Manulife Financial Co. (NYSE:MFC) Shares Sold by Choreo LLC

Choreo LLC cut its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,242 shares of the financial services provider’s stock after selling 10,616 shares during the period. Choreo LLC’s holdings in Manulife Financial were worth $2,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stratos Wealth Partners LTD. lifted its stake in Manulife Financial by 16.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 38,373 shares of the financial services provider’s stock valued at $1,178,000 after purchasing an additional 5,515 shares during the last quarter. Mather Group LLC. acquired a new stake in Manulife Financial during the fourth quarter valued at approximately $42,000. Brown Lisle Cummings Inc. lifted its stake in Manulife Financial by 4.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 13,199 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 549 shares during the last quarter. Haven Global Partners LLC acquired a new stake in Manulife Financial during the fourth quarter valued at approximately $13,060,000. Finally, Mediolanum International Funds Ltd acquired a new stake in Manulife Financial during the fourth quarter valued at approximately $590,000. 52.56% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Price Performance

MFC stock opened at $30.00 on Friday. The firm has a market cap of $51.85 billion, a PE ratio of 14.49, a P/E/G ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 12 month low of $21.95 and a 12 month high of $33.07. The firm has a 50 day simple moving average of $30.76 and a 200 day simple moving average of $29.42.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same period in the previous year, the business earned $0.69 EPS. As a group, sell-side analysts expect that Manulife Financial Co. will post 2.67 earnings per share for the current year.

Manulife Financial 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.