Cadinha & Co. LLC continued to hold its stake in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,066 shares of the financial services provider’s stock at the end of the second quarter. Cadinha & Co. LLC’s holdings in Manulife Financial Corp were worth $189,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in MFC. Ronald Blue & Co. LLC increased its stake in shares of Manulife Financial Corp by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 12,997 shares of the financial services provider’s stock valued at $244,000 after buying an additional 93 shares during the period. Whittier Trust Co. increased its stake in shares of Manulife Financial Corp by 1.2% in the first quarter. Whittier Trust Co. now owns 12,018 shares of the financial services provider’s stock valued at $213,000 after buying an additional 146 shares during the period. Regentatlantic Capital LLC increased its stake in shares of Manulife Financial Corp by 0.8% in the first quarter. Regentatlantic Capital LLC now owns 22,841 shares of the financial services provider’s stock valued at $405,000 after buying an additional 182 shares during the period. Bessemer Group Inc. increased its stake in shares of Manulife Financial Corp by 0.9% in the second quarter. Bessemer Group Inc. now owns 29,736 shares of the financial services provider’s stock valued at $558,000 after buying an additional 261 shares during the period. Finally, Park National Corp OH increased its stake in shares of Manulife Financial Corp by 3.9% in the second quarter. Park National Corp OH now owns 13,525 shares of the financial services provider’s stock valued at $254,000 after buying an additional 508 shares during the period. 48.27% of the stock is currently owned by institutional investors.

Manulife Financial Corp (MFC) opened at 20.18 on Thursday. The stock has a 50 day moving average of $19.58 and a 200-day moving average of $18.37. The firm has a market capitalization of $39.89 billion, a P/E ratio of 16.29 and a beta of 1.30. Manulife Financial Corp has a 1-year low of $13.10 and a 1-year high of $20.84.

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Several brokerages have issued reports on MFC. BidaskClub raised shares of Manulife Financial Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. National Bank Financial reissued a “sector perform overweight” rating on shares of Manulife Financial Corp in a research note on Wednesday, May 3rd. ValuEngine downgraded shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Monday, July 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Manulife Financial Corp currently has a consensus rating of “Buy” and a consensus price target of $22.25.

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.

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

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