Manulife Financial Corporation (MFC) loses confidence of 33 hedge fund managers

Manulife Financial Corporation (NYSE:MFC) is on recovery track with 12.7% gain from a 1-year low price of $16.62. The company added 0.38% to attain the price of $18.73 on 04/18/2018. Throughout the recent session, the prices were hovering between $18.71 and $18.98. These shares are 26.05% off its target price of $23.61 and the current market capitalization stands at $37.4B. The recent change has given its price a -1.2% deficit over SMA 50 and -15.48% deficit over its 52-week high. The stock witnessed 0.97% gains, -14.36% declines and -9.82% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MFC’s volatility during a week at 1.53% and during a month it has been found around 1.73%.

Manulife Financial Corporation (MFC) Top Holders

Institutional investors currently hold around $17.93 billion or 53.7% in MFC stock. Look at its top three institutional owners. Royal Bank Of Canada owns $2.16 billion in Manulife Financial Corporation, which represents roughly 5.77% of the company’s market cap and approximately 12.02% of the institutional ownership. Similar statistics are true for the second largest owner, Bank Of Montreal /Can/, which owns 74,392,005 shares of the stock are valued at $1.39 billion. The third largest holder is Td Asset Management Inc, which currently holds $1.05 billion worth of this stock and that ownership represents nearly 2.82% of its market capitalization.

Manulife Financial Corporation 13F Filings

At the end of 12/31/2017 reporting period, 211 institutional holders increased their position in Manulife Financial Corporation (NYSE:MFC) by some 80,909,605 shares, 146 decreased positions by 40,386,766 and 121 held positions by 839,804,722. That puts total institutional holdings at 961,101,093 shares, according to SEC filings. The stock grabbed 73 new institutional investments totaling 8,458,063 shares while 33 institutional investors sold out their entire positions totaling 1,724,287 shares.

Manulife Financial Corporation (MFC) Analyst Guide

Several analysts have released their opinion on Manulife Financial Corporation (NYSE:MFC), with 5 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.43 average brokerage recommendation.

Delek US Holdings, Inc. (NYSE:DK) Has 7 Buy or Better Ratings

Delek US Holdings, Inc. (DK) was also brought into the spotlight with a $0.35 rise. As the regular session came to an end, the price changed by 0.76% to $46.62. The trading of the day started with the price of the stock at $46.5. However, at one point, in the middle of the day, the price touched a high of $47.18 before it finally returned some of the gains. Analyzing DK this week, analysts seem to be content with keeping to their bright forecast call at 1.7. Delek US Holdings, Inc. analysts gave 7 buy-equivalent recommendations, 0 sells and 2 holds. This company shares jumped 0.45% from their most recent record high of $46.41 and now hold $3.77 billion in market value of equity.

Delek US Holdings, Inc. Underpriced by 24.41%

DK’s mean recommendation on Reuter’s scale has been revised upward from 1.64 thirty days ago to 1.67 now. This is an indication of a buy consensus from the analysts’ society. They expect that Delek US Holdings, Inc. (DK) price will be reaching a mean target of $45.5 a share. This implies that they believe the stock has what it takes to drag the price another -2.4%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 24.41% compared to the most bullish target.

Delek US Holdings, Inc. (DK) Returns 33.43% This Year

The company during the last trade was able to reach a volume of 1.52 million shares. That activity is comparable to their recent volume average trend of nearly 1.48 million shares which they recorded over a period of three months. The stock price volatility for last week at the close of regular trading was 3.5%, pushing the figure for the whole month to now reaching 3.84%. Delek US Holdings, Inc. price was kept to a minimum $46.01 in intra-day trade and has returned 33.43% this year alone. At a certain point in the past four quarters, the shares traded as low as $20.65 but made a 125.76% recovery since then.

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