Allianz Asset Management Ag Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Allianz Asset Management Ag reduced its stake in Metlife Inc by 1.31% during the most recent quarter end. The investment management company now holds a total of 11,628,067 shares of Metlife Inc which is valued at $499.9 Million after selling 154,087 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Metlife Inc makes up approximately 0.70% of Allianz Asset Management Ag’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department reduced its stake in MET by selling 23,178 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 1,214,983 shares of MET which is valued at $52.2 Million. Metlife Inc makes up approx 0.30% of State Of Tennessee Treasury Department’s portfolio.Dana Investment Advisors reduced its stake in MET by selling 141,342 shares or 70.26% in the most recent quarter. The Hedge Fund company now holds 59,830 shares of MET which is valued at $2.6 Million. Metlife Inc makes up approx 0.12% of Dana Investment Advisors’s portfolio.Credit Agricole S A reduced its stake in MET by selling 170,328 shares or 32.65% in the most recent quarter. The Hedge Fund company now holds 351,276 shares of MET which is valued at $15.1 Million. Metlife Inc makes up approx 0.07% of Credit Agricole S A’s portfolio.Twin Capital Management Inc boosted its stake in MET in the latest quarter, The investment management firm added 3,970 additional shares and now holds a total of 56,220 shares of Metlife Inc which is valued at $2.4 Million. Metlife Inc makes up approx 0.19% of Twin Capital Management Inc’s portfolio.Bank Of The West reduced its stake in MET by selling 615 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 48,472 shares of MET which is valued at $2.1 Million. Metlife Inc makes up approx 0.29% of Bank Of The West’s portfolio.

Metlife Inc opened for trading at $45.6 and hit $46.075 on the upside on Wednesday, eventually ending the session at $45.78, with a gain of 1.13% or 0.51 points. The heightened volatility saw the trading volume jump to 61,17,895 shares. Company has a market cap of $50,297 M.

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.

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 .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 .

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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