Manulife Financial Co. (NYSE:MFC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 412,659 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Vontobel Holding Ltd.’s holdings in Manulife Financial were worth $12,661,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Manulife Financial during the fourth quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Manulife Financial during the third quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of Manulife Financial during the third quarter valued at $30,000. Fortitude Family Office LLC acquired a new stake in Manulife Financial in the third quarter worth about $31,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Manulife Financial in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Up 0.1 %

MFC stock opened at $29.67 on Friday. The company has a market capitalization of $51.13 billion, a P/E ratio of 14.33, a PEG ratio of 1.04 and a beta of 1.09. The company has a 50-day simple moving average of $30.47 and a 200 day simple moving average of $29.56. 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.