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Bank Of Nova Scotia Lowered Pinnacle West Cap (PNW) Position as Shares Rose; Benin Management Has Upped Its Stake in Metlife (MET) by $648,975 as Stock Price Declined

Benin Management Corp increased its stake in Metlife Inc (MET) by 302.98% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp bought 12,725 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 16,925 shares of the finance company at the end of 2017Q3, valued at $879,000, up from 4,200 at the end of the previous reported quarter. Benin Management Corp who had been investing in Metlife Inc for a number of months, seems to be bullish on the $48.65B market cap company. The stock decreased 0.19% or $0.09 during the last trading session, reaching $46.64. About 7.67M shares traded or 17.55% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 17, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Bank Of Nova Scotia decreased its stake in Pinnacle West Cap Corp (PNW) by 22.62% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Nova Scotia sold 5,702 shares as the company’s stock rose 7.46% with the market. The institutional investor held 19,510 shares of the central company at the end of 2017Q3, valued at $1.65 million, down from 25,212 at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Pinnacle West Cap Corp for a number of months, seems to be less bullish one the $8.79B market cap company. The stock increased 0.81% or $0.63 during the last trading session, reaching $78.69. About 843,259 shares traded or 23.44% up from the average. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since February 17, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Benin Management Corp, which manages about $278.88 million and $248.13 million US Long portfolio, decreased its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 2,600 shares to 49,753 shares, valued at $6.71 million in 2017Q3, according to the filing. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 4,350 shares in the quarter, leaving it with 26,277 shares, and cut its stake in Visa Inc (NYSE:V).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.05, from 0.94 in 2017Q2. It turned negative, 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. 573 are owned by Hanson Mcclain. F&V Capital Mngmt Ltd Liability Corporation has invested 0.31% of its portfolio in MetLife, Inc. (NYSE:MET). Canandaigua Financial Bank Trust accumulated 21,780 shares or 0.22% of the stock. Federated Pa accumulated 83,601 shares. Mutual Of Omaha Commercial Bank Wealth reported 0.1% of its portfolio in MetLife, Inc. (NYSE:MET). Brandywine Glob Ltd Limited Liability Company invested in 0.31% or 947,972 shares. Livingston Group Inc Asset Mngmt Co (Operating As Southport Cap Management) has 1.1% invested in MetLife, Inc. (NYSE:MET). Sandy Spring Savings Bank accumulated 399 shares or 0% of the stock. Cna Fincl has 0.54% invested in MetLife, Inc. (NYSE:MET) for 41,025 shares. Lpl Fincl invested in 155,649 shares. Axa holds 139,750 shares or 0.03% of its portfolio. Qci Asset Mngmt Ny holds 0% of its portfolio in MetLife, Inc. (NYSE:MET) for 304 shares. Dubuque Bancshares & Co has 9,737 shares for 0.08% of their portfolio. Congress Asset Mngmt Ma accumulated 0.07% or 82,658 shares. Salzhauer Michael holds 0.34% or 15,279 shares in its portfolio.

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 49 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Thursday, January 14. The rating was downgraded by Sandler O’Neill to “Hold” on Friday, November 10. RBC Capital Markets maintained MetLife, Inc. (NYSE:MET) on Monday, June 5 with “Buy” rating. The firm has “Neutral” rating given on Friday, October 7 by Credit Suisse. On Thursday, January 26 the stock rating was initiated by Citigroup with “Sell”. The stock of MetLife, Inc. (NYSE:MET) has “Strong Buy” rating given on Friday, January 22 by Raymond James. The stock has “Neutral” rating by FBR Capital on Tuesday, October 10. The rating was reinitiated by Wells Fargo with “Outperform” on Friday, September 23. The company was initiated on Monday, July 24 by J.P. Morgan. Morgan Stanley maintained the shares of MET in report on Thursday, October 5 with “Equal-Weight” rating.

Among 12 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 1 Sell and 11 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Monday, January 8. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. As per Monday, August 17, the company rating was upgraded by Zacks. SunTrust maintained the stock with “Neutral” rating in Monday, March 7 report. The stock has “Neutral” rating by Bank of America on Tuesday, November 22. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. Williams Capital Group upgraded the stock to “Buy” rating in Monday, October 10 report. The firm earned “Neutral” rating on Thursday, October 6 by UBS. The firm has “Underperform” rating given on Tuesday, January 12 by Bank of America. The rating was downgraded by UBS to “Neutral” on Monday, October 26.

Bank Of Nova Scotia, which manages about $17.16B US Long portfolio, upped its stake in Union Pac Corp (NYSE:UNP) by 127,211 shares to 355,004 shares, valued at $41.17M in 2017Q3, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 987,466 shares in the quarter, for a total of 1.03M shares, and has risen its stake in Credicorp Ltd (NYSE:BAP).

Since August 23, 2017, it had 0 buys, and 5 sales for $6.03 million activity. The insider Falck David P sold $400,815. 1,806 shares valued at $163,046 were sold by MUNRO KATHRYN L on Friday, August 25.

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