Sumitomo Mitsui DS Asset Management Company Ltd Has $903,000 Holdings in Manulife Financial Co. (NYSE:MFC)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,396 shares of the financial services provider’s stock after selling 1,377 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Manulife Financial were worth $903,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Baron Wealth Management LLC grew its holdings in shares of Manulife Financial by 2.3% during 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 in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in Manulife Financial by 1.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 339 shares during the period. Americana Partners LLC grew its stake 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 acquiring an additional 364 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Manulife Financial by 1.3% in the 3rd 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 period. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Manulife Financial by 4.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 13,199 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 549 shares in the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Stock Performance

Shares of MFC opened at $29.63 on Wednesday. The company has a market capitalization of $51.05 billion, a PE ratio of 14.31, a PEG ratio of 1.04 and a beta of 1.09. The company’s 50 day moving average price is $30.64 and its 200 day moving average price is $29.53. Manulife Financial Co. has a 52 week low of $21.95 and a 52 week high of $33.07.

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.