Empowered Funds LLC Makes New $1.46 Million Investment in Manulife Financial Co. (NYSE:MFC)

Empowered Funds LLC bought a new stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 47,518 shares of the financial services provider’s stock, valued at approximately $1,459,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. National Bank of Canada FI raised 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 purchasing 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 acquiring an additional 883,624 shares during the last quarter. Assenagon Asset Management S.A. increased 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 valued at $21,080,000 after purchasing an additional 627,614 shares during the period. Geode Capital Management LLC lifted its holdings in Manulife Financial by 8.1% in the third 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 period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Manulife Financial during the third quarter valued at $17,412,000. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Up 0.1 %

MFC stock opened at $29.67 on Monday. The firm has a market cap of $51.13 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. The stock has a 50-day moving average price of $30.42 and a 200-day moving average price of $29.61. Manulife Financial Co. has a 1-year low of $22.61 and a 1-year 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.