Signaturefd LLC Has $900,000 Stock Holdings in Manulife Financial Co. (NYSE:MFC)

Signaturefd LLC raised its holdings in Manulife Financial Co. (NYSE:MFCFree Report) (TSE:MFC) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,207 shares of the financial services provider’s stock after buying an additional 3,938 shares during the period. Signaturefd LLC’s holdings in Manulife Financial were worth $900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MFC. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Manulife Financial in the 3rd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Manulife Financial in the 2nd quarter valued at $28,000. Arlington Trust Co LLC acquired a new stake in shares of Manulife Financial in the 3rd quarter valued at $29,000. Northwest Capital Management Inc acquired a new stake in shares of Manulife Financial in the 2nd quarter valued at $31,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Manulife Financial by 79.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,051 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 906 shares in the last quarter. Institutional investors own 45.02% of the company’s stock.

Analysts Set New Price Targets

MFC has been the topic of several recent research reports. Royal Bank of Canada raised Manulife Financial from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 12th. TheStreet raised Manulife Financial from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Finally, StockNews.com initiated coverage on Manulife Financial in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Get Our Latest Analysis on Manulife Financial

Manulife Financial Trading Down 0.3 %

NYSE:MFC traded down $0.07 during trading hours on Friday, hitting $21.85. 2,105,483 shares of the company were exchanged, compared to its average volume of 2,974,971. The stock has a market capitalization of $39.46 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. Manulife Financial Co. has a one year low of $17.07 and a one year high of $22.33. The company has a fifty day simple moving average of $20.88 and a 200 day simple moving average of $19.41.

Manulife Financial (NYSE:MFCGet Free Report) (TSE:MFC) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. Manulife Financial had a return on equity of 15.07% and a net margin of 10.79%. The firm had revenue of $6.95 billion during the quarter, compared to analyst estimates of $11.07 billion. Equities research analysts predict that Manulife Financial Co. will post 2.46 earnings per share for the current fiscal year.

Manulife Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Wednesday, November 22nd were given a $0.263 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Tuesday, November 21st. Manulife Financial’s payout ratio is 52.50%.

Manulife Financial Profile

(Free Report)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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.

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

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