Quantbot Takes $4 Million Position in Manulife Financial

Quantbot Technologies LP has acquired a new stake in Manulife Financial Corp (NYSE:MFC), valued at approximately $3,995,000. The firm purchased 98,622 shares of Manulife's stock during the second quarter.

Manulife Financial reported its quarterly earnings on August 5th, beating analysts' expectations with a profit of $0.79 per share. The company had revenue of $2.22 billion for the quarter, up 7.3% from last year.

Institutional investors have been increasing their holdings in Manulife Financial. UBS Group AG grew its stake by 10%, Swiss National Bank increased its position by 25.7%, and Healthcare of Ontario Pension Plan Trust Fund boosted its stake by 183.7% during the first quarter.

Analysts' ratings for Manulife Financial are mixed, with two investment firms giving a strong buy rating, five recommending a buy, and one suggesting a sell.