Compagnie Lombard Odier Scma Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Compagnie Lombard Odier Scma reduced its stake in Metlife Inc by 4.32% during the most recent quarter end. The investment management company now holds a total of 975,104 shares of Metlife Inc which is valued at $38,770,135 after selling 44,006 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Metlife Inc makes up approximately 1.11% of Compagnie Lombard Odier Scma’s portfolio.

Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in MET by selling 88 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 6,915 shares of MET which is valued at $274,940. Metlife Inc makes up approx 0.23% of Park Avenue Institutional Advisers’s portfolio.Norges Bank boosted its stake in MET in the latest quarter, The investment management firm added 1,718,593 additional shares and now holds a total of 4,657,031 shares of Metlife Inc which is valued at $185,163,553. Metlife Inc makes up approx 0.09% of Norges Bank’s portfolio.Grantham Mayo Van Otterloo reduced its stake in MET by selling 4,900 shares or 22.95% in the most recent quarter. The Hedge Fund company now holds 16,450 shares of MET which is valued at $654,052.Fort Washington Investment Advisors Inc Oh reduced its stake in MET by selling 300 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 170,383 shares of MET which is valued at $6,774,428. Metlife Inc makes up approx 0.12% of Fort Washington Investment Advisors Inc Oh’s portfolio.Texas Permanent School Fund reduced its stake in MET by selling 22,491 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 356,453 shares of MET which is valued at $14,172,571. Metlife Inc makes up approx 0.18% of Texas Permanent School Fund’s portfolio.

Metlife Inc closed down -0.34 points or -0.78% at $43.06 with 66,20,013 shares getting traded on Thursday. Post opening the session at $43.45, the shares hit an intraday low of $42.64 and an intraday high of $43.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Company shares were Reiterated by FBR Capital on Aug 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .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.

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