The Manufacturers Life Insurance Company Buys 7,600 Shares of MainSource Financial Group Inc. (MSFG)

Share on StockTwits

The Manufacturers Life Insurance Company lifted its stake in MainSource Financial Group Inc. (NASDAQ:MSFG) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 611,177 shares of the financial services provider’s stock after purchasing an additional 7,600 shares during the quarter. The Manufacturers Life Insurance Company owned about 2.39% of MainSource Financial Group worth $24,845,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of MainSource Financial Group by 197.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,508 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 2,329 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of MainSource Financial Group by 158.8% in the 4th quarter. Wolverine Asset Management LLC now owns 4,614 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 2,831 shares during the period. GHP Investment Advisors Inc. purchased a new position in MainSource Financial Group during the 4th quarter valued at $202,000. Aperio Group LLC purchased a new position in MainSource Financial Group during the 4th quarter valued at $203,000. Finally, Suntrust Banks Inc. purchased a new position in MainSource Financial Group during the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

MSFG has been the subject of a number of recent analyst reports. Zacks Investment Research cut MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. BidaskClub upgraded MainSource Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st.

MainSource Financial Group opened at $40.65 on Thursday, according to Marketbeat Ratings. The firm has a market cap of $1.04 billion, a P/E ratio of 19.17 and a beta of 0.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.92 and a quick ratio of 0.92. MainSource Financial Group Inc. has a 52-week low of $31.26 and a 52-week high of $41.07.

MainSource Financial Group Profile

MainSource Financial Group, Inc is a bank holding company. The Company operates a banking subsidiary, MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements.

Want to see what other hedge funds are holding MSFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MainSource Financial Group Inc. (NASDAQ:MSFG).

Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

Receive News & Ratings for MainSource Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply