Americana Partners LLC Sells 12,875 Shares of Manulife Financial Co. (NYSE:MFC)

Americana Partners LLC lowered its position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,092 shares of the financial services provider’s stock after selling 12,875 shares during the period. Americana Partners LLC’s holdings in Manulife Financial were worth $1,753,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MFC. Brooklyn Investment Group bought a new stake in shares of Manulife Financial during the third quarter valued at approximately $26,000. Crews Bank & Trust acquired a new position in Manulife Financial during the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in Manulife Financial during the third quarter worth $30,000. Fortitude Family Office LLC acquired a new position in Manulife Financial during the third quarter worth $31,000. Finally, Stonebridge Financial Group LLC bought a new position in Manulife Financial in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Performance

Shares of NYSE MFC opened at $29.67 on Tuesday. The stock has a market cap of $51.13 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a fifty-two week low of $22.61 and a fifty-two week high of $33.07. The firm’s 50-day simple moving average is $30.42 and its 200 day simple moving average is $29.63.

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.