Metlife Inc (MET) : Jolley Asset Management scooped up 4,670 additional shares in Metlife Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 74,156 shares of Metlife Inc which is valued at $3,477,175.Metlife Inc makes up approximately 2.86% of Jolley Asset Management’s portfolio.
Other Hedge Funds, Including , Banced Corp boosted its stake in MET in the latest quarter, The investment management firm added 1,874 additional shares and now holds a total of 8,648 shares of Metlife Inc which is valued at $409,137. Metlife Inc makes up approx 0.81% of Banced Corp’s portfolio.British Columbia Investment Management Corp reduced its stake in MET by selling 61,454 shares or 17.55% in the most recent quarter. The Hedge Fund company now holds 288,641 shares of MET which is valued at $13,655,606. Metlife Inc makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio.Indiana Trust Investment Management Co boosted its stake in MET in the latest quarter, The investment management firm added 149 additional shares and now holds a total of 34,169 shares of Metlife Inc which is valued at $1,571,432. Metlife Inc makes up approx 0.82% of Indiana Trust Investment Management Co’s portfolio. Lvm Capital Management Ltdmi sold out all of its stake in MET during the most recent quarter. The investment firm sold 14,800 shares of MET which is valued $680,652.
Metlife Inc opened for trading at $47.33 and hit $47.65 on the upside on Friday, eventually ending the session at $46.89, with a gain of 0.45% or 0.21 points. The heightened volatility saw the trading volume jump to 78,48,618 shares. Company has a market cap of $51,526 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 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 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.