Manulife Financial Co. (NYSE:MFC) Stock Holdings Lessened by Bfsg LLC

Bfsg LLC lessened its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 42.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,354 shares of the financial services provider’s stock after selling 1,762 shares during the period. Bfsg LLC’s holdings in Manulife Financial were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MFC. Franklin Resources Inc. grew its holdings in shares of Manulife Financial by 16.4% during the third quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock valued at $61,426,000 after purchasing an additional 279,418 shares during the last quarter. Sanctuary Advisors LLC increased its position in Manulife Financial by 148.9% in the third quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock worth $2,382,000 after buying an additional 43,877 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Manulife Financial by 14.9% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider’s stock valued at $2,719,000 after buying an additional 11,509 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Manulife Financial during the third quarter valued at $13,318,000. Finally, DRW Securities LLC bought a new position in shares of Manulife Financial during the third quarter worth about $1,008,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Down 0.8 %

Shares of NYSE:MFC opened at $29.78 on Thursday. The company’s 50-day moving average price is $30.31 and its 200 day moving average price is $29.70. The company has a market cap of $51.31 billion, a PE ratio of 14.38, a P/E/G ratio of 1.03 and a beta of 1.09. Manulife Financial Co. has a fifty-two week low of $22.61 and a fifty-two week high of $33.07.

Manulife Financial Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.