Candriam Luxembourg S.C.A. Boosts Position in Manulife Financial Co. (MFC)

Candriam Luxembourg S.C.A. boosted its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 1.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 135,849 shares of the financial services provider’s stock after buying an additional 1,460 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Manulife Financial were worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MFC. BancorpSouth Bank grew its position in shares of Manulife Financial by 0.6% during the first quarter. BancorpSouth Bank now owns 123,735 shares of the financial services provider’s stock worth $2,093,000 after buying an additional 680 shares in the last quarter. Endurance Wealth Management Inc. grew its position in shares of Manulife Financial by 12.5% during the first quarter. Endurance Wealth Management Inc. now owns 382,923 shares of the financial services provider’s stock worth $6,475,000 after buying an additional 42,525 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Manulife Financial by 95.3% during the first quarter. Moors & Cabot Inc. now owns 77,946 shares of the financial services provider’s stock worth $1,318,000 after buying an additional 38,039 shares in the last quarter. First National Bank of Omaha grew its position in shares of Manulife Financial by 31.3% during the first quarter. First National Bank of Omaha now owns 215,565 shares of the financial services provider’s stock worth $3,645,000 after buying an additional 51,438 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Manulife Financial by 2.2% during the first quarter. Janus Henderson Group PLC now owns 5,993,213 shares of the financial services provider’s stock worth $101,386,000 after buying an additional 127,673 shares in the last quarter. 44.88% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, March 26th. Barclays reissued a “buy” rating and set a $29.00 price target on shares of Manulife Financial in a research report on Sunday, May 5th. Finally, ValuEngine raised shares of Manulife Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.50.

Manulife Financial stock opened at $17.18 on Tuesday. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.39. Manulife Financial Co. has a 12 month low of $13.33 and a 12 month high of $19.63.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24. The firm had revenue of $1.74 billion during the quarter. Manulife Financial had a net margin of 10.43% and a return on equity of 13.69%. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts forecast that Manulife Financial Co. will post 2.19 EPS for the current year.

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Manulife Financial Company 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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Institutional Ownership by Quarter for Manulife Financial (NYSE:MFC)

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