The New Board Of Directors Of Metlife Inc Holding in Metlife Inc
Board Of Directors Of Metlife Inc filed with the SEC SC 13D/A form for Metlife Inc. The form can be accessed here: 000119312516759029. As reported in Board Of Directors Of Metlife Inc’s form, the filler as of late owns 15% or 164,466,416 shares of the Finance–company.
Metlife Inc stake is a new one for the and it was filed because of activity on November 3, 2016. We feel this shows Board Of Directors Of Metlife Inc’s positive view for the stock.
Reasons Why Board Of Directors Of Metlife Inc Bought – Metlife Inc Stock
ITEM 4. PURPOSE OF TRANSACTION.
Under the Plan and the MetLife Policyholder Trust Agreement, dated as of November 3, 1999 (as amended, the “Trust Agreement”),by and among MetLife, the Issuer, Wilmington Trust Company (the “Trustee”) and ChaseMellon Shareholder Services, L.L.C., as custodian (now known as Computershare Inc., the “Custodian”), a copy of which is attached as an exhibitto this statement, certain eligible policyholders of MetLife (“Trust Eligible Policyholders”) have been allocated a number of interests in the Trust (“Trust Interests”) equal to the number of shares of Common Stock allocated tothe Trust Eligible Policyholders in accordance with the Plan. The assets of the Trust principally are the Shares issued to the Trust for the benefit of the Trust Eligible Policyholders and permitted transferees (collectively, the“Beneficiaries”). The Shares are held in the name of the Trustee, on behalf of the Trust, which has legal title over the Shares. The Beneficiaries do not have legal title to any part of the assets of the Trust. The Trust Interestsrepresent undivided fractional interests in the Shares and other assets of the Trust beneficially owned by a Trust Beneficiary through the Custodian.
|CUSIP No. 59156R108||Page 4 of 10 Pages|
A “Beneficiary Consent Matter” is:
|(i)||a contested election of directors or, subject to certain conditions, the removal of a director,|
|(ii)||a merger or consolidation, a sale, lease or exchange of all or substantially all of the assets or a recapitalization or dissolution of the Issuer, if it requires a voteof stockholders under applicable Delaware law,|
|(iii)||any transaction that would result in an exchange or conversion of the Shares for cash, securities or other property,|
|(iv)||issuances of Common Stock prior to the first anniversary of the effective date of the Plan (the “Effective Date”) at a price materially below the prevailingmarket price, if a vote is required to approve the issuance under Delaware law, other than issuances in an underwritten public offering or pursuant to an employee benefit plan,|
|(v)||before the first anniversary of the Effective Date, any matter that requires approval by a vote of more than a majority of the outstanding stock of the Issuer entitledto vote thereon under Delaware law or the certificate of incorporation or the by-laws of the Issuer, and any amendment to the certificate of incorporation or by-laws of the Issuer that is submitted to a vote of stockholders for approval, and|
|(vi)||proposals submitted to stockholders requiring the Board of Directors to amend the Issuer’s stockholder rights plan, or redeem rights under that plan, other than aproposal with respect to which the Issuer has received advice of nationally-recognized legal counsel to the effect that the proposal is not a proper subject for stockholder action under Delaware law. The Issuer does not currently have a stockholderrights plan.|
The Trust Agreement contains provisions enabling the Beneficiaries to withdraw the Sharesallocated to them under the Plan and the Trust Agreement for resale or otherwise and to receive dividends on such Shares.
|CUSIP No. 59156R108||Page 5 of 10 Pages|
Metlife Inc Institutional Sentiment
Latest Security and Exchange filings show 891 investors own Metlife Inc. The institutional ownership in Q3 2015 is extremely high, at 70.18% of the outstanding shares. This is decreased by 64701161 the total institutional shares. 771999625 were the shares owned by these institutional investors. In total 65 funds opened new Metlife Inc stakes, 390 increased stakes. There were 63 that closed positions and 335 reduced them.
37 managers had the stock in their top Ten. Notable investors are: Hgk Asset Management Inc, Southport Management L.L.C., Masters Capital Management Llc, Groesbeck Investment Management Corp Nj, Lumbard & Kellner Llc, Paradigm Asset Management Co Llc, Skba Capital Management Llc, Private Management Group Inc, Strategic Advisors Llc, Athena Global Investors Llc..
Berkshire Asset Management Llc is an institutional investor bullish on Metlife Inc, owning 6479 shares as of Q3 2015 for 0.05% of its portfolio. Aviance Capital Management Llc owns 6812 shares or 0.01% of its portfolio. TX Afam Capital Inc have 0.80% of their stock portfolio for 111521 shares. Further, Argent Capital Management Llc reported stake worth 0.63% of its US stock portfolio. The NJ Advisors Capital Management Llc owns 530803 shares. Metlife Inc is 2.74% of the manager’s US portfolio.
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; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). Its Retail segment is organized into two businesses: Life & Other, and Annuities. Its Group, Voluntary & Worksite Benefits insurance products and services include life, dental, group short- and long-term disability, property and casualty, long-term care, accidental death and dismemberment, critical illness, vision, and accident and health coverages, as well as prepaid legal plans. Its Corporate Benefit Funding segment provides funding and financing solutions that help institutional customers manage liabilities primarily associated with their qualified, nonqualified and welfare employee benefit programs using a spectrum of life and annuity-based insurance and investment products.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.01, from 1.03 in 2016Q1. The ratio increased, as 55 funds sold all Metlife Inc shares owned while 343 reduced positions. 81 funds bought stakes while 334 increased positions. They now own 797.11 million shares or 0.92% less from 804.49 million shares in 2016Q1.
Balasa Dinverno And Foltz Ltd accumulated 0.04% or 5,495 shares. Tiaa Cref Inv Llc last reported 7.39 million shares in the company. Ferguson Wellman Cap last reported 0.43% of its portfolio in the stock. Strs Ohio accumulated 2.30 million shares or 0.41% of the stock. Argent Capital Llc last reported 291,108 shares in the company. Afam Capital Incorporated last reported 107,865 shares in the company. Highstreet Asset Management owns 25,915 shares or 0.36% of their US portfolio. Cullen Cap Mngmt Ltd Liability Co holds 2.13% or 1.52M shares in its portfolio. Bp Public Limited Co has invested 0.06% of its portfolio in Metlife Inc (NYSE:MET). Stevens First Principles Inv Advsrs holds 460 shares or 0.01% of its portfolio. Moreover, Huntington Commercial Bank has 0.27% invested in Metlife Inc (NYSE:MET) for 215,208 shares. Amp Cap Limited accumulated 568,785 shares or 0.15% of the stock. Axa accumulated 0.05% or 282,676 shares. Nbt Fincl Bank N A Ny accumulated 13,809 shares or 0.1% of the stock. Klingenstein Fields And Ltd Liability Com reported 339,014 shares or 0.63% of all its holdings.
The stock increased 2.44% or $1.12 during the last trading session, hitting $47.06. About 8.48 million shares traded hands or 27.71% up from the average. Metlife Inc (NYSE:MET) has risen 3.99% since April 1, 2016 and is uptrending. It has outperformed by 2.78% the S&P500.
MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $51.03 billion. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). It has a 12.37 P/E ratio. The Company’s Retail segment is organized into two businesses: Life & Other, and Annuities.
Metlife Inc (NYSE:MET) Ratings Coverage
Out of 12 analysts covering MetLife (NYSE:MET), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. $65.0 is the highest target while $46 is the lowest. The $55 average target is 16.87% above today’s ($47.06) stock price. MetLife has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Raymond James upgraded the shares of MET in a report on Friday, January 22 to “Strong Buy” rating. The company was maintained on Friday, July 31 by Deutsche Bank. Citigroup downgraded Metlife Inc (NYSE:MET) on Tuesday, January 5 to “Neutral” rating. As per Friday, October 7, the company rating was initiated by Credit Suisse. The firm has “Outperform” rating by Wells Fargo given on Friday, September 23. The stock of Metlife Inc (NYSE:MET) earned “Hold” rating by Deutsche Bank on Wednesday, July 13. FBR Capital maintained the stock with “Outperform” rating in Monday, August 29 report. The stock of Metlife Inc (NYSE:MET) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 19. As per Monday, June 27, the company rating was upgraded by Sandler O’Neill. On Thursday, January 14 the stock rating was upgraded by Macquarie Research to “Outperform”.
More important recent Metlife Inc (NYSE:MET) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Astoria Financial, MetLife and Ameriprise Financial” on November 01, 2016, also Nasdaq.com published article titled: “MetLife Inc. Announces 100% Rise In Q3 Earnings”, Businesswire.com published: “MetLife Declares Fourth Quarter 2016 Common Stock Dividend” on October 25, 2016. More interesting news about Metlife Inc (NYSE:MET) was released by: Seekingalpha.com and their article: “Insurers surge following ‘Super Wednesday,” but AIG left out” with publication date: November 03, 2016.
According to Zacks Investment Research, “Metlife Inc. is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The company currently provides individual insurance, annuities and investment products. The company also provides group insurance and retirement and savings products and services to corporations and other institutions. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S.”
MET Company Profile
MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a well-known provider of life insurance, annuities, employee benefits and asset management. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLife’s Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
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