Measured Wealth Private Client Group LLC Has $1.47 Million Holdings in Manulife Financial Co. (NYSE:MFC)

Measured Wealth Private Client Group LLC decreased its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,943 shares of the financial services provider’s stock after selling 359 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Manulife Financial were worth $1,472,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Baron Wealth Management LLC raised its stake in shares of Manulife Financial by 2.3% during the 3rd quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 330 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in Manulife Financial by 1.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 339 shares in the last quarter. Americana Partners LLC lifted its stake 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 acquiring an additional 364 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Manulife Financial by 1.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock valued at $1,236,000 after acquiring an additional 547 shares during the period. Finally, Brown Lisle Cummings Inc. increased its stake in shares of Manulife Financial by 4.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 13,199 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Stock Performance

Shares of MFC stock opened at $30.00 on Friday. Manulife Financial Co. has a 52-week low of $21.95 and a 52-week high of $33.07. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.04 and a beta of 1.09. The firm’s 50-day moving average is $30.76 and its 200-day moving average is $29.42.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.30. The firm 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 prior year, the company earned $0.69 earnings per share. Sell-side analysts predict that Manulife Financial Co. will post 2.67 EPS for the current fiscal year.

About Manulife Financial

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.