Cigna Investments Inc. New Sells 740 Shares of Manulife Financial Co. (NYSE:MFC)

Cigna Investments Inc. New trimmed its position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,785 shares of the financial services provider’s stock after selling 740 shares during the period. Cigna Investments Inc. New’s holdings in Manulife Financial were worth $1,007,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Manulife Financial by 16.4% in the 3rd 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 period. Sanctuary Advisors LLC lifted its holdings in shares of Manulife Financial by 148.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock worth $2,382,000 after acquiring an additional 43,877 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Manulife Financial by 14.9% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider’s stock worth $2,719,000 after acquiring an additional 11,509 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Manulife Financial during the 3rd quarter worth $13,318,000. Finally, DRW Securities LLC bought a new stake in shares of Manulife Financial during the 3rd quarter worth $1,008,000. 52.56% of the stock is owned by institutional investors.

Manulife Financial Stock Performance

NYSE MFC opened at $29.86 on Tuesday. Manulife Financial Co. has a 52-week low of $21.95 and a 52-week high of $33.07. The company has a market capitalization of $51.45 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.04 and a beta of 1.09. The company has a fifty day moving average of $30.68 and a 200-day moving average of $29.50.

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.