Zacks Investment Management Upped Metlife INC (MET) Holding by $14.54 Million

February 21, 2018 - By Darrin Black

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.05, from 0.94 in 2017Q2. It turned negative, as 61 investors sold MET shares while 336 reduced holdings. 65 funds opened positions while 289 raised stakes. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. Edgar Lomax Va reported 160,806 shares. Moreover, Nomura Asset Mngmt Limited has 0.12% invested in MetLife, Inc. (NYSE:MET) for 177,378 shares. Cls Llc stated it has 0.01% in MetLife, Inc. (NYSE:MET). Crawford Investment Counsel reported 1.72% of its portfolio in MetLife, Inc. (NYSE:MET). Hussman Strategic Advisors accumulated 76,100 shares. Regent Mngmt Ltd Limited Liability Company holds 20,181 shares or 0.35% of its portfolio. Guggenheim Cap Ltd Llc accumulated 1.23M shares. Seabridge Advisors Ltd Liability Corp holds 400 shares or 0% of its portfolio. Catawba Cap Va has 0.06% invested in MetLife, Inc. (NYSE:MET). Arga Management Lp owns 80,575 shares. Deprince Race And Zollo accumulated 0.52% or 442,380 shares. Guardian Cap Advsrs LP reported 3,945 shares stake. Tiedemann Wealth Management Limited Liability Co holds 26,359 shares. Jfs Wealth Advsrs Ltd Liability holds 200 shares. Webster Natl Bank N A reported 8,349 shares stake.

Zacks Investment Management increased its stake in Metlife Inc (MET) by 59.51% based on its latest 2017Q3 regulatory filing with the SEC. Zacks Investment Management bought 285,192 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 764,455 shares of the finance company at the end of 2017Q3, valued at $39.71 million, up from 479,263 at the end of the previous reported quarter. Zacks Investment Management who had been investing in Metlife Inc for a number of months, seems to be bullish on the $49.45 billion market cap company. The stock increased 1.12% or $0.53 during the last trading session, reaching $47.42. About 2.24 million shares traded. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 21, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Zacks Investment Management, which manages about $3.45 billion and $4.27 billion US Long portfolio, decreased its stake in Yum Brands Inc (NYSE:YUM) by 51,926 shares to 16,263 shares, valued at $1.20 million in 2017Q3, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 49,309 shares in the quarter, leaving it with 41,984 shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).

More notable recent MetLife, Inc. (NYSE:MET) news were published by: Bloomberg.com which released: “MetLife Stumbles, Then It Uses Words Buffett Has Called ‘Ugly'” on January 30, 2018, also Reuters.com with their article: “MetLife says pension failures go back 25 years, hurt fourth quarter profit” published on February 13, 2018, Businesswire.com published: “EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of MetLife, Inc. of …” on February 20, 2018. More interesting news about MetLife, Inc. (NYSE:MET) were released by: Investorplace.com and their article: “MetLife Inc Stock Earnings Calm Investor Nerves — For Now” published on February 15, 2018 as well as Marketwatch.com‘s news article titled: “MetLife shares lower as company misses EPS expectations” with publication date: February 13, 2018.

MetLife, Inc. (NYSE:MET) Ratings Coverage

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 49 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, February 14 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, April 19 by Wells Fargo. As per Tuesday, January 5, the company rating was downgraded by Citigroup. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, November 13. The stock of MetLife, Inc. (NYSE:MET) has “Buy” rating given on Wednesday, August 9 by Argus Research. The stock of MetLife, Inc. (NYSE:MET) has “Mkt Perform” rating given on Monday, November 28 by FBR Capital. RBC Capital Markets maintained MetLife, Inc. (NYSE:MET) rating on Monday, June 5. RBC Capital Markets has “Buy” rating and $6200 target. The rating was maintained by RBC Capital Markets with “Buy” on Friday, November 3. Wells Fargo reinitiated the shares of MET in report on Friday, September 23 with “Outperform” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $55 target in Thursday, October 5 report.

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