BayBridge Capital Group LLC Trims Stock Position in Manulife Financial Co. (NYSE:MFC)

BayBridge Capital Group LLC decreased its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,158 shares of the financial services provider’s stock after selling 1,246 shares during the period. BayBridge Capital Group LLC’s holdings in Manulife Financial were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MFC. Sanctuary Advisors LLC acquired a new position in Manulife Financial in the second quarter valued at $784,000. Park Avenue Securities LLC boosted its position in shares of Manulife Financial by 36.8% in 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. Atomi Financial Group Inc. grew its stake in Manulife Financial by 4.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 20,225 shares of the financial services provider’s stock worth $598,000 after buying an additional 836 shares during the last quarter. Daymark Wealth Partners LLC increased its position in 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 worth $1,031,000 after buying an additional 596 shares during the period. Finally, CWM LLC lifted its stake in Manulife Financial by 18.2% in the third quarter. CWM LLC now owns 15,072 shares of the financial services provider’s stock valued at $445,000 after buying an additional 2,326 shares during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Trading Up 0.4 %

MFC stock opened at $30.14 on Friday. The business has a 50 day simple moving average of $30.73 and a 200-day simple moving average of $29.43. The company has a market capitalization of $52.11 billion, a P/E ratio of 14.56, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a twelve month low of $21.95 and a twelve month high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same period last year, the firm posted $0.69 EPS. Research analysts predict that Manulife Financial Co. will post 2.67 EPS for the current fiscal 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.