The Manufacturers Life Insurance Company Cuts Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

The Manufacturers Life Insurance Company lowered its position in Premier Financial Corp. (NASDAQ:PFC) by 92.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,219 shares of the company’s stock after selling 161,845 shares during the period. The Manufacturers Life Insurance Company’s holdings in Premier Financial were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PFC. Gardner Lewis Asset Management L P raised its stake in shares of Premier Financial by 298.4% during the 4th quarter. Gardner Lewis Asset Management L P now owns 586,567 shares of the company’s stock worth $14,999,000 after buying an additional 439,351 shares in the last quarter. ABC Arbitrage SA acquired a new position in Premier Financial during the fourth quarter worth $4,916,000. Assenagon Asset Management S.A. raised its position in Premier Financial by 32.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after acquiring an additional 94,000 shares in the last quarter. Vanguard Group Inc. raised its position in Premier Financial by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock worth $52,233,000 after acquiring an additional 51,285 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of Premier Financial during the 4th quarter worth $995,000. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Performance

NASDAQ:PFC opened at $28.04 on Friday. The firm’s fifty day simple moving average is $28.04 and its 200-day simple moving average is $27.50. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.64.

Premier Financial Profile

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.