Dupont Capital Management Corp Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Dupont Capital Management Corp reduced its stake in Metlife Inc by 12.67% during the most recent quarter end. The investment management company now holds a total of 370,659 shares of Metlife Inc which is valued at $16,197,798 after selling 53,783 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Metlife Inc makes up approximately 0.35% of Dupont Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services sold out all of its stake in MET during the most recent quarter. The investment firm sold 18,993 shares of MET which is valued $829,994.Financial Architects Inc boosted its stake in MET in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 1,700 shares of Metlife Inc which is valued at $73,406. Metlife Inc makes up approx 0.02% of Financial Architects Inc’s portfolio.Cypress Asset Management Inctx reduced its stake in MET by selling 450 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 5,400 shares of MET which is valued at $233,010. Metlife Inc makes up approx 0.05% of Cypress Asset Management Inctx’s portfolio.Gofen Glossberg Il boosted its stake in MET in the latest quarter, The investment management firm added 2,381 additional shares and now holds a total of 407,387 shares of Metlife Inc which is valued at $16,491,026. Metlife Inc makes up approx 0.68% of Gofen Glossberg Il’s portfolio.Capstone Asset Management Co reduced its stake in MET by selling 3,533 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 102,883 shares of MET which is valued at $4,164,704. Metlife Inc makes up approx 0.12% of Capstone Asset Management Co’s portfolio.

Metlife Inc opened for trading at $41.42 and hit $41.77 on the upside on Monday, eventually ending the session at $41.46, with a gain of 0.78% or 0.32 points. The heightened volatility saw the trading volume jump to 84,14,079 shares. Company has a market cap of $45,551 M.

On the company’s financial health, Metlife Inc reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.52 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $1.35. The company had revenue of $16955.00 million for the quarter, compared to analysts expectations of $17201.68 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

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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