Metlife Inc (MET) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 62 from a previous price target of $65 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.
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 .
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.
Metlife Inc closed down -0.85 points or -1.90% at $43.94 with 70,63,903 shares getting traded on Wednesday. Post opening the session at $44.13, the shares hit an intraday low of $43.575 and an intraday high of $44.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 4, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 4,200 shares at $45.46 per share price. According to the SEC, on Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 per share price. On Jun 30, 2015, James M Kilts (director) sold 145 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.
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.