First Fiduciary Investment Counsel Has Increased Metlife (MET) Stake by $2.02 Million as Valuation Rose; Highfields Capital Management LP Lifted Its Position in Time Warner (TWX) as Stock Value Declined

June 21, 2018 - By Marguerite Chambers

MetLife, Inc. (NYSE:MET) Logo

Jonathon Jacobson increased its stake in Time Warner Inc (TWX) by 6.94% based on its latest 2018Q1 regulatory filing with the SEC. Highfields Capital Management Lp bought 804,869 shares as the company’s stock declined 1.16% with the market. The hedge fund run by Jonathon Jacobson held 12.41 million shares of the television services company at the end of 2018Q1, valued at $1.17B, up from 11.60M at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $77.27 billion market cap company. It closed at $98.77 lastly. It is down 5.23% since June 21, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 22/03/2018 – Time Warner Closes Below 50-Day Moving Average: Technicals; 26/03/2018 – Croatia’s media watchdog approves sale of Nova TV; 19/03/2018 – Will an AT&T-Time Warner Merger Diminish Competition? (Video); 26/03/2018 – Sling TV Chief: “There Would Be Severe Bleeding” From AT&T-Time Warner Deal; 21/04/2018 – AT&T chief quizzed in court over note on Time Warner deal; 20/03/2018 – Harvard Kennedy School Creates a Student Fellowship in Honor of Lisa Garcia Quiroz; 15/03/2018 – Investing.com: AT&T/Time Warner merger trial to be delayed two days; 22/03/2018 – DOJ Says Pay-TV Will Cost More If AT&T Buys Time Warner–Update; 18/04/2018 – AT&T Seen Having Edge Over U.S. in Court Battle for Time Warner; 30/05/2018 – STEPHENSON SAYS AT&T, TIME WARNER INC SAW U.S. JUSTICE DEPARTMENT ANTITRUST LAWSUIT COMING, WERE PREPARED TO LITIGATE

First Fiduciary Investment Counsel Inc increased its stake in Metlife (MET) by 14.19% based on its latest 2018Q1 regulatory filing with the SEC. First Fiduciary Investment Counsel Inc bought 44,848 shares as the company’s stock rose 0.25% while stock markets declined. The institutional investor held 360,998 shares of the finance company at the end of 2018Q1, valued at $16.57M, up from 316,150 at the end of the previous reported quarter. First Fiduciary Investment Counsel Inc who had been investing in Metlife for a number of months, seems to be bullish on the $46.42 billion market cap company. The stock decreased 0.28% or $0.13 during the last trading session, reaching $45.66. About 5.48M shares traded. MetLife, Inc. (NYSE:MET) has risen 4.50% since June 21, 2017 and is uptrending. It has underperformed by 8.07% the S&P500. Some Historical MET News: 02/05/2018 – MetLife 1Q Asia Total Adjusted Earnings Up 11%; 15/03/2018 – New York Post: WrestleMania is coming back to MetLife Stadium; 04/05/2018 – Moody’s withdraws General American Life’s Aa3 financial strength rating on merger into Metropolitan Tower Life; 16/04/2018 – Employers and Employees Embrace Automation but Fear Loss of Workplace Humanity; 18/04/2018 – MetLife Investment Management: Private Debt Origination Included $7.4B in Corporate Private Placement Transactions; 25/04/2018 – EXCLUSIVE-Trump’s bank watchdog bought financial stocks up until taking office; 02/05/2018 – MetLife 1Q Premiums, Fees, Other Rev $11.04B; 08/03/2018 – The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of MetLife, Inc. Shareholders and a Lead Plaintiff Deadl; 17/04/2018 – Collab Winners Are `Building a Long-Term Relationship’ with MetLife; 02/05/2018 – METLIFE 1Q ROE 9.0% VS 5.3% Y/Y

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.30, from 1.02 in 2017Q4. It is negative, as 101 investors sold MET shares while 352 reduced holdings. 79 funds opened positions while 247 raised stakes. 766.37 million shares or 2.12% less from 782.94 million shares in 2017Q4 were reported. Carret Asset Mngmt Limited Com accumulated 109,354 shares. Dorsey & Whitney Com Ltd holds 0.04% or 4,546 shares. South Dakota Inv Council reported 592,240 shares. Neumann Capital Limited Liability Corp reported 6,880 shares or 0.2% of all its holdings. Foothills Asset Management invested 1.37% in MetLife, Inc. (NYSE:MET). Wright Investors Ser invested 0.59% of its portfolio in MetLife, Inc. (NYSE:MET). Caisse De Depot Et Placement Du Quebec owns 2.43 million shares. Bluefin Trading Lc has invested 0.02% in MetLife, Inc. (NYSE:MET). Louisiana State Employees Retirement Systems reported 63,300 shares or 0.13% of all its holdings. Sandy Spring Retail Bank holds 5,153 shares or 0.02% of its portfolio. Amundi Pioneer Asset Management holds 0.03% in MetLife, Inc. (NYSE:MET) or 424,094 shares. Valley Advisers reported 1,417 shares or 0.02% of all its holdings. Pennsylvania holds 0.05% or 25,462 shares in its portfolio. Godshalk Welsh Cap Management Inc accumulated 14,850 shares. Janney Montgomery Scott Ltd holds 0.39% of its portfolio in MetLife, Inc. (NYSE:MET) for 835,118 shares.

More news for MetLife, Inc. (NYSE:MET) were recently published by: Seekingalpha.com, which released: “MetLife: This 5.625% Preferred Stock Has Begun Trading On The NYSE” on June 09, 2018. Globenewswire.com‘s article titled: “Lawsuit for Investors in NYSE: MET shares against MetLife announced by Shareholders Foundation” and published on May 30, 2018 is yet another important article.

Among 19 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. MetLife had 59 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 5. The firm has “Buy” rating given on Monday, October 9 by RBC Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, February 14. The firm earned “Buy” rating on Thursday, March 15 by Wells Fargo. FBR Capital maintained the stock with “Outperform” rating in Monday, August 29 report. On Thursday, January 26 the stock rating was initiated by Citigroup with “Sell”. The firm has “Buy” rating given on Monday, July 10 by Wells Fargo. The company was maintained on Monday, November 6 by Argus Research. The firm has “Hold” rating given on Monday, July 24 by J.P. Morgan. RBC Capital Markets maintained MetLife, Inc. (NYSE:MET) rating on Tuesday, January 19. RBC Capital Markets has “Outperform” rating and $65.0 target.

First Fiduciary Investment Counsel Inc, which manages about $469.31M and $503.35M US Long portfolio, decreased its stake in 21St Century Fox Cl A (NASDAQ:FOXA) by 12,242 shares to 375,984 shares, valued at $13.80M in 2018Q1, according to the filing. It also reduced its holding in 3M Company (NYSE:MMM) by 2,562 shares in the quarter, leaving it with 85,878 shares, and cut its stake in Jp Morgan Chase (NYSE:JPM).

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “Why I Am Acquiring More AT&T” on June 19, 2018, also Seekingalpha.com with their article: “AT&T’s 70% Short-Term Trading Opportunity” published on June 15, 2018, Seekingalpha.com published: “AT&T: Forget Time Warner, The Pipes Are Valuable Enough” on June 06, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Seekingalpha.com and their article: “AT&T/TWX closing details: stock/cash split, expected synergies” published on June 15, 2018 as well as Benzinga.com‘s news article titled: “AMC Networks Is ‘Amazing’ For The Wrong Reason, Bernstein Says In Downgrade” with publication date: June 21, 2018.

Investors sentiment increased to 0.98 in 2018 Q1. Its up 0.07, from 0.91 in 2017Q4. It increased, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Alphaone Investment Serv Lc owns 2,808 shares. Asset Advsr Corporation reported 0.01% in Time Warner Inc. (NYSE:TWX). Community Fincl Bank Na, New York-based fund reported 138 shares. Penbrook Ltd Llc holds 12,702 shares. Oakbrook Invests Limited Liability stated it has 0.17% of its portfolio in Time Warner Inc. (NYSE:TWX). Ballentine Prtn Lc reported 3,826 shares or 0.02% of all its holdings. Chemical National Bank stated it has 0.15% of its portfolio in Time Warner Inc. (NYSE:TWX). Dorsey And Whitney Co Ltd Company holds 0.14% of its portfolio in Time Warner Inc. (NYSE:TWX) for 8,098 shares. Omers Administration Corp has invested 0.3% in Time Warner Inc. (NYSE:TWX). Independent Franchise Prtn Ltd Liability Partnership has invested 7.15% in Time Warner Inc. (NYSE:TWX). Fjarde Ap reported 223,987 shares. Synovus Corp invested 0.02% of its portfolio in Time Warner Inc. (NYSE:TWX). Raymond James Financial Services Advsrs holds 526,990 shares or 0.29% of its portfolio. Hanson Mcclain Inc accumulated 0% or 264 shares. 408 are owned by Delta Asset Mngmt Limited Company Tn.

Highfields Capital Management Lp, which manages about $22.71B and $11.05 billion US Long portfolio, decreased its stake in Marriott Intl Inc New (NASDAQ:MAR) by 3.07 million shares to 1.94 million shares, valued at $263.21 million in 2018Q1, according to the filing. It also reduced its holding in Hyatt Hotels Corp (NYSE:H) by 1.74 million shares in the quarter, leaving it with 797,688 shares, and cut its stake in Invesco Ltd (NYSE:IVZ).

Since February 5, 2018, it had 0 buys, and 2 insider sales for $766,866 activity. WRIGHT DEBORAH C sold $376,219 worth of stock.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 26 Hold. Therefore 37% are positive. Time Warner Inc. had 129 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse downgraded Time Warner Inc. (NYSE:TWX) on Monday, October 24 to “Neutral” rating. The rating was maintained by Barclays Capital on Friday, February 2 with “Overweight”. FBR Capital downgraded the shares of TWX in report on Tuesday, July 26 to “Market Perform” rating. The firm earned “Hold” rating on Monday, October 16 by BMO Capital Markets. Albert Fried initiated Time Warner Inc. (NYSE:TWX) on Thursday, January 21 with “” rating. The stock of Time Warner Inc. (NYSE:TWX) earned “Equal-Weight” rating by Barclays Capital on Friday, August 14. The firm has “Market Perform” rating by Cowen & Co given on Monday, August 24. The stock has “Hold” rating by Wells Fargo on Thursday, January 4. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Jefferies on Thursday, August 4. The company was upgraded on Monday, November 13 by Rosenblatt.

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

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