MetLife (MET) is Downgraded by Citigroup to Neutral

MetLife (MET) is Downgraded by Citigroup to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

MetLife, Inc. is up 2.37% in the last 3-month period. Year-to-Date the stock performance stands at -8.3%.The company shares have dropped -9.61% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $58.23 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $49.34 and the 200 Day Moving Average price is recorded at $51.39.

MetLife, Inc. (NYSE:MET) has lost 0.12% during the past week and dropped 5.6% in the last 4 weeks. The shares have outperformed the S&P 500 by 0.71% in the past week but underperformed the index by 3.39% in the last 4 weeks.

Shares of MetLife, Inc. (NYSE:MET) ended Thursday session in red amid volatile trading. The shares closed down 0.52 points or 1.07% at $48.21 with 4,116,433 shares getting traded. Post opening the session at $48.25, the shares hit an intraday low of $48.1 and an intraday high of $48.83 and the price vacillated in this range throughout the day. The company has a market cap of $53,592 million and the number of outstanding shares have been calculated to be 1,111,626,480 shares. The 52-week high of MetLife, Inc. (NYSE:MET) is $58.23 and the 52-week low is $44.485.

Currently the company Insiders own 0.29% of MetLife, Inc. shares according to the proxy statements. Institutional Investors own 75.81% of MetLife, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Metlife Inc, Sicchitano Kenton J sold 9,503 shares at $50.78 on December 2, 2015. The Insider selling transaction had a total value worth of $482,562. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. MetLife operates through six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; and Latin America (collectively, the Americas); Asia; and Europe, the Middle East and Africa (EMEA). Retail segment is engaged in selling a range of annuities and other insurance products. The Group, Voluntary & Worksite Benefits segment is engaged in insurance protection products and services to individuals and corporations, as well as other institutions and their respective employees. The Corporate Benefit Funding segment provides a range of annuity and investment products for corporates. The Company is involved in providing insurance products to individuals and institutions in the Latin American, Asia and EMEA markets. It also owns the Fairmont Hotel in Washington, D.C., which is located in the West End of the capital next to historic Georgetown.