AustralianSuper Pty Ltd decreased its position in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,960,150 shares of the financial services provider's stock after selling 584,252 shares during the period. AustralianSuper Pty Ltd owned 0.29% of Manulife Financial worth $152,185,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Manulife Financial in the 3rd quarter valued at about $26,000. Crews Bank & Trust acquired a new stake in shares of Manulife Financial during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Manulife Financial in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of Manulife Financial in the 3rd quarter worth approximately $31,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Manulife Financial during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 52.56% of the company's stock.
Manulife Financial Trading Down 0.8 %
Manulife Financial stock traded down $0.24 during trading on Wednesday, hitting $29.78. The company had a trading volume of 2,804,610 shares, compared to its average volume of 1,976,340. The company's 50 day simple moving average is $30.35 and its 200-day simple moving average is $29.70. Manulife Financial Co. has a 1-year low of $22.61 and a 1-year high of $33.07. The stock has a market cap of $51.31 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09.
Manulife Financial Company Profile
(
Free Report)
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.
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