Manulife Financial Co. (NYSE:MFC) is Heathbridge Capital Management Ltd.’s 7th Largest Position

Heathbridge Capital Management Ltd. reduced its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 26.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 474,950 shares of the financial services provider’s stock after selling 168,600 shares during the quarter. Manulife Financial comprises about 5.8% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 7th biggest position. Heathbridge Capital Management Ltd.’s holdings in Manulife Financial were worth $14,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in shares of Manulife Financial during the 3rd quarter valued at approximately $26,000. Crews Bank & Trust purchased a new position in Manulife Financial during the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new position in Manulife Financial during the third quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in shares of Manulife Financial in the third quarter valued at $31,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Manulife Financial in the 4th quarter worth about $34,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Manulife Financial Trading Up 0.1 %

Shares of NYSE:MFC opened at $29.67 on Friday. The company has a market capitalization of $51.13 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 12 month low of $22.61 and a 12 month high of $33.07. The firm’s 50-day moving average is $30.42 and its 200 day moving average is $29.59.

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.