Center for Financial Planning Inc. Increases Stock Holdings in Manulife Financial Co. (NYSE:MFC)

Center for Financial Planning Inc. lifted its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,622 shares of the financial services provider’s stock after buying an additional 548 shares during the period. Center for Financial Planning Inc.’s holdings in Manulife Financial were worth $81,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. National Bank of Canada FI boosted its position in shares of Manulife Financial by 13.5% during the third quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock valued at $829,374,000 after buying an additional 3,329,892 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $247,473,000 after purchasing an additional 616,517 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Manulife Financial by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider’s stock worth $153,455,000 after purchasing an additional 158,216 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Manulife Financial by 1.8% in the third quarter. The Manufacturers Life Insurance Company now owns 2,035,663 shares of the financial services provider’s stock worth $60,202,000 after purchasing an additional 36,838 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Manulife Financial by 16.4% in the third quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock worth $61,426,000 after purchasing an additional 279,418 shares during the last quarter. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Up 0.1 %

MFC stock opened at $29.67 on Friday. The stock’s fifty day simple moving average is $30.47 and its two-hundred day simple moving average is $29.56. Manulife Financial Co. has a 1-year low of $22.61 and a 1-year high of $33.07. The stock has a market cap of $51.13 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.04 and a beta of 1.09.

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.