Grace & White Inc. NY Trims Holdings in Manulife Financial Co. (NYSE:MFC)

Grace & White Inc. NY reduced its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,805 shares of the financial services provider’s stock after selling 800 shares during the quarter. Manulife Financial makes up approximately 2.5% of Grace & White Inc. NY’s investment portfolio, making the stock its 11th largest position. Grace & White Inc. NY’s holdings in Manulife Financial were worth $13,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Manulife Financial in the 3rd quarter valued at about $26,000. Crews Bank & Trust bought a new stake in shares of Manulife Financial during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Manulife Financial in the third quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new position in Manulife Financial in the third quarter worth approximately $31,000. Finally, Stonebridge Financial Group LLC purchased a new position in Manulife Financial during the 4th quarter worth $34,000. 52.56% of the stock is currently owned by institutional investors.

Manulife Financial Trading Down 0.1 %

Shares of MFC stock opened at $29.58 on Thursday. Manulife Financial Co. has a twelve month low of $21.95 and a twelve month high of $33.07. The stock has a fifty day simple moving average of $30.59 and a two-hundred day simple moving average of $29.56. The stock has a market capitalization of $50.97 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.04 and a beta of 1.09.

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.