Metlife Inc (MET) : Skba Capital Management reduced its stake in Metlife Inc by 0.6% during the most recent quarter end. The investment management company now holds a total of 631,580 shares of Metlife Inc which is valued at $25,111,621 after selling 3,800 shares in Metlife Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Metlife Inc makes up approximately 2.37% of Skba Capital Management’s portfolio.
Other Hedge Funds, Including , Matrix Asset Advisors Incny boosted its stake in MET in the latest quarter, The investment management firm added 9,592 additional shares and now holds a total of 403,195 shares of Metlife Inc which is valued at $17,619,622. Metlife Inc makes up approx 3.28% of Matrix Asset Advisors Incny’s portfolio. Hudson Canyon Investment Counselors sold out all of its stake in MET during the most recent quarter. The investment firm sold 28,089 shares of MET which is valued $1,212,883.Dowling Yahnke boosted its stake in MET in the latest quarter, The investment management firm added 3,255 additional shares and now holds a total of 53,694 shares of Metlife Inc which is valued at $2,322,802. Metlife Inc makes up approx 0.27% of Dowling Yahnke’s portfolio.
Metlife Inc closed down -0.02 points or -0.05% at $40.45 with 57,96,964 shares getting traded on Friday. Post opening the session at $40.12, the shares hit an intraday low of $40.065 and an intraday high of $40.685 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 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.