced its stake in MET by selling 375 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 58,066 shares of MET which is valued at $2,388,835. Metlife Inc makes up approx 0.33% of Reynders Mcveigh Capital Management’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in MET by selling 91 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 18,362 shares of MET which is valued at $784,792. Metlife Inc makes up approx 0.09% of Whittier Trust Co Of Nevada Inc’s portfolio.Crestpoint Capital Management reduced its stake in MET by selling 1,300 shares or 10.08% in the most recent quarter. The Hedge Fund company now holds 11,600 shares of MET which is valued at $499,844. Metlife Inc makes up approx 0.26% of Crestpoint 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 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.