Spinnaker Trust Decreases Holdings in Manulife Financial Co. (NYSE:MFC)

Spinnaker Trust decreased its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,151 shares of the financial services provider’s stock after selling 4,178 shares during the period. Spinnaker Trust’s holdings in Manulife Financial were worth $3,628,000 as of its most recent filing with the Securities & Exchange Commission.

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

Manulife Financial Trading Up 0.1 %

NYSE MFC opened at $29.67 on Friday. The company has a fifty day simple moving average of $30.47 and a two-hundred day simple moving average of $29.56. The stock has a market cap of $51.13 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 12-month low of $22.61 and a 12-month 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.