Creative Planning decreased its position in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,950 shares of the financial services provider’s stock after selling 140 shares during the period. Creative Planning’s holdings in Manulife Financial Corp were worth $524,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in MFC. Whittier Trust Co. increased its position in Manulife Financial Corp by 1.2% in the first quarter. Whittier Trust Co. now owns 12,018 shares of the financial services provider’s stock worth $213,000 after buying an additional 146 shares during the period. Park National Corp OH increased its position in Manulife Financial Corp by 1.2% in the first quarter. Park National Corp OH now owns 13,017 shares of the financial services provider’s stock worth $231,000 after buying an additional 155 shares during the period. Regentatlantic Capital LLC increased its position in Manulife Financial Corp by 0.8% in the first quarter. Regentatlantic Capital LLC now owns 22,841 shares of the financial services provider’s stock worth $405,000 after buying an additional 182 shares during the period. First National Bank & Trust Co. of Newtown increased its position in Manulife Financial Corp by 5.7% in the first quarter. First National Bank & Trust Co. of Newtown now owns 10,892 shares of the financial services provider’s stock worth $193,000 after buying an additional 586 shares during the period. Finally, BB&T Corp increased its position in Manulife Financial Corp by 1.5% in the first quarter. BB&T Corp now owns 38,526 shares of the financial services provider’s stock worth $683,000 after buying an additional 586 shares during the period. 48.27% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Corp (MFC) traded up 0.024% during midday trading on Monday, hitting $20.475. The stock had a trading volume of 1,084,694 shares. Manulife Financial Corp has a 1-year low of $12.92 and a 1-year high of $20.84. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $18.28. The stock has a market capitalization of $40.47 billion, a PE ratio of 16.525 and a beta of 1.30.

ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/07/creative-planning-cuts-position-in-manulife-financial-corp-nysemfc-updated.html.

A number of research firms have weighed in on MFC. BidaskClub raised Manulife Financial Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. National Bank Financial reissued a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. ValuEngine downgraded Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a report on Monday, July 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Manulife Financial Corp has an average rating of “Buy” and an average price target of $22.25.

About Manulife Financial Corp

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Institutional Ownership by Quarter for Manulife Financial Corp (NYSE:MFC)

Receive News & Stock Ratings for Manulife Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp and related stocks with our FREE daily email newsletter.