Hollencrest Securities Lowers stake in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : Hollencrest Securities reduced its stake in Manulife Financial Corporation (USA) by 0.39% during the most recent quarter end. The investment management company now holds a total of 70,786 shares of Manulife Financial Corporation (USA) which is valued at $950,656 after selling 275 shares in Manulife Financial Corporation (USA) according to a report filed by the company on Apr 5, 2016 with the SEC.Manulife Financial Corporation (USA) makes up approximately 0.17% of Hollencrest Securities’s portfolio.

On the company’s financial health, Manulife Financial Corporation (USA) reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.45.Analysts expectations of $ 12231.99.During the same quarter in the previous year, the company posted $0.36 EPS.

Manulife Financial Corporation (USA) opened for trading at $13.36 and hit $13.5199 on the upside on Monday, eventually ending the session at $13.43, with a gain of 1.36% or 0.18 points. The heightened volatility saw the trading volume jump to 19,02,170 shares. Company has a market cap of $26,483 M.

Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia Canadian and U.S. Divisions and the Corporate and Other segment. Its Asia Canadian and U.S. Divisions segment offers protection and wealth management services such as life insurance and individual group long-term care insurance annuities pension contracts and mutual fund products and services retirement products and deposit and credit products to Canadian customers among others. The Company’s Corporate and Other segment consists of investment performance on assets backing capital net of amounts allocated to operating division and financing costs external asset management business and property and casualty (P&C) reinsurance business among others.

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