Mediolanum International Funds Ltd Purchases Shares of 19,332 Manulife Financial Co. (NYSE:MFC)

Mediolanum International Funds Ltd acquired a new position in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,332 shares of the financial services provider's stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its stake in shares of Manulife Financial by 13.5% in the 3rd quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider's stock valued at $829,374,000 after purchasing an additional 3,329,892 shares during the last quarter. Geode Capital Management LLC lifted its position in Manulife Financial by 8.1% in the third quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider's stock valued at $247,473,000 after buying an additional 616,517 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Manulife Financial by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider's stock worth $153,455,000 after buying an additional 158,216 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Manulife Financial by 1.8% during the third quarter. The Manufacturers Life Insurance Company now owns 2,035,663 shares of the financial services provider's stock worth $60,202,000 after buying an additional 36,838 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Manulife Financial by 16.4% during the third 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 last quarter. Institutional investors and hedge funds own 52.56% of the company's stock.

Manulife Financial Price Performance

Shares of MFC stock traded up $0.13 during trading hours on Thursday, hitting $30.00. The company had a trading volume of 2,411,638 shares, compared to its average volume of 1,765,514. The stock has a market capitalization of $51.85 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. The company's fifty day moving average is $30.76 and its 200 day moving average is $29.42. Manulife Financial Co. has a fifty-two week low of $21.95 and a fifty-two week high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly 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 return on equity of 16.11% and a net margin of 9.79%. The company had revenue of $10.69 billion for the quarter, compared to analysts' expectations of $9.73 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities analysts forecast 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.