Metlife INC (MET) Share Price Declined While Jarislowsky Fraser LTD Decreased Stake by $3.94 Million

September 30, 2018 - By Matthew Richard

MetLife, Inc. (NYSE:MET) LogoInvestors sentiment increased to 0.89 in 2018 Q2. Its up 0.17, from 0.72 in 2018Q1. It increased, as 48 investors sold MET shares while 328 reduced holdings. 85 funds opened positions while 249 raised stakes. 751.98 million shares or 1.88% less from 766.37 million shares in 2018Q1 were reported. Farmers Tru Communications owns 69,069 shares. Shell Asset Mngmt holds 0.24% or 272,483 shares in its portfolio. Leavell Management has invested 0.04% in MetLife, Inc. (NYSE:MET). Zeke Advsr Lc stated it has 48,493 shares. Willingdon Wealth Mgmt stated it has 0.73% in MetLife, Inc. (NYSE:MET). Oregon Pub Employees Retirement Fund holds 0.19% or 300,893 shares. Credit Agricole S A holds 0.01% or 1,650 shares in its portfolio. Brown Brothers Harriman & Com invested in 0% or 14,625 shares. Royal Bank & Trust Of Canada reported 1.39 million shares stake. Envestnet Asset Inc stated it has 0.02% of its portfolio in MetLife, Inc. (NYSE:MET). Massachusetts Svcs Ma stated it has 0.46% in MetLife, Inc. (NYSE:MET). Manchester Cap Mngmt Limited Liability Company stated it has 2,017 shares. Tci Wealth Advsr accumulated 1,717 shares. Mackenzie Fincl stated it has 0% of its portfolio in MetLife, Inc. (NYSE:MET). Alpha Windward Limited Liability Corp owns 0.1% invested in MetLife, Inc. (NYSE:MET) for 3,637 shares.

Jarislowsky Fraser Ltd decreased its stake in Metlife Inc. (MET) by 9.73% based on its latest 2018Q2 regulatory filing with the SEC. Jarislowsky Fraser Ltd sold 91,660 shares as the company’s stock declined 4.45% while stock markets rallied. The institutional investor held 850,394 shares of the finance company at the end of 2018Q2, valued at $37.08M, down from 942,054 at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Metlife Inc. for a number of months, seems to be less bullish one the $46.48 billion market cap company. The stock decreased 0.38% or $0.18 during the last trading session, reaching $46.72. About 6.75 million shares traded or 36.81% up from the average. MetLife, Inc. (NYSE:MET) has declined 7.40% since September 30, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Jarislowsky Fraser Ltd, which manages about $33.95B and $16.73 billion US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 971,726 shares to 25.35 million shares, valued at $905.63M in 2018Q2, according to the filing. It also increased its holding in A by 2,982 shares in the quarter, for a total of 99,349 shares, and has risen its stake in Mondelez International Inc. (NASDAQ:MDLZ).

Analysts await MetLife, Inc. (NYSE:MET) to report earnings on November, 7. They expect $1.27 EPS, up 16.51 % or $0.18 from last year’s $1.09 per share. MET’s profit will be $1.26B for 9.20 P/E if the $1.27 EPS becomes a reality. After $1.30 actual EPS reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts -2.31 % negative EPS growth.

MetLife, Inc. (NYSE:MET) Ratings Coverage

Among 8 analysts covering MetLife (NYSE:MET), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. MetLife had 10 analyst reports since April 5, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, July 9 by Barclays Capital. Morgan Stanley maintained it with “Equal-Weight” rating and $56 target in Thursday, April 5 report. On Thursday, April 5 the stock rating was maintained by Sandler O’Neill with “Hold”. As per Friday, August 17, the company rating was maintained by Credit Suisse. The firm has “Equal-Weight” rating given on Wednesday, July 11 by Morgan Stanley. Goldman Sachs downgraded MetLife, Inc. (NYSE:MET) on Monday, June 4 to “Neutral” rating. Deutsche Bank maintained MetLife, Inc. (NYSE:MET) on Friday, May 4 with “Hold” rating. On Monday, July 16 the stock rating was maintained by FBR Capital with “Neutral”. The firm earned “Buy” rating on Wednesday, April 11 by Keefe Bruyette & Woods.

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

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