Private Management Group Inc Lowers stake in Metlife Inc (MET)

Metlife Inc (MET) : Private Management Group Inc reduced its stake in Metlife Inc by 0.23% during the most recent quarter end. The investment management company now holds a total of 939,605 shares of Metlife Inc which is valued at $37,358,695 after selling 2,141 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Metlife Inc makes up approximately 2.40% of Private Management Group Inc’s portfolio.

Other Hedge Funds, Including , Md Sass Investors Services Inc reduced its stake in MET by selling 39,695 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 1,165,050 shares of MET which is valued at $46,322,388. Metlife Inc makes up approx 2.36% of Md Sass Investors Services Inc’s portfolio. Lmr Partners Llp sold out all of its stake in MET during the most recent quarter. The investment firm sold 13,877 shares of MET which is valued $593,103.Balasa Dinverno Foltz reduced its stake in MET by selling 116 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 5,495 shares of MET which is valued at $236,780. Metlife Inc makes up approx 0.04% of Balasa Dinverno Foltz’s portfolio.Gateway Investment Advisers reduced its stake in MET by selling 1,265 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 86,553 shares of MET which is valued at $3,503,665. Metlife Inc makes up approx 0.03% of Gateway Investment Advisers’s portfolio.

Metlife Inc opened for trading at $40.5 and hit $40.855 on the upside on Tuesday, eventually ending the session at $40.59, with a gain of 0.72% or 0.29 points. The heightened volatility saw the trading volume jump to 47,65,822 shares. Company has a market cap of $44,603 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 .

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.

Leave a Reply

Metlife Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Metlife Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.