Choreo LLC Sells 10,616 Shares of Manulife Financial Co. (NYSE:MFC)

Choreo LLC reduced its stake in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 12.8% during the 4th quarter, according to its most recent Form 13F filing 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 quarter. Choreo LLC's holdings in Manulife Financial were worth $2,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MFC. Cetera Investment Advisers raised its position in shares of Manulife Financial by 5.5% during the second quarter. Cetera Investment Advisers now owns 152,865 shares of the financial services provider's stock worth $4,068,000 after acquiring an additional 8,011 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Manulife Financial in the second quarter worth about $784,000. SG Americas Securities LLC bought a new stake in Manulife Financial during the 3rd quarter worth about $1,190,000. Park Avenue Securities LLC lifted its position in Manulife Financial by 36.8% during the 3rd quarter. Park Avenue Securities LLC now owns 17,021 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 4,581 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Manulife Financial by 4.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 20,225 shares of the financial services provider's stock valued at $598,000 after purchasing an additional 836 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company's stock.

Manulife Financial Trading Up 0.4 %

Shares of MFC traded up $0.13 on Friday, reaching $30.14. 2,002,424 shares of the company's stock were exchanged, compared to its average volume of 1,778,709. The business has a 50 day moving average price of $30.73 and a two-hundred day moving average price of $29.43. Manulife Financial Co. has a 12 month low of $21.95 and a 12 month high of $33.07. The stock has a market capitalization of $52.11 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09.

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