Manulife Financial Co. (NYSE:MFC) Shares Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,068 shares of the financial services provider’s stock after purchasing an additional 339 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Manulife Financial were worth $708,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Baron Wealth Management LLC lifted its holdings in Manulife Financial by 2.3% in 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 during the last quarter. Americana Partners LLC raised its position in Manulife Financial by 0.5% in the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 364 shares during the period. Arkadios Wealth Advisors raised its position in Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 547 shares during the period. Brown Lisle Cummings Inc. raised its position in Manulife Financial by 4.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 13,199 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 549 shares during the period. Finally, Kathmere Capital Management LLC raised its position in Manulife Financial by 4.5% in the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 569 shares during the period. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Up 0.4 %

Shares of NYSE MFC opened at $30.14 on Friday. The firm has a market cap of $52.11 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 52-week low of $21.95 and a 52-week high of $33.07. The business’s 50 day moving average is $30.73 and its two-hundred day moving average is $29.43.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.73 billion. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. During the same quarter in the previous year, the company earned $0.69 earnings per share. Analysts anticipate 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.