Metlife INC (MET) Shareholder Rnc Capital Management LLC Has Raised Its Holding by $18.39 Million

February 24, 2018 - By Adrian Erickson

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It worsened, 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. 420,437 are owned by Capital World Investors. Loomis Sayles & Limited Partnership stated it has 1.19M shares. Utah Retirement owns 166,027 shares for 0.19% of their portfolio. Westover Advisors Ltd Liability has invested 0.62% of its portfolio in MetLife, Inc. (NYSE:MET). Dalton Greiner Hartman Maher Com has 430,470 shares for 1.25% of their portfolio. American Registered Investment Advisor Inc holds 11,763 shares or 0.31% of its portfolio. Boston Common Asset Lc holds 0.19% of its portfolio in MetLife, Inc. (NYSE:MET) for 29,378 shares. Amer Group reported 125,000 shares. Obermeyer Wood Invest Counsel Lllp has invested 1.9% of its portfolio in MetLife, Inc. (NYSE:MET). Boston Private Wealth Ltd Liability Com reported 0.14% stake. King Luther Capital Mgmt invested in 0.19% or 428,393 shares. 66,400 are owned by Louisiana State Employees Retirement Systems. Moreover, Adirondack Rech Mngmt Inc has 0.25% invested in MetLife, Inc. (NYSE:MET) for 12,400 shares. Moreover, Carroll Financial Associate has 0.02% invested in MetLife, Inc. (NYSE:MET) for 2,879 shares. Pekin Singer Strauss Asset Mngmt Il holds 11,025 shares or 0.11% of its portfolio.

Rnc Capital Management Llc increased its stake in Metlife Inc (MET) by 84.44% based on its latest 2017Q3 regulatory filing with the SEC. Rnc Capital Management Llc bought 360,588 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 787,644 shares of the finance company at the end of 2017Q3, valued at $40.92 million, up from 427,056 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Metlife Inc for a number of months, seems to be bullish on the $49.51 billion market cap company. The stock increased 1.80% or $0.84 during the last trading session, reaching $47.47. About 4.34 million shares traded. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 24, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Rnc Capital Management Llc, which manages about $4.08 billion and $1.33 billion US Long portfolio, decreased its stake in Microchip Technology Inc (NASDAQ:MCHP) by 407,588 shares to 19,412 shares, valued at $1.74 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Curr Hed Msci Eafe Etf (HEFA) by 115,465 shares in the quarter, leaving it with 508,462 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

More notable recent MetLife, Inc. (NYSE:MET) news were published by: Reuters.com which released: “MetLife says pension failures go back 25 years, hurt fourth quarter profit” on February 13, 2018, also Marketwatch.com with their article: “MetLife shares lower as company misses EPS expectations” published on February 13, 2018, Bloomberg.com published: “MetLife Stumbles, Then It Uses Words Buffett Has Called ‘Ugly'” on January 30, 2018. More interesting news about MetLife, Inc. (NYSE:MET) were released by: Businesswire.com and their article: “METLIFE INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action …” published on February 20, 2018 as well as Seekingalpha.com‘s news article titled: “MetLife: Risk/Reward Is Skewed To The Upside” with publication date: February 09, 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 earned “Hold” rating on Friday, December 9 by Standpoint Research. The stock of MetLife, Inc. (NYSE:MET) has “Buy” rating given on Monday, July 10 by Wells Fargo. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 19. The firm has “Buy” rating by Wells Fargo given on Wednesday, April 19. On Tuesday, October 3 the stock rating was maintained by Wells Fargo with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Friday, August 11. Citigroup initiated the shares of MET in report on Thursday, January 26 with “Sell” rating. As per Wednesday, August 9, the company rating was maintained by Argus Research. The stock of MetLife, Inc. (NYSE:MET) has “Buy” rating given on Wednesday, August 2 by Wells Fargo. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods.

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