Metlife Inc (MET) : New Century Advisors reduced its stake in Metlife Inc by 80.0% during the most recent quarter end. The investment management company now holds a total of 5,000 shares of Metlife Inc which is valued at $234,500 after selling 20,000 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Metlife Inc makes up approximately 0.28% of New Century Advisors’s portfolio.
Metlife Inc opened for trading at $46.63 and hit $46.97 on the upside on Wednesday, eventually ending the session at $46.75, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 75,92,887 shares. Company has a market cap of $51,269 M.
Other Hedge Funds, Including , Oakbrook Investments boosted its stake in MET in the latest quarter, The investment management firm added 18,900 additional shares and now holds a total of 86,755 shares of Metlife Inc which is valued at $3,873,611. Metlife Inc makes up approx 0.25% of Oakbrook Investments’s portfolio.Independent Portfolio Consultants reduced its stake in MET by selling 715 shares or 20.58% in the most recent quarter. The Hedge Fund company now holds 2,760 shares of MET which is valued at $123,234. Metlife Inc makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Endurance Wealth Management reduced its stake in MET by selling 210 shares or 9.65% in the most recent quarter. The Hedge Fund company now holds 1,966 shares of MET which is valued at $87,782. Metlife Inc makes up approx 0.02% of Endurance Wealth Management’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in MET in the latest quarter, The investment management firm added 17,850 additional shares and now holds a total of 267,012 shares of Metlife Inc which is valued at $11,922,086. Metlife Inc makes up approx 0.27% of Exxonmobil Investment Management Inc Tx’s portfolio.
On the company’s financial health, Metlife Inc reported $1.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $1.36. The company had revenue of $17111.00 million for the quarter, compared to analysts expectations of $17598.80 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.
Many Wall Street Analysts have commented on Metlife Inc. Company shares were Reiterated by UBS on Mar 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Shares were Reiterated by Barclays on Feb 4, 2016 to “Overweight” and Lowered the Price Target to $ 53 from a previous price target of $60 .
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.