Cullen Capital Management Has Trimmed Its Manulife Financial Corp. (MFC) Holding by $803,930; Stock Declined; As Tri Contl Com (TY) Valuation Declined, Bulldog Investors Has Cut by $2.16 Million Its Holding

Manulife Financial Corporation (NYSE:MFC) Logo

Cullen Capital Management Llc decreased its stake in Manulife Financial Corp. (MFC) by 18.19% based on its latest 2018Q3 regulatory filing with the SEC. Cullen Capital Management Llc sold 47,290 shares as the company’s stock declined 15.74% with the market. The institutional investor held 212,680 shares of the life insurance company at the end of 2018Q3, valued at $3.80M, down from 259,970 at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Manulife Financial Corp. for a number of months, seems to be less bullish one the $30.94 billion market cap company. The stock decreased 1.03% or $0.16 during the last trading session, reaching $15.8. About 2.11M shares traded or 1.33% up from the average. Manulife Financial Corporation (NYSE:MFC) has declined 28.60% since February 13, 2018 and is downtrending. It has underperformed by 28.60% the S&P500. Some Historical MFC News: 16/03/2018 – HK Bourse: Circular From Manulife Financial Corp. On Other; 13/04/2018 – OTELLO CORPORATION ASA OTELLO.OL SAYS FILED A CLAIM WITH HIGH COURT OF JUSTICE IN ENGLAND AND WALES AGAINST MFC; 10/05/2018 – Manulife’s Megan Greene on BOE Monetary Policy (Video); 16/04/2018 – Manulife Investments Announces Changes to Portfolio Management Team; 02/05/2018 – Manulife 1Q Net C$1.37B; 11/04/2018 – MANULIFE REPORTS EMBEDDED VALUE OF $49.2B AT END OF 2017; 21/05/2018 – Christos Tsaravas to lead Swiss business expansion for Manulife Asset Management; 14/03/2018 – MANULIFE’S DABIET LOOKING FOR UNDISCOVERED OPPORTUNITIES; 02/05/2018 – MANULIFE FINANCIAL 1Q ROE +14.1%; 30/05/2018 – Singapore Bourse: Change In Manulife Us Reit

Bulldog Investors Llc decreased its stake in Tri Contl Corp Com (TY) by 32.97% based on its latest 2018Q3 regulatory filing with the SEC. Bulldog Investors Llc sold 79,825 shares as the company’s stock declined 8.50% with the market. The hedge fund held 162,318 shares of the company at the end of 2018Q3, valued at $4.52M, down from 242,143 at the end of the previous reported quarter. Bulldog Investors Llc who had been investing in Tri Contl Corp Com for a number of months, seems to be less bullish one the $1.43 billion market cap company. The stock increased 0.36% or $0.09 during the last trading session, reaching $26.02. About 32,403 shares traded. Tri-Continental Corporation (NYSE:TY) has declined 3.11% since February 13, 2018 and is downtrending. It has underperformed by 3.11% the S&P500.

Among 7 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Manulife Financial Corp. had 14 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by TD Securities with “Buy” on Friday, August 7. Morgan Stanley maintained Manulife Financial Corporation (NYSE:MFC) rating on Thursday, October 5. Morgan Stanley has “Equal-Weight” rating and $27 target. The stock of Manulife Financial Corporation (NYSE:MFC) earned “Outperform” rating by RBC Capital Markets on Friday, August 7. On Wednesday, September 21 the stock rating was initiated by Dundee Securities with “Buy”. The company was maintained on Friday, November 13 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Wednesday, August 24. The company was downgraded on Thursday, August 4 by IBC. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 22. Morgan Stanley maintained the shares of MFC in report on Wednesday, July 11 with “Equal-Weight” rating. The rating was maintained by Morgan Stanley on Monday, November 13 with “Equal-Weight”.

Cullen Capital Management Llc, which manages about $3.87 billion and $2.71B US Long portfolio, upped its stake in Roche Holding Ag (RHHVF) by 8,340 shares to 22,780 shares, valued at $5.52 million in 2018Q3, according to the filing. It also increased its holding in Globaltrans Investment Plc by 51,369 shares in the quarter, for a total of 1.14 million shares, and has risen its stake in Honda Motor Co. Ltd..

More notable recent Manulife Financial Corporation (NYSE:MFC) news were published by: Seekingalpha.com which released: “More on Manulife Q3 results – Seeking Alpha” on November 07, 2018, also Fool.com with their article: “Will Health Insurers Subsidize the Apple Watch? – The Motley Fool” published on January 18, 2019, Benzinga.com published: “Earnings Scheduled For February 13, 2019 – Benzinga” on February 13, 2019. More interesting news about Manulife Financial Corporation (NYSE:MFC) were released by: Seekingalpha.com and their article: “Manulife Financial declares $0.25 dividend – Seeking Alpha” published on November 01, 2018 as well as Fool.ca‘s news article titled: “3 Stocks That Will Suffer if the Canada-China Spat Worsens – The Motley Fool Canada” with publication date: January 17, 2019.

Investors sentiment decreased to 1.17 in Q3 2018. Its down 1.24, from 2.41 in 2018Q2. It worsened, as 9 investors sold TY shares while 20 reduced holdings. 12 funds opened positions while 22 raised stakes. 4.95 million shares or 3.04% less from 5.11 million shares in 2018Q2 were reported. Koshinski Asset Mngmt Inc reported 0.08% of its portfolio in Tri-Continental Corporation (NYSE:TY). Zuckerman Inv Gp Ltd Liability holds 0.06% of its portfolio in Tri-Continental Corporation (NYSE:TY) for 10,130 shares. Moreover, Oppenheimer has 0.01% invested in Tri-Continental Corporation (NYSE:TY) for 7,926 shares. Royal State Bank Of Canada invested in 84,063 shares or 0% of the stock. Hudock Cap Group Incorporated Limited Liability stated it has 0.02% of its portfolio in Tri-Continental Corporation (NYSE:TY). Morgan Stanley owns 0% invested in Tri-Continental Corporation (NYSE:TY) for 206,055 shares. Raymond James & Associates reported 249,206 shares. Signature Fincl Mngmt Incorporated reported 0.42% stake. Lazard Asset Ltd Liability owns 433,658 shares. Sandy Spring Financial Bank invested 0% of its portfolio in Tri-Continental Corporation (NYSE:TY). Illinois-based First Tru Advsr LP has invested 0% in Tri-Continental Corporation (NYSE:TY). Pnc Financial Service Grp Inc Inc stated it has 5,961 shares or 0% of all its holdings. Ota Financial Group LP invested in 10,286 shares. Moreover, Citigroup has 0% invested in Tri-Continental Corporation (NYSE:TY). M&R Management invested in 0% or 717 shares.

Bulldog Investors Llc, which manages about $594.55M and $337.73 million US Long portfolio, upped its stake in Invesco High Income Trust (VLT) by 82,421 shares to 119,846 shares, valued at $1.64M in 2018Q3, according to the filing. It also increased its holding in Blackrock Income Tr (BKT) by 161,582 shares in the quarter, for a total of 187,605 shares, and has risen its stake in Industrea Acquisition Corp.