Cubist Systematic Strategies LLC Sells 25,209 Shares of Manulife Financial Corp (MFC)

Cubist Systematic Strategies LLC decreased its holdings in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 65.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,017 shares of the financial services provider’s stock after selling 25,209 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Manulife Financial Corp were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Prudential PLC raised its stake in shares of Manulife Financial Corp by 20.1% in the 2nd quarter. Prudential PLC now owns 1,285,744 shares of the financial services provider’s stock valued at $24,121,000 after buying an additional 214,867 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Manulife Financial Corp by 31.0% in the 2nd quarter. HighTower Advisors LLC now owns 56,761 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 13,420 shares in the last quarter. PDT Partners LLC raised its stake in shares of Manulife Financial Corp by 52.3% in the 2nd quarter. PDT Partners LLC now owns 118,147 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 40,595 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Manulife Financial Corp by 53.6% in the 2nd quarter. Stifel Financial Corp now owns 54,450 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 18,997 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Manulife Financial Corp by 11.1% in the 2nd quarter. Voya Investment Management LLC now owns 42,128 shares of the financial services provider’s stock valued at $789,000 after buying an additional 4,215 shares in the last quarter. Institutional investors own 46.12% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cubist Systematic Strategies LLC Sells 25,209 Shares of Manulife Financial Corp (MFC)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/02/cubist-systematic-strategies-llc-sells-25209-shares-of-manulife-financial-corp-mfc.html.

Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $12.34 billion during the quarter, compared to analyst estimates of $16.09 billion. During the same period last year, the firm earned $0.40 EPS.

A number of brokerages have recently issued reports on MFC. Morgan Stanley increased their price objective on shares of Manulife Financial Corp from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. ValuEngine cut shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 18th. BidaskClub upgraded shares of Manulife Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Manulife Financial Corp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Manulife Financial Corp currently has a consensus rating of “Buy” and an average price target of $24.50.

Manulife Financial Corp Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

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

What are top analysts saying about Manulife Financial Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Manulife Financial Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit