Haven Global Partners LLC Takes $13.06 Million Position in Manulife Financial Co. (NYSE:MFC)

Haven Global Partners LLC bought a new position in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 425,352 shares of the financial services provider's stock, valued at approximately $13,060,000. Manulife Financial accounts for 12.3% of Haven Global Partners LLC's holdings, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baron Wealth Management LLC increased its position in shares of Manulife Financial by 2.3% during the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider's stock valued at $426,000 after acquiring an additional 330 shares in the last quarter. Americana Partners LLC increased its position in shares of Manulife Financial by 0.5% during the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider's stock valued at $2,068,000 after acquiring an additional 364 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Manulife Financial by 1.3% during the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider's stock valued at $1,236,000 after acquiring an additional 547 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Manulife Financial by 4.5% during the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider's stock valued at $410,000 after acquiring an additional 569 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of Manulife Financial by 1.7% during the third quarter. Daymark Wealth Partners LLC now owns 34,886 shares of the financial services provider's stock valued at $1,031,000 after acquiring an additional 596 shares in the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Trading Up 0.5 %

NYSE:MFC traded up $0.15 during trading hours on Wednesday, reaching $29.84. The company had a trading volume of 520,690 shares, compared to its average volume of 1,710,392. Manulife Financial Co. has a 52 week low of $21.86 and a 52 week high of $33.07. The firm has a market cap of $51.58 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.04 and a beta of 1.09. The firm's 50 day moving average price is $30.80 and its 200-day moving average price is $29.42.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.30. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. The business had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.73 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, analysts forecast that Manulife Financial Co. will post 2.67 earnings per share 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.