Kestra Private Wealth Services LLC Boosts Stock Position in Manulife Financial Co. (NYSE:MFC)

Kestra Private Wealth Services LLC boosted its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,863 shares of the financial services provider’s stock after purchasing an additional 5,554 shares during the period. Kestra Private Wealth Services LLC’s holdings in Manulife Financial were worth $2,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its stake in shares of Manulife Financial by 18.2% during the third quarter. CWM LLC now owns 15,072 shares of the financial services provider’s stock valued at $445,000 after buying an additional 2,326 shares during the period. Creative Planning boosted its holdings in Manulife Financial by 3.9% in the third quarter. Creative Planning now owns 173,349 shares of the financial services provider’s stock valued at $5,122,000 after acquiring an additional 6,455 shares in the last quarter. Mustard Seed Financial LLC purchased a new position in Manulife Financial during the 3rd quarter valued at $205,000. Tsfg LLC lifted its position in shares of Manulife Financial by 103.8% in the 3rd quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 715 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its position in shares of Manulife Financial by 3.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 30,773 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 931 shares during the period. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

Shares of MFC opened at $29.63 on Wednesday. Manulife Financial Co. has a 1-year low of $21.95 and a 1-year high of $33.07. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.04 and a beta of 1.09. The firm’s 50-day moving average price is $30.64 and its 200-day moving average price is $29.53.

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.