Kestra Private Wealth Services LLC Acquires 5,554 Shares of Manulife Financial Co. (NYSE:MFC)

Kestra Private Wealth Services LLC boosted its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,863 shares of the financial services provider’s stock after buying an additional 5,554 shares during the period. Kestra Private Wealth Services LLC’s holdings in Manulife Financial were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MFC. Empowered Funds LLC bought a new stake in shares of Manulife Financial during the fourth quarter valued at about $1,459,000. Farmers & Merchants Investments Inc. boosted its stake in 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. Kingsview Wealth Management LLC grew its position in Manulife Financial by 4.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 11,790 shares of the financial services provider’s stock worth $362,000 after buying an additional 519 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Manulife Financial by 21.0% in the 4th quarter. Apollon Wealth Management LLC now owns 9,732 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of Manulife Financial by 1.1% in the 4th quarter. Cidel Asset Management Inc. now owns 494,733 shares of the financial services provider’s stock valued at $15,191,000 after acquiring an additional 5,226 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

Shares of NYSE MFC opened at $29.63 on Wednesday. The business has a 50-day moving average of $30.64 and a 200-day moving average of $29.53. 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. Manulife Financial Co. has a 12 month low of $21.95 and a 12 month 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.