Economy

Manulife Financial Corp (MFC) Shares Sold by TD Asset Management Inc

The company has market cap of $24.56 million. The stock rose 0.81% or $1.39 reaching $173.68 per share.

Manulife Financial Corp (NYSE:MFC) traded up 1.824% on Monday, hitting $19.815. It has underperformed by 17.54% the S&P500.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 1832 Asset Management Lp acquired 845,983 shares as Manulife Finl Corp (MFC)'s stock declined 8.13%. The institutional investor held 343,791 shares of the life insurance company at the end of 2016Q4, valued at $6.12 million, down from 583,322 at the end of the previous reported quarter. Heathbridge Capital Management Ltd who had been investing in Manulife Financial Corp. for a number of months, seems to be less bullish one the $38.94 billion market cap company. Park National Corp OH now owns 13,200 shares of the company's stock worth $186,000 after buying an additional 1,310 shares during the period.

Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings results on Wednesday, August 9th. It has outperformed by 7.30% the S&P500. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Therefore 43% are positive. Finally, Zacks Investment Research raised Manulife Financial Corp from a "sell" rating to a "hold" rating and set a $22.00 price objective on the stock in a report on Monday, July 10th. The stock now has a consensus rating of "Buy" and a consensus target price of $23.33. Moreover, Symons Capital Management Inc has 4.71% invested in the company for 252,950 shares. Jefferies has "Buy" rating and $140.0 target. The rating was upgraded by Deutsche Bank on Friday, May 20 to "Buy". The company was maintained on Monday, October 3 by RBC Capital Markets. As per Thursday, August 24, the company rating was downgraded by JP Morgan. Goldman Sachs initiated it with "Neutral" rating and $171 target in Tuesday, October 6 report. (NASDAQ:GILD) earned "Mkt Perform" rating by Leerink Swann on Tuesday, September 27. Credit Suisse upgraded it to "Outperform" rating and $125 target in Wednesday, August 19 report.

Several other equities research analysts also recently issued reports on MFC. "After its Solid Q2 Earnings Beat?" on August 10, 2017.

Investors sentiment decreased to 1.01 in 2016 Q4. Its up 0.11, from 1 in 2016Q3.

Other hedge funds have also bought and sold shares of the company. 8,276 are owned by Pinnacle Assocs. Manulife continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses. Cna Finance owns 25,000 shares for 1.02% of their portfolio. The SI to LG Display Company Limited's float is 0.68%. Deep reach in the Asian market and a growing asset management business would drive long-term earnings growth. Stockholders of record on Tuesday, August 22nd will be paid a $0.1621 dividend. Chevy Chase Trust holds 98,597 shares or 0.07% of its portfolio. Its down 15.91% from 4,400 shares previously. Lvm Mgmt Mi has invested 0.08% in Whirlpool Corporation (NYSE:WHR). Daiwa Securities Group Incorporated holds 0.01% or 10,220 shares. Wells Fargo Mn invested 0.04% of its portfolio in Whirlpool Corporation (NYSE:WHR). Life holds 261 shares. Nomura holds 0% or 4,180 shares in its portfolio. Tiaa Cref holds 0.04% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 328,707 shares. Bingham Osborn Scarborough Ltd Llc owns 5,762 shares for 0.08% of their portfolio. On average, analysts forecast that Manulife Financial Corp will post $1.40 EPS for the current year. (NYSE:MFC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 0 are positive. ValuEngine cut Manulife Financial Corp from a "strong-buy" rating to a "buy" rating in a report on Friday, June 2nd. As per Wednesday, August 31, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of MFC in report on Friday, August 7 with "Outperform" rating. The rating was downgraded by IBC on Thursday, August 4 to "Sector Perform".

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.

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