Metlife Inc (MET) is Resumed by Wells Fargo to Outperform

Metlife Inc (MET) was Resumed by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Sep 23, 2016.

Many Wall Street Analysts have commented on Metlife Inc. Company shares were Reiterated by FBR Capital on Aug 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .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 .

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.

Metlife Inc closed down -0.1 points or -0.22% at $44.6 with 57,99,664 shares getting traded on Thursday. Post opening the session at $44.79, the shares hit an intraday low of $44.41 and an intraday high of $44.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 6, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,000 shares at $43.45 per share price. According to the SEC, on Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 per share price. On Jun 30, 2015, James M Kilts (director) sold 145 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Metlife Inc

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