Janus Henderson Group PLC grew its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,993,213 shares of the financial services provider’s stock after acquiring an additional 127,673 shares during the quarter. Janus Henderson Group PLC owned about 0.28% of Manulife Financial worth $101,386,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Partners LLC increased its position in shares of Manulife Financial by 6.4% during the 1st quarter. Advisor Partners LLC now owns 12,526 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 758 shares during the last quarter. Cardinal Capital Management Inc. increased its position in shares of Manulife Financial by 32.0% during the 4th quarter. Cardinal Capital Management Inc. now owns 3,300 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 800 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Manulife Financial by 3.6% during the 4th quarter. Cetera Advisors LLC now owns 23,280 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 816 shares during the last quarter. CWM LLC increased its position in shares of Manulife Financial by 69.4% during the 4th quarter. CWM LLC now owns 2,300 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 942 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Manulife Financial by 4.8% during the 4th quarter. Bessemer Group Inc. now owns 21,825 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 1,000 shares during the last quarter. 46.60% of the stock is owned by institutional investors and hedge funds.
Shares of MFC traded down $0.03 during midday trading on Wednesday, hitting $17.12. The company had a trading volume of 1,249,837 shares, compared to its average volume of 2,239,141. The stock has a market capitalization of $34.12 billion, a PE ratio of 8.11, a PEG ratio of 0.79 and a beta of 1.39. Manulife Financial Co. has a 1 year low of $13.33 and a 1 year high of $19.22.
Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.24. The business had revenue of $1.74 billion during the quarter. Manulife Financial had a return on equity of 13.69% and a net margin of 10.43%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. Research analysts forecast that Manulife Financial Co. will post 2.19 EPS for the current fiscal year.
A number of equities analysts recently commented on MFC shares. ValuEngine upgraded Manulife Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded Manulife Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, March 26th. Finally, Barclays restated a “buy” rating and set a $29.00 target price on shares of Manulife Financial in a report on Sunday, May 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.50.
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Manulife Financial Profile
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.
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