Moisand Fitzgerald Tamayo Exits Position in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : Moisand Fitzgerald Tamayo has sold out all of its stake in Manulife Financial Corporation (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 95 shares of Manulife Financial Corporation (USA) which is valued at $1,306.

Other Hedge Funds, Including , Reilly Financial Advisors added MFC to its portfolio by purchasing 145 company shares during the most recent quarter which is valued at $1,994.Creative Planning boosted its stake in MFC in the latest quarter, The investment management firm added 574 additional shares and now holds a total of 14,750 shares of Manulife Financial Corporation (USA) which is valued at $198,830.

Manulife Financial Corporation (USA) opened for trading at $13.13 and hit $13.2691 on the upside on Monday, eventually ending the session at $13.23, with a gain of 1.22% or 0.16 points. The heightened volatility saw the trading volume jump to 20,76,301 shares. Company has a market cap of $26,094 M.

On the company’s financial health, Manulife Financial Corporation (USA) reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.45.Analysts expectations of $ 12930.07.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Manulife Financial Corporation (USA). Manulife Financial Corporation (USA) was Downgraded by Macquarie to ” Neutral” on Aug 4, 2016. Manulife Financial Corporation (USA) was Downgraded by CIBC to ” Sector Perform” on Aug 4, 2016.

Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia Canadian and U.S. Divisions and the Corporate and Other segment. Its Asia Canadian and U.S. Divisions segment offers protection and wealth management services such as life insurance and individual group long-term care insurance annuities pension contracts and mutual fund products and services retirement products and deposit and credit products to Canadian customers among others. The Company’s Corporate and Other segment consists of investment performance on assets backing capital net of amounts allocated to operating division and financing costs external asset management business and property and casualty (P&C) reinsurance business among others.

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