Suffolk Capital Management LLC Increased Stake in Metlife INC (MET) by $6.63 Million; Shares Rose

June 27, 2018 - By Daniel Cummings

MetLife, Inc. (NYSE:MET) Corporate LogoBig Money Sentiment decreased to 0.72 in 2018 Q1. It has change of 0.30, from 2017Q4’s 1.02. The ratio worsened due to MET positioning: 101 sold and 352 reduced. 79 funds took positions and 247 increased positions. Investors holded 782.94 million in 2017Q4 but now own 766.37 million shares or 2.12% less. Moreover, Lpl Fincl Limited Company has 0.02% invested in MetLife, Inc. (NYSE:MET) for 190,271 shs. Westpac invested in 120,035 shs. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 155,542 shs. Dreman Value L L C has invested 0.63% in MetLife, Inc. (NYSE:MET). 11,597 were accumulated by Fiduciary Tru. Diligent Investors Limited Liability Company has 0.59% invested in MetLife, Inc. (NYSE:MET). Lazard Asset Mgmt Ltd Llc has 0.02% invested in MetLife, Inc. (NYSE:MET). 66,230 were accumulated by First National Trust. The Georgia-based Narwhal Capital Mgmt has invested 0.39% in MetLife, Inc. (NYSE:MET). 178,203 were accumulated by Fort Washington Investment Inc Oh. 19,250 are owned by Birmingham Capital Management Incorporated Al. First Republic Inv Mngmt reported 73,551 shs stake. Loudon Invest Mgmt Ltd owns 6,146 shs. Parkside Bank & Trust & reported 0.15% stake. Moreover, Lumbard & Kellner Ltd has 3.74% invested in MetLife, Inc. (NYSE:MET) for 142,383 shs.

The stake In Metlife Inc. (MET) was rose held by Suffolk Capital Management Llc. According to 2018Q1 Securities and Exchange filling the reduction is 2707.26%. The company’s stock rose 0.25% while stock markets declined as Suffolk Capital Management Llc bought 147,302 shares. At the end of 2018Q1, the institutional investor held 152,743 shares of the finance company, priced at $7.01 million, up from 5,441 at the end of the previous reported quarter. $45.74 billion is Metlife Inc.’s market cap. The stock decreased 0.44% or $0.2 during the last trading session, hitting $45.Currently MetLife, Inc. is uptrending after 4.50% change in last June 27, 2017. MET has also 4.93 million shares volume. The stock underperformed the S&P 500 by 8.07%.

Suffolk Capital Management Llc operates about $1.92 billion and $705.99M US Long portfolio. Its stake in Fedex Corp (NYSE:FDX) was decreased by 44,328 shares to 27,368 shares valued at $6.57M in 2018Q1, according to the filing. For a total of 22,993 shares it reduced its holding in Amazon.Com Inc. (NASDAQ:AMZN) by 3,358 shares in the quarter, and has cut its stake in Mcdonald’s Corp (NYSE:MCD).

More recent MetLife, Inc. (NYSE:MET) news were brought out by Globenewswire.com, Seekingalpha.com and Seekingalpha.com. The first one has “Lawsuit for Investors in NYSE: MET shares against MetLife announced by Shareholders Foundation” as a title and was brought out on May 30, 2018. The next is “Future Prospects Brighter For Brighthouse Financial” on June 27, 2018. And last was brought out on June 09, 2018, called “MetLife: This 5.625% Preferred Stock Has Begun Trading On The NYSE”.

MetLife, Inc. (NYSE:MET) Ratings Coverage

In total 10 analysts cover MetLife (NYSE:MET). “Buy” rating has 4, “Sell” are 0, while 6 are “Hold”. (NYSE:MET) has 40% bullish analysts. With $67 highest and $4700 lowest PT, MetLife has $55 average PT or 22.22% above the current ($45) price. 13 are the (NYSE:MET)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. The company rating was maintained by Keefe Bruyette & Woods on Wednesday, April 11. On Wednesday, February 14 the company was maintained by Morgan Stanley. On Thursday, February 15 Sandler O’Neill maintained the shares of MET in report with “Hold” rating. On Friday, March 2 the rating was maintained by UBS with “Neutral”. On Thursday, April 5 Morgan Stanley maintained MetLife, Inc. (NYSE:MET) rating. Morgan Stanley has “Equal-Weight” rating and $56 target. On Monday, June 4 the rating was downgraded by Goldman Sachs to “Neutral”. In Monday, March 26 report Bank of America initiated the stock with “Hold” rating. On Tuesday, January 30 the stock has “Outperform” rating by Wells Fargo. On Friday, May 4 Deutsche Bank maintained MetLife, Inc. (NYSE:MET) with “Hold” rating. In Thursday, April 5 report Sandler O’Neill maintained it with “Hold” rating and $4700 target.

MetLife, Inc. (NYSE:MET) Institutional Investors Chart

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