NEW YORK ( TheStreet) -- Manulife Financial Corporation (NYSE: MFC) hit a new 52-week low Tuesday as it is currently trading at $10.51, below its previous 52-week low of $10.63 with 109,095 shares traded as of 9:35 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. Manulife Financial has a market cap of $20.3 billion and is part of the financial sector and insurance industry. Shares are down 37.3% year to date as of the close of trading on Monday. Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Canada, the United States, and Asia. The company has a P/E ratio of 5.2, below the average insurance industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.
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