Metlife Inc (MET) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $1.38. The company posted revenue of $16611.00 million in the period, 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. 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 opened for trading at $45.35 and hit $45.85 on the upside on Monday, eventually ending the session at $45.84, with a gain of 1.64% or 0.74 points. The heightened volatility saw the trading volume jump to 50,81,683 shares. Company has a market cap of $50,271 M.
In a different news, on Apr 20, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,200 shares at $45.00 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.