Manulife Financial Co. (NYSE:MFC) Short Interest Update

Manulife Financial Co. (NYSE:MFC) (TSE:MFC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 11,180,000 shares, a growth of 42.1% from the January 15th total of 7,870,000 shares. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is presently 5.5 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings 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 valued at $445,000 after buying an additional 2,326 shares during the period. Creative Planning raised its stake in shares of Manulife Financial by 3.9% during the third quarter. Creative Planning now owns 173,349 shares of the financial services provider’s stock valued at $5,122,000 after purchasing an additional 6,455 shares during the period. Tsfg LLC lifted its position in shares of Manulife Financial by 103.8% during the third quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 715 shares in the last quarter. Sumitomo Life Insurance Co. boosted 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 valued at $909,000 after purchasing an additional 931 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Manulife Financial by 3.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,773 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 931 shares in the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Stock Up 0.1 %

Shares of MFC stock traded up $0.03 during mid-day trading on Friday, reaching $29.67. The company’s stock had a trading volume of 1,150,869 shares, compared to its average volume of 1,887,462. The firm has a market capitalization of $51.13 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. The company’s 50 day simple moving average is $30.42 and its 200-day simple moving average is $29.61. Manulife Financial has a 12-month low of $22.61 and a 12-month 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.