As Alibaba Group Hldg LTD (BABA) Market Value Rose, Holder Meiji Yasuda Asset Management Company LTD Has Lifted Stake; As Metlife (MET) Stock Price Declined, Rnc Capital Management Lifted Holding by $18.39 Million

January 14, 2018 - By Michael Collier

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 $40.92M, 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 $56.12B market cap company. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48M shares traded or 27.99% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 14, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Meiji Yasuda Asset Management Company Ltd increased its stake in Alibaba Group Hldg Ltd (BABA) by 7.88% based on its latest 2017Q3 regulatory filing with the SEC. Meiji Yasuda Asset Management Company Ltd bought 3,170 shares as the company’s stock rose 22.58% with the market. The institutional investor held 43,410 shares of the business services company at the end of 2017Q3, valued at $7.50M, up from 40,240 at the end of the previous reported quarter. Meiji Yasuda Asset Management Company Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $481.84 billion market cap company. The stock decreased 0.51% or $0.96 during the last trading session, reaching $187.79. About 11.79 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 14, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Rnc Capital Management Llc, which manages about $4.08B and $1.33B US Long portfolio, decreased its stake in Pnc Financial Services Group (NYSE:PNC) by 4,440 shares to 12,288 shares, valued at $1.66M in 2017Q3, according to the filing. It also reduced its holding in Ishares Russell 1000 Growth Et (IWF) by 11,100 shares in the quarter, leaving it with 30,037 shares, and cut its stake in Microchip Technology Inc (NASDAQ:MCHP).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It dived, 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. Franklin Resource reported 25.64 million shares or 0.65% of all its holdings. Caprock Gp holds 13,100 shares. Illinois-based Oakbrook Investments Lc has invested 0.21% in MetLife, Inc. (NYSE:MET). 9,841 were accumulated by Advisory Service Network Lc. Kentucky Retirement Insur Tru Fund reported 28,569 shares. Hudson Valley Investment Advsr Adv invested in 0.19% or 14,093 shares. Fil reported 523,097 shares stake. Brown Advisory Inc reported 38,371 shares. Snow Mngmt Lp has 2.89% invested in MetLife, Inc. (NYSE:MET). Adage Capital Prns Group Llc stated it has 0.18% of its portfolio in MetLife, Inc. (NYSE:MET). Jacobs Levy Equity Management holds 0.02% of its portfolio in MetLife, Inc. (NYSE:MET) for 21,010 shares. Ledyard Financial Bank stated it has 0.08% in MetLife, Inc. (NYSE:MET). Private Wealth Advsrs Inc reported 0.48% in MetLife, Inc. (NYSE:MET). First Republic Investment Management Inc reported 86,528 shares stake. Cornerstone Advisors Inc owns 39,500 shares or 0.24% of their US portfolio.

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 46 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, September 5 by RBC Capital Markets. As per Wednesday, April 19, the company rating was maintained by Wells Fargo. The firm has “Outperform” rating given on Thursday, January 14 by Macquarie Research. The stock of MetLife, Inc. (NYSE:MET) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 19. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. As per Monday, October 9, the company rating was maintained by RBC Capital Markets. Citigroup downgraded the stock to “Neutral” rating in Tuesday, January 5 report. The rating was maintained by Wells Fargo on Friday, May 5 with “Buy”. As per Monday, June 5, the company rating was maintained by RBC Capital Markets.

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