Cigna Investments Inc. New Decreases Stock Holdings in Manulife Financial Co. (NYSE:MFC)

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

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of Manulife Financial during the fourth quarter valued at about $34,000. Savant Capital LLC increased its position in shares of Manulife Financial by 7.9% during the fourth quarter. Savant Capital LLC now owns 18,139 shares of the financial services provider’s stock valued at $557,000 after buying an additional 1,330 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Manulife Financial by 7.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 77,863 shares of the financial services provider’s stock valued at $2,391,000 after buying an additional 5,554 shares during the period. Empowered Funds LLC purchased a new position in shares of Manulife Financial during the fourth quarter valued at about $1,459,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Manulife Financial by 7.1% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 13,703 shares of the financial services provider’s stock valued at $421,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Manulife Financial Price Performance

Shares of NYSE MFC opened at $29.86 on Tuesday. Manulife Financial Co. has a 1 year low of $21.95 and a 1 year high of $33.07. The company’s 50-day moving average is $30.68 and its 200 day moving average is $29.50. The stock 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.

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.