Manulife Financial Co. (NYSE:MFC) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. reduced its stake in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 10.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 377,214 shares of the financial services provider's stock after selling 44,194 shares during the quarter. Manulife Financial comprises about 2.2% of Triasima Portfolio Management inc.'s portfolio, making the stock its 7th largest holding. Triasima Portfolio Management inc.'s holdings in Manulife Financial were worth $11,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Manulife Financial by 13.5% in the third quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider's stock valued at $829,374,000 after buying an additional 3,329,892 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Manulife Financial by 169.6% in the third quarter. Bridgewater Associates LP now owns 1,404,481 shares of the financial services provider's stock valued at $41,554,000 after purchasing an additional 883,624 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Manulife Financial by 1,067.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 686,418 shares of the financial services provider's stock worth $21,080,000 after purchasing an additional 627,614 shares during the period. Geode Capital Management LLC raised its stake in shares of Manulife Financial by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider's stock valued at $247,473,000 after buying an additional 616,517 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Manulife Financial in the third quarter worth about $17,412,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Performance

Manulife Financial stock traded down $0.25 during midday trading on Tuesday, hitting $29.63. 740,874 shares of the company were exchanged, compared to its average volume of 1,742,413. The business has a fifty day simple moving average of $30.64 and a two-hundred day simple moving average of $29.53. The firm has a market capitalization of $51.05 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a fifty-two week low of $21.95 and a fifty-two week high of $33.07.

About Manulife Financial

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.