Toron Capital Markets Lowers stake in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : Toron Capital Markets reduced its stake in Manulife Financial Corporation (USA) by 4.93% during the most recent quarter end. The investment management company now holds a total of 6,481,621 shares of Manulife Financial Corporation (USA) which is valued at $92,298,283 after selling 336,130 shares in Manulife Financial Corporation (USA) , the firm said in a disclosure report filed with the SEC on May 2, 2016.Manulife Financial Corporation (USA) makes up approximately 5.51% of Toron Capital Markets’s portfolio.

Manulife Financial Corporation (USA) opened for trading at $14.19 and hit $14.35 on the upside on Friday, eventually ending the session at $14.24, with a gain of 0.14% or 0.02 points. The heightened volatility saw the trading volume jump to 22,52,837 shares. Company has a market cap of $28,080 M.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in MFC by selling 1 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 1,617 shares of MFC which is valued at $23,996. Manulife Financial Corporation (USA) makes up approx 0.01% of Winslow Evans Crocker’s portfolio.

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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