Capital Asset Advisory Services adds Metlife Inc (MET) to its portfolio

Metlife Inc (MET) : Capital Asset Advisory Services added new position in Metlife Inc during the most recent quarter end. The investment management firm now holds 8,984 shares of Metlife Inc which is valued at $427,459 , the company said in a statement filed on Oct 11, 2016 with the SEC.Metlife Inc makes up approximately 0.59% of Capital Asset Advisory Services’s portfolio.

Other Hedge Funds, Including , Ronna Sue Cohen boosted its stake in MET in the latest quarter, The investment management firm added 1,529 additional shares and now holds a total of 63,026 shares of Metlife Inc which is valued at $2,998,777. Metlife Inc makes up approx 2.27% of Ronna Sue Cohen’s portfolio.Central Bank Trust Co reduced its stake in MET by selling 912 shares or 50.95% in the most recent quarter. The Hedge Fund company now holds 878 shares of MET which is valued at $41,459. Metlife Inc makes up approx 0.01% of Central Bank Trust Co’s portfolio. Cardinal Capital Management added MET to its portfolio by purchasing 228 company shares during the most recent quarter which is valued at $10,486.New England Research Management boosted its stake in MET in the latest quarter, The investment management firm added 12,300 additional shares and now holds a total of 24,500 shares of Metlife Inc which is valued at $1,126,755. Metlife Inc makes up approx 0.95% of New England Research Management’s portfolio.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 closed down -0.27 points or -0.57% at $47.31 with 72,42,612 shares getting traded on Tuesday. Post opening the session at $47.72, the shares hit an intraday low of $47 and an intraday high of $48.045 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Metlife Inc was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. 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 .

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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