Lincoln Capital Corp cut its position in Manulife Financial Co. (NYSE:MFC – Free Report) (TSE:MFC) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,543 shares of the financial services provider’s stock after selling 2,000 shares during the period. Lincoln Capital Corp’s holdings in Manulife Financial were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of MFC. Baron Wealth Management LLC lifted its holdings in shares of Manulife Financial by 2.3% in the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock worth $426,000 after buying an additional 330 shares in the last quarter. Americana Partners LLC raised its stake in shares of Manulife Financial by 0.5% in the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock valued at $2,068,000 after acquiring an additional 364 shares during the period. Arkadios Wealth Advisors lifted its stake in Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 547 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Manulife Financial by 4.5% in the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 569 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in Manulife Financial by 1.7% in the 3rd quarter. Daymark Wealth Partners LLC now owns 34,886 shares of the financial services provider’s stock valued at $1,031,000 after buying an additional 596 shares during the period. 52.56% of the stock is owned by institutional investors.
Manulife Financial Stock Up 0.7 %
Shares of NYSE:MFC opened at $30.64 on Friday. The stock has a market cap of $52.97 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. Manulife Financial Co. has a 52-week low of $21.54 and a 52-week high of $33.07. The business’s 50 day moving average is $31.21 and its 200 day moving average is $29.19.
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 paid a $0.296 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 3.86%. Manulife Financial’s dividend payout ratio (DPR) is 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.
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