Metlife Inc (MET) was Downgraded by FBR & Co. to ” Mkt Perform” and the brokerage firm has set the Price Target at $54. Earlier the firm had a rating of “Outperform ” on the company shares. FBR & Co. advised their investors in a research report released on Nov 28, 2016.
Many Wall Street Analysts have commented on Metlife Inc. FBR & Co. Downgraded Metlife Inc on Nov 28, 2016 to ” Mkt Perform”, Price Target of the shares are set at $54.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.
On the company’s financial health, Metlife Inc reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.18. The company had revenue of $17.72 million for the quarter, compared to analysts expectations of $17351.59 million. The company’s revenue was down -99.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.
Metlife Inc opened for trading at $55.21 and hit $55.45 on the upside on Friday, eventually ending the session at $55.45, with a gain of 0.18% or 0.1 points. The heightened volatility saw the trading volume jump to 23,07,669 shares. Company has a market cap of $60,947 M.
In a different news, on Nov 10, 2016, Frans Hijkoop (EVP & Chief HR Officer) sold 56,250 shares at $51.48 per share price. According to the SEC, on Nov 2, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,200 shares at $47.33 per share price. On Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 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 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.