I.g. Investment Management Ltd. buys $946,072,251 stake in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : I.g. Investment Management Ltd. scooped up 2,898,580 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 Nov 14, 2016. The investment management firm now holds a total of 55,390,647 shares of Manulife Financial Corporation (USA) which is valued at $946,072,251.Manulife Financial Corporation (USA) makes up approximately 3.68% of I.g. Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in MFC during the most recent quarter. The investment firm sold 33,590 shares of MFC which is valued $573,717. Acrospire Investment Management sold out all of its stake in MFC during the most recent quarter. The investment firm sold 4,500 shares of MFC which is valued $73,125.Aperio Group boosted its stake in MFC in the latest quarter, The investment management firm added 90,410 additional shares and now holds a total of 619,747 shares of Manulife Financial Corporation (USA) which is valued at $8,800,407. Manulife Financial Corporation (USA) makes up approx 0.07% of Aperio Group’s portfolio.Rathbone Brothers Plc reduced its stake in MFC by selling 3,000 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 72,000 shares of MFC which is valued at $1,054,800. Manulife Financial Corporation (USA) makes up approx 0.06% of Rathbone Brothers Plc’s portfolio.

Manulife Financial Corporation (USA) opened for trading at $16.83 and hit $17.045 on the upside on Monday, eventually ending the session at $16.99, with a gain of 0.87% or 0.1472 points. The heightened volatility saw the trading volume jump to 22,71,863 shares. Company has a market cap of $33,525 M.

On the company’s financial health, Manulife Financial Corporation (USA) reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $0.45.Analysts expectations of $ 7278.06.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Manulife Financial Corporation (USA). Manulife Financial Corporation (USA) was Resumed by BofA/Merrill to “Buy” on Aug 24, 2016.

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.

Leave a Reply

Manulife Financial Corporation (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Manulife Financial Corporation (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.