Metlife Inc (MET) : Svenska Handelsbanken Ab (publ) scooped up 1,459,096 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 2,474,496 shares of Metlife Inc which is valued at $100,167,598.Metlife Inc makes up approximately 5.99% of Svenska Handelsbanken Ab (publ)’s portfolio.
Other Hedge Funds, Including , Breton Hill Capital Ltd. boosted its stake in MET in the latest quarter, The investment management firm added 1,592 additional shares and now holds a total of 34,534 shares of Metlife Inc which is valued at $1,397,936. Metlife Inc makes up approx 0.44% of Breton Hill Capital Ltd.’s portfolio.Lvm Capital Management Ltdmi reduced its stake in MET by selling 6,075 shares or 29.1% in the most recent quarter. The Hedge Fund company now holds 14,800 shares of MET which is valued at $580,160. Metlife Inc makes up approx 0.17% of Lvm Capital Management Ltdmi’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 $42.59 and hit $42.99 on the upside on Friday, eventually ending the session at $42.61, with a gain of 0.54% or 0.23 points. The heightened volatility saw the trading volume jump to 84,00,434 shares. Company has a market cap of $46,814 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 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.