Hansberger Growth Investors Lp buys $8.2 Million stake in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : Hansberger Growth Investors Lp scooped up 39,473 additional shares in Manulife Financial Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 594,760 shares of Manulife Financial Corporation (USA) which is valued at $8.2 Million.Manulife Financial Corporation (USA) makes up approximately 5.69% of Hansberger Growth Investors Lp’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp sold out all of its stake in MFC during the most recent quarter. The investment firm sold 16,461,559 shares of MFC which is valued $227.7 Million. Airain Ltd added MFC to its portfolio by purchasing 13,932 company shares during the most recent quarter which is valued at $192,680. Manulife Financial Corporation (USA) makes up approx 0.01% of Airain Ltd’s portfolio. Pacad Investment Ltd. added MFC to its portfolio by purchasing 53,700 company shares during the most recent quarter which is valued at $764,688. Manulife Financial Corporation (USA) makes up approx 0.09% of Pacad Investment Ltd.’s portfolio.Princeton Alpha Management Lp reduced its stake in MFC by selling 17,014 shares or 48.35% in the most recent quarter. The Hedge Fund company now holds 18,177 shares of MFC which is valued at $258,840. Manulife Financial Corporation (USA) makes up approx 0.04% of Princeton Alpha Management Lp’s portfolio. Kassirer Asset Management Corp added MFC to its portfolio by purchasing 11,900 company shares during the most recent quarter which is valued at $169,456. Manulife Financial Corporation (USA) makes up approx 0.20% of Kassirer Asset Management Corp’s portfolio.

Manulife Financial Corporation (USA) opened for trading at $14.09 and hit $14.37 on the upside on Friday, eventually ending the session at $14.33, with a gain of 2.07% or 0.29 points. The heightened volatility saw the trading volume jump to 19,82,467 shares. Company has a market cap of $28,264 M.

On the company’s financial health, Manulife Financial Corporation (USA) reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.43.Analysts expectations of $ 12685.80.During the same quarter in the previous year, the company posted $0.39 EPS.

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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