As Metlife INC (MET) Share Price Declined, Holder South Dakota Investment Council Has Decreased Its Holding by $12.14 Million

March 21, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It is 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. Catawba Cap Management Va reported 0.06% of its portfolio in MetLife, Inc. (NYSE:MET). Wolverine Asset Mgmt Ltd holds 0.02% or 34,992 shares in its portfolio. 43,753 are held by Liberty Mutual Group Asset. Bancorpsouth owns 90,379 shares or 0.46% of their US portfolio. Genesee Valley Tru invested in 25,885 shares. Strategy Asset Managers Llc reported 0.56% stake. Citadel Advisors invested in 0% or 17,325 shares. Peoples Fincl Service Corp invested 0.02% in MetLife, Inc. (NYSE:MET). Amer Century Cos reported 0.32% stake. Geode Cap Mgmt Lc invested in 0.2% or 10.33M shares. Schroder Inv Mgmt Grp holds 401,677 shares. Credit Suisse Ag holds 0.11% in MetLife, Inc. (NYSE:MET) or 2.24M shares. Sky Inv Grp Inc Inc Ltd Liability Corporation reported 17,112 shares or 0.36% of all its holdings. Dnb Asset Mngmt As accumulated 91,939 shares. Ckw Financial Gp stated it has 2,200 shares.

South Dakota Investment Council decreased its stake in Metlife Inc (MET) by 24.58% based on its latest 2017Q3 regulatory filing with the SEC. South Dakota Investment Council sold 238,070 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 730,319 shares of the finance company at the end of 2017Q3, valued at $37.94 million, down from 968,389 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Metlife Inc for a number of months, seems to be less bullish one the $49.24 billion market cap company. The stock increased 0.64% or $0.3 during the last trading session, reaching $47.5. About 1.57M shares traded. MetLife, Inc. (NYSE:MET) has risen 13.92% since March 21, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

South Dakota Investment Council, which manages about $4.94 billion US Long portfolio, upped its stake in Alaska Air Group Inc (NYSE:ALK) by 119,500 shares to 123,100 shares, valued at $9.39 million in 2017Q3, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 108,765 shares in the quarter, for a total of 232,125 shares, and has risen its stake in Peabody Energy Corp New.

Analysts await MetLife, Inc. (NYSE:MET) to report earnings on May, 2. They expect $1.18 EPS, down 19.18 % or $0.28 from last year’s $1.46 per share. MET’s profit will be $1.22B for 10.06 P/E if the $1.18 EPS becomes a reality. After $1.11 actual EPS reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 6.31 % EPS growth.

More important recent MetLife, Inc. (NYSE:MET) news were published by: which released: “MetLife Discloses Its Second Material Weakness This Year” on March 01, 2018, also published article titled: “AM Best Comments on Credit Ratings of MetLife, Inc. and Subsidiaries Following …”, published: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of MetLife, Inc …” on March 15, 2018. More interesting news about MetLife, Inc. (NYSE:MET) was released by: and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on …” with publication date: March 17, 2018.

MetLife, Inc. (NYSE:MET) Ratings Coverage

Among 17 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. MetLife had 51 analyst reports since July 31, 2015 according to SRatingsIntel. Argus Research maintained MetLife, Inc. (NYSE:MET) rating on Wednesday, August 9. Argus Research has “Buy” rating and $55 target. The firm earned “Neutral” rating on Friday, March 2 by UBS. The company was maintained on Tuesday, October 3 by Wells Fargo. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets. The rating was downgraded by Sandler O’Neill on Friday, November 10 to “Hold”. The firm has “Buy” rating by Deutsche Bank given on Monday, January 23. The firm has “Buy” rating by Sandler O’Neill given on Monday, June 27. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Overweight”. Citigroup downgraded the shares of MET in report on Tuesday, January 5 to “Neutral” rating. The company was downgraded on Friday, December 9 by Standpoint Research.

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