Kinross Gold (KGC) Stake Has Raised by Altrinsic Global Advisors Llc; Carret Asset Management Decreased Its Metlife (MET) Position by $314,910

June 15, 2018 - By Louis Casey

MetLife, Inc. (NYSE:MET) Logo

Carret Asset Management Llc decreased its stake in Metlife (MET) by 6.01% based on its latest 2018Q1 regulatory filing with the SEC. Carret Asset Management Llc sold 6,998 shares as the company’s stock rose 0.25% while stock markets declined. The institutional investor held 109,354 shares of the finance company at the end of 2018Q1, valued at $5.02 million, down from 116,352 at the end of the previous reported quarter. Carret Asset Management Llc who had been investing in Metlife for a number of months, seems to be less bullish one the $47.54 billion market cap company. The stock decreased 0.49% or $0.23 during the last trading session, reaching $46.77. About 6.14 million shares traded or 13.58% up from the average. MetLife, Inc. (NYSE:MET) has risen 4.50% since June 15, 2017 and is uptrending. It has underperformed by 8.07% the S&P500. Some Historical MET News: 29/03/2018 – April 6th Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against MetLife, Inc. (MET); 17/04/2018 – Collab Winners Are `Building a Long-Term Relationship’ with MetLife; 30/03/2018 – MetLife Partners With China Net Giant Tencent’s WeSure — MarketWatch; 02/04/2018 – TBWA’s Lee Clow, Author Seth Godin and MetLife’s Esther Lee Inducted Into American Marketing Association New York Marketing; 08/05/2018 – FEDEX CORP – FOLLOWING ANNUITY PURCHASE AND TRANSFER, PENSION PLANS WILL REMAIN WELL FUNDED; 24/04/2018 – MetLife Raises Dividend By 5% To 42 Cents A Share — MarketWatch; 16/05/2018 – MetLife: Board Approved McCallion’s Salary Increase in Connection With Him Becoming CFO, Effective May 10; 15/03/2018 – MetLife Recognized as a Top Company for Female Executives; 22/05/2018 – MetLife Announces New $1.5 Billion Share Repurchase Authorization; 01/05/2018 – METLIFE INVESTMENT CHIEF COMMENTS ON ASSET-MANAGER OPPORTUNITY

Altrinsic Global Advisors Llc increased its stake in Kinross Gold Corp (KGC) by 2.42% based on its latest 2018Q1 regulatory filing with the SEC. Altrinsic Global Advisors Llc bought 475,092 shares as the company’s stock declined 0.28% with the market. The institutional investor held 20.12 million shares of the precious metals company at the end of 2018Q1, valued at $79.43M, up from 19.64 million at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $4.77 billion market cap company. The stock increased 1.88% or $0.07 during the last trading session, reaching $3.79. About 5.81 million shares traded. Kinross Gold Corporation (NYSE:KGC) has declined 14.29% since June 15, 2017 and is downtrending. It has underperformed by 26.86% the S&P500. Some Historical KGC News: 09/05/2018 – Kinross Reels as Two More African Nations Seek Mining Payoffs; 16/05/2018 – KINROSS SLOWING TASIAST PHASE 2 SPEND AMID MAURITANIA TALKS; 09/04/2018 – KINROSS RUSSIA OPS REMAIN UNAFFECTED BY U.S. SANCTIONS; 26/03/2018 – GERDAU GETS BRAZIL REGULATOR APPROVAL TO SELL PLANTS TO KINROSS; 08/05/2018 – KINROSS GOLD CORP K.TO – TOTAL CAPITAL EXPENDITURES ARE FORECAST TO BE APPROXIMATELY $1,075 MLN FOR YEAR; 08/05/2018 – Kinross Gold 1Q Net $106.1M; 26/03/2018 – SEC: Kinross Gold Awarded Lucrative Logistics Contract to Company Preferred by Mauritanian Officials; 22/03/2018 – S&P REVISES KINROSS GOLD CORP. TO RATING ‘BBB-‘ FROM ‘BB+’; 26/03/2018 – SEC Fines Kinross Gold Over FCPA Violations — MarketWatch; 26/03/2018 – SEC: Kinross Gold Acquired African Subsidiaries Lacking Anticorruption Compliance Programs, Internal Accounting Controls

More recent Kinross Gold Corporation (NYSE:KGC) news were published by: Gurufocus.com which released: “Kinross Gold Proceeds at Fort Knox with Gilmore” on June 14, 2018. Also Fool.ca published the news titled: “Should You Buy-Low on Gold and Silver Equities Today?” on June 13, 2018. Fool.com‘s news article titled: “3 of the Cheapest Gold Stocks to Consider Buying Right Now” with publication date: June 12, 2018 was also an interesting one.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.48 billion US Long portfolio, decreased its stake in Xl Group Ltd by 1.44 million shares to 2.62 million shares, valued at $144.85 million in 2018Q1, according to the filing. It also reduced its holding in Chubb Limited by 58,879 shares in the quarter, leaving it with 1.42 million shares, and cut its stake in Intercontinental Exchange In (NYSE:ICE).

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Kinross Gold Corporation had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Kinross Gold Corporation (NYSE:KGC) earned “Buy” rating by TD Securities on Thursday, March 31. The rating was downgraded by UBS on Thursday, February 25 to “Neutral”. The stock has “Outperform” rating by Raymond James on Thursday, June 15. The firm earned “Hold” rating on Wednesday, April 11 by Deutsche Bank. Jefferies maintained Kinross Gold Corporation (NYSE:KGC) rating on Tuesday, August 15. Jefferies has “Hold” rating and $3.75 target. As per Tuesday, June 20, the company rating was maintained by Jefferies. BMO Capital Markets upgraded Kinross Gold Corporation (NYSE:KGC) on Monday, February 8 to “Outperform” rating. RBC Capital Markets upgraded it to “Outperform” rating and $4.75 target in Monday, April 11 report. Goldman Sachs upgraded Kinross Gold Corporation (NYSE:KGC) on Wednesday, May 11 to “Neutral” rating. On Friday, April 28 the stock rating was maintained by Credit Suisse with “Hold”.

Investors sentiment decreased to 0.72 in 2018 Q1. Its down 0.30, from 1.02 in 2017Q4. It turned 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. Genesee Valley Tru holds 23,994 shares. Parsons Inc Ri has 0.1% invested in MetLife, Inc. (NYSE:MET) for 17,921 shares. Lodestar Inv Counsel Ltd Liability Corporation Il reported 373,750 shares. Burns J W Incorporated New York, a New York-based fund reported 28,334 shares. Boston Private Wealth Ltd accumulated 19,724 shares. Synovus Finance holds 0% or 6,140 shares in its portfolio. Apg Asset Mgmt Nv holds 240,251 shares. Cutler Lc invested in 155,978 shares or 2.9% of the stock. Greenleaf Tru invested 0.01% in MetLife, Inc. (NYSE:MET). Banced Corporation invested in 7,779 shares or 0.63% of the stock. Georgia-based Invesco has invested 0.14% in MetLife, Inc. (NYSE:MET). Kentucky Retirement stated it has 0.21% of its portfolio in MetLife, Inc. (NYSE:MET). Argi Investment Services Ltd Liability Corp has 0.06% invested in MetLife, Inc. (NYSE:MET) for 21,262 shares. Capital Mngmt Associate reported 13,200 shares stake. Moreover, First Republic Inv Mngmt Incorporated has 0.03% invested in MetLife, Inc. (NYSE:MET).

More notable recent MetLife, Inc. (NYSE:MET) news were published by: Seekingalpha.com which released: “Brighthouse Financial announces secondary stock offering” on June 12, 2018, also Globenewswire.com with their article: “Lawsuit for Investors in NYSE: MET shares against MetLife announced by Shareholders Foundation” published on May 30, 2018, Seekingalpha.com published: “MetLife: A Well-Known Name At A Value Price” on June 12, 2018. More interesting news about MetLife, Inc. (NYSE:MET) were released by: Benzinga.com and their article: “Goldman’s Insurance Pair Trade: Prudential Financial Upgraded, Metlife Downgraded” published on June 04, 2018 as well as Seekingalpha.com‘s news article titled: “MetLife: This 5.625% Preferred Stock Has Begun Trading On The NYSE” with publication date: June 09, 2018.

Analysts await MetLife, Inc. (NYSE:MET) to report earnings on August, 1. They expect $1.18 earnings per share, down 9.23% or $0.12 from last year’s $1.3 per share. MET’s profit will be $1.20 billion for 9.91 P/E if the $1.18 EPS becomes a reality. After $1.36 actual earnings per share reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts -13.24% negative EPS growth.

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 stock of MetLife, Inc. (NYSE:MET) earned “Neutral” rating by Citigroup on Tuesday, January 5. The stock of MetLife, Inc. (NYSE:MET) has “Equal-Weight” rating given on Monday, November 13 by Morgan Stanley. The firm has “Equal-Weight” rating given on Wednesday, November 11 by Morgan Stanley. Deutsche Bank upgraded MetLife, Inc. (NYSE:MET) on Monday, January 23 to “Buy” rating. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 11. The firm has “Hold” rating given on Monday, March 26 by Bank of America. On Monday, October 9 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, January 19, the company rating was maintained by RBC Capital Markets. As per Monday, August 29, the company rating was maintained by FBR Capital.

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