First Affirmative Financial Network Sells 502 Shares of Manulife Financial Co. (NYSE:MFC)

First Affirmative Financial Network lessened its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,905 shares of the financial services provider’s stock after selling 502 shares during the quarter. First Affirmative Financial Network’s holdings in Manulife Financial were worth $273,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. West Financial Advisors LLC acquired a new position in shares of Manulife Financial during the 3rd quarter worth about $26,000. Brooklyn Investment Group bought a new stake in Manulife Financial during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in Manulife Financial during the third quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new position in Manulife Financial in the third quarter valued at approximately $31,000. Finally, CKW Financial Group acquired a new position in shares of Manulife Financial during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Up 0.3 %

Shares of Manulife Financial stock opened at $30.48 on Friday. Manulife Financial Co. has a 12-month low of $21.54 and a 12-month high of $33.07. The business’s 50 day moving average is $31.00 and its 200-day moving average is $29.31. The stock has a market cap of $52.70 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.05 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same quarter last year, the company posted $0.69 earnings per share. On average, sell-side analysts expect that Manulife Financial Co. will post 2.67 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were issued a dividend of $0.296 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.18 dividend on an annualized basis and a yield of 3.88%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s dividend payout ratio (DPR) is presently 59.42%.

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.