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

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MFC. CWM LLC lifted its position in shares of Manulife Financial by 18.2% during the 3rd quarter. CWM LLC now owns 15,072 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 2,326 shares during the last quarter. Creative Planning increased its position in Manulife Financial by 3.9% in the 3rd quarter. Creative Planning now owns 173,349 shares of the financial services provider’s stock worth $5,122,000 after buying an additional 6,455 shares during the period. Mustard Seed Financial LLC acquired a new position in shares of Manulife Financial during the third quarter worth approximately $205,000. Tsfg LLC boosted its position in shares of Manulife Financial by 103.8% in the third quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 715 shares during the period. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Manulife Financial by 3.1% in the third quarter. Sumitomo Life Insurance Co. now owns 30,773 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 931 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

Shares of MFC stock opened at $29.63 on Wednesday. The firm has a market capitalization of $51.05 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 1 year low of $21.95 and a 1 year high of $33.07. The firm’s fifty day simple moving average is $30.64 and its 200 day simple moving average is $29.53.

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.