Nicholas Hoffman & Company LLC. Purchases 516 Shares of Manulife Financial Co. (NYSE:MFC)

Nicholas Hoffman & Company LLC. raised its position in shares of 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. The fund owned 15,817 shares of the financial services provider’s stock after acquiring an additional 516 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Manulife Financial were worth $486,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI grew its position in shares of Manulife Financial by 13.5% during the 3rd quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock worth $829,374,000 after buying an additional 3,329,892 shares during the period. Bridgewater Associates LP boosted its stake in Manulife Financial by 169.6% during the third quarter. Bridgewater Associates LP now owns 1,404,481 shares of the financial services provider’s stock worth $41,554,000 after acquiring an additional 883,624 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Manulife Financial by 1,067.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 686,418 shares of the financial services provider’s stock worth $21,080,000 after purchasing an additional 627,614 shares during the period. Geode Capital Management LLC increased its stake in Manulife Financial by 8.1% in the third quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock valued at $247,473,000 after purchasing an additional 616,517 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Manulife Financial in the third quarter valued at $17,412,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Price Performance

MFC stock opened at $29.67 on Tuesday. Manulife Financial Co. has a 1 year low of $22.61 and a 1 year high of $33.07. The stock has a market capitalization of $51.13 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. The company’s 50-day moving average is $30.42 and its 200-day moving average is $29.63.

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.