Kingsview Wealth Management LLC Acquires 519 Shares of Manulife Financial Co. (NYSE:MFC)

Kingsview Wealth Management LLC raised its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,790 shares of the financial services provider’s stock after buying an additional 519 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Manulife Financial were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Manulife Financial in the 3rd quarter valued at approximately $26,000. Crews Bank & Trust acquired a new stake in Manulife Financial in the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of Manulife Financial during the third quarter worth $30,000. Fortitude Family Office LLC acquired a new position in shares of Manulife Financial in the 3rd quarter valued at $31,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Manulife Financial in the 4th quarter valued at $35,000. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Up 0.1 %

Shares of Manulife Financial stock opened at $29.62 on Friday. The stock’s fifty day simple moving average is $30.53 and its 200 day simple moving average is $29.56. The company has a market capitalization of $51.04 billion, a PE ratio of 14.31, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 12 month low of $22.33 and a 12 month 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.