Manulife Financial Co. (NYSE:MFC) Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,896,049 shares of the financial services provider’s stock after purchasing an additional 236,808 shares during the period. Manulife Financial makes up approximately 1.0% of Alberta Investment Management Corp’s portfolio, making the stock its 13th biggest holding. Alberta Investment Management Corp’s holdings in Manulife Financial were worth $150,333,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in Manulife Financial by 16.4% during the third quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock worth $61,426,000 after acquiring an additional 279,418 shares during the period. Sanctuary Advisors LLC grew its holdings in Manulife Financial by 148.9% during the third quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock worth $2,382,000 after acquiring an additional 43,877 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Manulife Financial by 14.9% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider’s stock worth $2,719,000 after acquiring an additional 11,509 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in Manulife Financial during the third quarter worth $13,318,000. Finally, DRW Securities LLC acquired a new position in Manulife Financial during the third quarter worth $1,008,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Price Performance

Shares of MFC stock opened at $30.04 on Wednesday. The firm has a market capitalization of $51.76 billion, a PE ratio of 14.51, a P/E/G ratio of 1.03 and a beta of 1.09. Manulife Financial Co. has a 1-year low of $22.61 and a 1-year high of $33.07. The business’s fifty day moving average price is $30.35 and its 200 day moving average price is $29.70.

Manulife Financial Company 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.