Beacon Financial Group adds Metlife Inc (MET) to its portfolio

Metlife Inc (MET) : Beacon Financial Group added new position in Metlife Inc during the most recent quarter end. The investment management firm now holds 142,749 shares of Metlife Inc which is valued at $6,565,027 , the company said in a statement filed on Oct 3, 2016 with the SEC.Metlife Inc makes up approximately 1.38% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including , Harbour Capital Advisors reduced its stake in MET by selling 400 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 27,390 shares of MET which is valued at $1,259,666. Metlife Inc makes up approx 0.68% of Harbour Capital Advisors’s portfolio.

Metlife Inc opened for trading at $44.4 and hit $45.07 on the upside on Tuesday, eventually ending the session at $44.87, with a gain of 1.13% or 0.5 points. The heightened volatility saw the trading volume jump to 62,30,598 shares. Company has a market cap of $49,306 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. Metlife Inc was Resumed by Wells Fargo to “Outperform” on Sep 23, 2016. 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 .

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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