Manulife Financial Co. (NYSE:MFC) Shares Sold by Spinnaker Trust

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Baron Wealth Management LLC increased its stake in shares of Manulife Financial by 2.3% in the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 330 shares during the period. Robertson Stephens Wealth Management LLC increased its stake in shares of Manulife Financial by 1.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 339 shares during the period. Americana Partners LLC increased its stake in shares of Manulife Financial by 0.5% in the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock worth $2,068,000 after acquiring an additional 364 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Manulife Financial by 4.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 11,790 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 519 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in shares of Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Performance

MFC stock opened at $29.67 on Friday. The firm has a market cap of $51.13 billion, a PE ratio of 14.33, a P/E/G ratio of 1.04 and a beta of 1.09. The firm’s fifty day moving average is $30.47 and its 200 day moving average is $29.56. Manulife Financial Co. has a one year low of $22.61 and a one 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.