Do Hedge Funds and Insiders Love Manulife Financial Corporation (USA) (MFC)?

Page 1 of 2

In today’s marketplace, there are dozens of methods market participants can use to track Mr. Market. Two of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top fund managers can outpace the broader indices by a superb amount (see just how much).

Manulife Financial Corporation (USA) (NYSE:MFC)

Equally as key, bullish insider trading sentiment is a second way to analyze the marketplace. As the old adage goes: there are many stimuli for a bullish insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the useful potential of this method if “monkeys” know what to do (learn more here).

Thus, it’s important to study the newest info surrounding Manulife Financial Corporation (USA) (NYSE:MFC).

Hedge fund activity in Manulife Financial Corporation (USA) (NYSE:MFC)

Heading into Q3, a total of 14 of the hedge funds we track were bullish in this stock, a change of 17% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes significantly.

Out of the hedge funds we follow, Tetrem Capital Management, managed by Daniel Bubis, holds the largest position in Manulife Financial Corporation (USA) (NYSE:MFC). Tetrem Capital Management has a $70.4 million position in the stock, comprising 2.4% of its 13F portfolio. The second largest stake is held by Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, which held a $19.9 million position; 0.1% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Now, certain money managers were leading the bulls’ herd. Tetrem Capital Management, managed by Daniel Bubis, established the most outsized position in Manulife Financial Corporation (USA) (NYSE:MFC). Tetrem Capital Management had 70.4 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $19.9 million position during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

How have insiders been trading Manulife Financial Corporation (USA) (NYSE:MFC)?

Legal insider trading, particularly when it’s bullish, is most useful when the company in focus has experienced transactions within the past 180 days. Over the latest six-month time frame, Manulife Financial Corporation (USA) (NYSE:MFC) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Manulife Financial Corporation (USA) (NYSE:MFC). These stocks are Sun Life Financial Inc. (USA) (NYSE:SLF), Metlife Inc (NYSE:MET), Prudential Public Limited Company (ADR) (NYSE:PUK), ING Groep N.V. (ADR) (NYSE:ING), and Prudential Financial Inc (NYSE:PRU). This group of stocks are the members of the life insurance industry and their market caps resemble MFC’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!