Kathmere Capital Management LLC Has $410,000 Stock Holdings in Manulife Financial Co. (NYSE:MFC)

Kathmere Capital Management LLC raised its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,340 shares of the financial services provider’s stock after purchasing an additional 569 shares during the period. Kathmere Capital Management LLC’s holdings in Manulife Financial were worth $410,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased its position in Manulife Financial by 5.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 30,456 shares of the financial services provider’s stock valued at $811,000 after buying an additional 1,589 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Manulife Financial by 23.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,901 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 13,069 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Manulife Financial by 14.3% during the second quarter. Blair William & Co. IL now owns 25,271 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 3,171 shares in the last quarter. WCG Wealth Advisors LLC raised its position in shares of Manulife Financial by 51.9% during the second quarter. WCG Wealth Advisors LLC now owns 27,561 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 9,414 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Manulife Financial in the 2nd quarter worth $80,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Trading Up 0.4 %

Shares of MFC stock opened at $30.81 on Friday. The firm has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $29.05. Manulife Financial Co. has a 12 month low of $20.78 and a 12 month high of $33.07. The firm has a market capitalization of $53.26 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.69 EPS. On average, equities analysts predict that Manulife Financial Co. will post 2.71 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were given a dividend of $0.296 per share. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, November 20th. This represents a $1.18 annualized dividend and a dividend yield of 3.84%. Manulife Financial’s payout ratio is presently 59.42%.

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.