Metlife Inc (NYSE:MET) Quarterly Sentiment Change Report

September 30, 2018 - By Robert Shackelford

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Sentiment for Metlife Inc (NYSE:MET)

Metlife Inc (NYSE:MET) institutional sentiment increased to 0.89 in 2018 Q2. Its up 0.17, from 0.72 in 2018Q1. The ratio has increased, as 334 investment managers opened new or increased positions, while 376 cut down and sold equity positions in Metlife Inc. The investment managers in our partner’s database now have: 751.98 million shares, down from 766.37 million shares in 2018Q1. Also, the number of investment managers holding Metlife Inc in their top 10 positions decreased from 12 to 5 for a decrease of 7. Sold All: 48 Reduced: 328 Increased: 249 New Position: 85.

MetLife, Inc., through its subsidiaries, provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. The company has market cap of $46.48 billion. It operates in six divisions: U.S.; Asia; Latin America; Europe, the Middle East, and Africa; MetLife Holdings; and Brighthouse Financial. It has a 11.54 P/E ratio. The firm offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, and critical illness insurance products; vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only and private floating rate funding agreements; and account guaranteed, separate account guaranteed, and trust guaranteed interest contracts.

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.

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.

Poplar Forest Capital Llc holds 3.75% of its portfolio in MetLife, Inc. for 1.03 million shares. Lumbard & Kellner Llc owns 143,248 shares or 3.65% of their US portfolio. Moreover, Nuance Investments Llc has 3.13% invested in the company for 1.10 million shares. The California-based Blume Capital Management Inc. has invested 3.06% in the stock. Matrix Asset Advisors Inc Ny, a New York-based fund reported 420,463 shares.

MetLife, Inc. (NYSE:MET) Ratings Coverage

Ratings analysis reveals 38% of MetLife’s analysts are positive. Out of 8 Wall Street analysts rating MetLife, 3 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $4700 while the high is $67. The stock’s average target of $54.13 is 15.86% above today’s ($46.72) share price. MET was included in 10 notes of analysts from April 5, 2018. Barclays Capital maintained the stock with “Overweight” rating in Monday, July 9 report. As per Monday, July 16, the company rating was maintained by FBR Capital. The rating was maintained by Credit Suisse on Friday, August 17 with “Outperform”. Keefe Bruyette & Woods maintained the shares of MET in report on Wednesday, April 11 with “Buy” rating. Morgan Stanley maintained MetLife, Inc. (NYSE:MET) rating on Wednesday, July 11. Morgan Stanley has “Equal-Weight” rating and $52 target. The firm earned “Hold” rating on Thursday, April 5 by Sandler O’Neill. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, April 5. On Friday, May 4 the stock rating was maintained by Deutsche Bank with “Hold”. Goldman Sachs downgraded MetLife, Inc. (NYSE:MET) on Monday, June 4 to “Neutral” rating.

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

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