Measured Wealth Private Client Group LLC Has $1.47 Million Stock Position in Manulife Financial Co. (NYSE:MFC)

Measured Wealth Private Client Group LLC cut its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 47,943 shares of the financial services provider’s stock after selling 359 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Manulife Financial were worth $1,472,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MFC. Franklin Resources Inc. lifted its position in shares of Manulife Financial by 16.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock valued at $61,426,000 after acquiring an additional 279,418 shares during the period. Sanctuary Advisors LLC raised its stake in Manulife Financial by 148.9% in the third quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock valued at $2,382,000 after purchasing an additional 43,877 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Manulife Financial by 14.9% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 11,509 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Manulife Financial during the third quarter worth about $13,318,000. Finally, DRW Securities LLC bought a new position in Manulife Financial in the 3rd quarter valued at about $1,008,000. 52.56% of the stock is owned by institutional investors.

Manulife Financial Trading Up 0.4 %

Shares of NYSE:MFC opened at $30.00 on Friday. The stock has a market capitalization of $51.85 billion, a PE ratio of 14.49, a PEG ratio of 1.04 and a beta of 1.09. The firm has a 50 day moving average of $30.76 and a 200-day moving average of $29.42. Manulife Financial Co. has a 12 month low of $21.95 and a 12 month high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.73 billion. During the same period in the prior year, the company earned $0.69 earnings per share. On average, research analysts predict that Manulife Financial Co. will post 2.67 EPS for the current fiscal year.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.