LMG Wealth Partners LLC Acquires 3,507 Shares of Manulife Financial Co. (NYSE:MFC)

LMG Wealth Partners LLC lifted its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,363 shares of the financial services provider’s stock after purchasing an additional 3,507 shares during the period. LMG Wealth Partners LLC’s holdings in Manulife Financial were worth $1,700,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its stake in shares of Manulife Financial by 2.3% during the 3rd quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock worth $426,000 after buying an additional 330 shares during the last quarter. Little House Capital LLC boosted its holdings in shares of Manulife Financial by 1.0% during the 4th quarter. Little House Capital LLC now owns 33,767 shares of the financial services provider’s stock worth $1,037,000 after buying an additional 331 shares during the period. Robertson Stephens Wealth Management LLC grew its position in shares of Manulife Financial by 1.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 339 shares during the last quarter. Americana Partners LLC increased its position 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 worth $2,068,000 after buying an additional 364 shares during the period. Finally, Nicholas Hoffman & Company LLC. increased its position in Manulife Financial by 3.4% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,817 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 516 shares during the period. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

NYSE MFC opened at $29.78 on Thursday. The company has a market cap of $51.31 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.03 and a beta of 1.09. Manulife Financial Co. has a 1-year low of $22.61 and a 1-year high of $33.07. The company has a 50 day moving average of $30.31 and a 200-day moving average of $29.70.

About Manulife Financial

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.