Clearbridge Trimmed Metlife (MET) Position; ZURICH FINANCIAL SERVICES (ZFSVF) Shorts Decreased By 15.26%

January 13, 2018 - By Darrin Black

Clearbridge Llc decreased Metlife Inc (MET) stake by 4.4% reported in 2017Q3 SEC filing. Clearbridge Llc sold 79,764 shares as Metlife Inc (MET)’s stock declined 4.70%. The Clearbridge Llc holds 1.73M shares with $90.03 million value, down from 1.81M last quarter. Metlife Inc now has $56.12 billion valuation. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48 million shares traded or 28.20% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 13, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

ZURICH FINANCIAL SERVICES (OTCMKTS:ZFSVF) had a decrease of 15.26% in short interest. ZFSVF’s SI was 103,300 shares in January as released by FINRA. Its down 15.26% from 121,900 shares previously. With 300 avg volume, 344 days are for ZURICH FINANCIAL SERVICES (OTCMKTS:ZFSVF)’s short sellers to cover ZFSVF’s short positions. It closed at $320.7 lastly. It is down 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, North America, Latin America, and the Asia Pacific. The company has market cap of $48.62 billion. The firm operates through General Insurance, Global Life, Farmers, and Non-Core Businesses divisions. It has a 15.58 P/E ratio. It offers car, home, general liability, life and critical illness, and other insurance products; and saving and investment, and pension and retirement planning products.

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 has “Buy” rating by Deutsche Bank given on Monday, January 23. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10. The firm has “Equal-Weight” rating given on Wednesday, November 11 by Morgan Stanley. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 19. The stock of MetLife, Inc. (NYSE:MET) earned “Buy” rating by Wells Fargo on Wednesday, August 2. The rating was maintained by Argus Research with “Buy” on Wednesday, August 9. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5. The company was maintained on Monday, July 10 by Wells Fargo. Citigroup downgraded the shares of MET in report on Tuesday, January 5 to “Neutral” rating. The company was downgraded on Friday, December 9 by Standpoint Research.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It dropped, 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. Leavell Invest Mgmt Incorporated holds 0.06% in MetLife, Inc. (NYSE:MET) or 9,483 shares. Planning Corp owns 4,500 shares. Alps Advsrs invested in 0% or 9,041 shares. Cibc Retail Bank Usa invested in 0.12% or 17,481 shares. Covenant Multifamily Offices Ltd has invested 2.3% in MetLife, Inc. (NYSE:MET). Counselors holds 0.01% in MetLife, Inc. (NYSE:MET) or 5,561 shares. Riverhead Mgmt Llc holds 0.05% or 18,613 shares in its portfolio. 55,585 were accumulated by Westwood Holdg Grp Incorporated. Private Na owns 4,274 shares. Estabrook Management has invested 0% in MetLife, Inc. (NYSE:MET). Pennsylvania-based Philadelphia Tru has invested 0.14% in MetLife, Inc. (NYSE:MET). Teacher Retirement System Of Texas accumulated 0.17% or 547,514 shares. Bb&T Securities Ltd Company reported 200,476 shares. Hgk Asset Mngmt Incorporated holds 2.32% or 314,225 shares in its portfolio. Raymond James Tru Na invested in 68,335 shares.

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