Manulife Financial Co. (NYSE:MFC) Stake Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,659 shares of the financial services provider’s stock after selling 2,000 shares during the period. Vontobel Holding Ltd.’s holdings in Manulife Financial were worth $12,661,000 as of its most recent SEC filing.

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

Manulife Financial Stock Performance

Shares of NYSE:MFC opened at $29.67 on Friday. The company 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. The stock’s 50-day moving average is $30.47 and its 200-day moving average is $29.56. Manulife Financial Co. has a 52-week low of $22.61 and a 52-week 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.