Manulife Financial Co. (NYSE:MFC) Stock Position Reduced by Stephens Inc. AR

Stephens Inc. AR cut its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 12.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,050 shares of the financial services provider’s stock after selling 1,685 shares during the period. Stephens Inc. AR’s holdings in Manulife Financial were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC grew its position in Manulife Financial by 2.3% during the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 330 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in Manulife Financial by 1.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 339 shares in the last quarter. Americana Partners LLC grew its position in Manulife Financial by 0.5% during the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 364 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Manulife Financial by 4.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 11,790 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 519 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Manulife Financial by 1.3% during the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 547 shares in the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

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 price-to-earnings 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. The firm has a 50 day moving average of $30.42 and a two-hundred day moving average of $29.59.

Manulife Financial Company 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.