Pt Asset Management buys $1.1 Million stake in Metlife Inc (MET)

Metlife Inc (MET) : Pt Asset Management scooped up 2,200 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 25,400 shares of Metlife Inc which is valued at $1.1 Million.Metlife Inc makes up approximately 2.73% of Pt Asset Management’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in MET in the latest quarter, The investment management firm added 38,876 additional shares and now holds a total of 129,577 shares of Metlife Inc which is valued at $5.6 Million. Metlife Inc makes up approx 0.03% of Nuveen Asset Management’s portfolio. Cipher Capital Lp added MET to its portfolio by purchasing 70,145 company shares during the most recent quarter which is valued at $3 Million. Metlife Inc makes up approx 0.29% of Cipher Capital Lp’s portfolio. Boston Common Asset Management added MET to its portfolio by purchasing 16,370 company shares during the most recent quarter which is valued at $703,746. Metlife Inc makes up approx 0.10% of Boston Common Asset Management’s portfolio.Anchor Capital Advisors boosted its stake in MET in the latest quarter, The investment management firm added 21,290 additional shares and now holds a total of 535,735 shares of Metlife Inc which is valued at $23 Million. Metlife Inc makes up approx 0.59% of Anchor Capital Advisors’s portfolio.Addenda Capital boosted its stake in MET in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 25,596 shares of Metlife Inc which is valued at $1.1 Million. Metlife Inc makes up approx 0.10% of Addenda Capital’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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