Marks Group Wealth Management Inc Sells 15,178 Shares of Manulife Financial Co. (NYSE:MFC)

Marks Group Wealth Management Inc lowered its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 50.7% in the fourth quarter, HoldingsChannel reports. The firm owned 14,759 shares of the financial services provider’s stock after selling 15,178 shares during the period. Marks Group Wealth Management Inc’s holdings in Manulife Financial were worth $453,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Baron Wealth Management LLC lifted its position in shares of Manulife Financial by 2.3% in the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock valued at $426,000 after buying an additional 330 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its stake in Manulife Financial by 1.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock valued at $708,000 after acquiring an additional 339 shares during the period. Americana Partners LLC lifted its holdings in Manulife Financial by 0.5% during the 3rd quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 364 shares during the last quarter. Kingsview Wealth Management LLC boosted 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 purchasing an additional 519 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Price Performance

Shares of MFC opened at $29.58 on Thursday. The company’s 50-day moving average is $30.59 and its 200-day moving average is $29.56. The firm has a market capitalization of $50.97 billion, a PE ratio of 14.29, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a fifty-two week low of $21.95 and a fifty-two 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.