Manulife Financial Co. (NYSE:MFC) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.

Several institutional investors have recently added to or reduced their stakes in MFC. Endurance Wealth Management Inc. increased its position in Manulife Financial by 5.4% in the fourth quarter. Endurance Wealth Management Inc. now owns 49,000 shares of the company’s stock worth $734,000 after buying an additional 2,500 shares during the period. Coastline Trust Company increased its position in Manulife Financial by 30.9% in the fourth quarter. Coastline Trust Company now owns 23,382 shares of the company’s stock worth $350,000 after buying an additional 5,520 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft increased its position in Manulife Financial by 26.9% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 85,000 shares of the company’s stock worth $1,309,000 after buying an additional 18,000 shares during the period. Mork Capital Management LLC purchased a new position in Manulife Financial during the fourth quarter worth approximately $782,000. Finally, DekaBank Deutsche Girozentrale increased its position in Manulife Financial by 10.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,137,586 shares of the company’s stock worth $17,337,000 after buying an additional 104,087 shares during the period.

Shares of Manulife Financial (NYSE:MFC) traded up 0.23% during trading on Monday, hitting $13.12. The stock had a trading volume of 2,609,643 shares. The company has a market cap of $25.86 billion and a P/E ratio of 14.73. Manulife Financial has a one year low of $11.74 and a one year high of $19.61. The stock’s 50-day moving average price is $14.20 and its 200-day moving average price is $15.98.

Manulife Financial (NYSE:MFC) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.13. On average, equities research analysts forecast that Manulife Financial will post $1.74 EPS for the current fiscal year.

A number of other analysts have also issued reports on MFC. Zacks Investment Research raised Manulife Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Canaccord Genuity reissued a “buy” rating on shares of Manulife Financial in a research note on Thursday, November 12th. Finally, RBC Capital raised their price target on Manulife Financial from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $25.00.

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 (NYSE:MFC) reinsurance business, among others.

12 Month Chart for NYSE:MFC

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