Graybill Bartz Assoc Ltd Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Graybill Bartz Assoc Ltd reduced its stake in Metlife Inc by 0.12% during the most recent quarter end. The investment management company now holds a total of 53,626 shares of Metlife Inc which is valued at $2,313,962 after selling 65 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Metlife Inc makes up approximately 2.05% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , Sentinel Trust Co Lba reduced its stake in MET by selling 1,810 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 106,020 shares of MET which is valued at $4,574,763. Metlife Inc makes up approx 0.64% of Sentinel Trust Co Lba’s portfolio. Boys Arnold Co Inc added MET to its portfolio by purchasing 11,621 company shares during the most recent quarter which is valued at $500,749. Metlife Inc makes up approx 0.08% of Boys Arnold Co Inc’s portfolio.Jacobs Coca reduced its stake in MET by selling 15 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 5,115 shares of MET which is valued at $207,055. Metlife Inc makes up approx 0.05% of Jacobs Coca’s portfolio.Washington Trust Bank boosted its stake in MET in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 6,208 shares of Metlife Inc which is valued at $243,354. Metlife Inc makes up approx 0.06% of Washington Trust Bank’s portfolio.

Metlife Inc opened for trading at $43.25 and hit $43.38 on the upside on Wednesday, eventually ending the session at $43.15, with a gain of 0.42% or 0.18 points. The heightened volatility saw the trading volume jump to 83,20,578 shares. Company has a market cap of $47,407 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.

Investors should note that on Jul 7, 2016, Metlife Inc announced a cash dividend of $0.4000. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Sep 13, 2016.

Many Wall Street Analysts have commented on Metlife Inc. Shares were Downgraded by Deutsche Bank on Jul 13, 2016 to ” Hold” and Lowered the Price Target to $ 44 from a previous price target of $47 .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 .

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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