1,219 Shares in Manulife Financial Co. (NYSE:MFC) Bought by CKW Financial Group

CKW Financial Group acquired a new stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) in the 4th quarter, Holdings Channel reports. The firm acquired 1,219 shares of the financial services provider’s stock, valued at approximately $37,000.

Other large investors have also recently made changes to their positions in the company. West Financial Advisors LLC purchased a new position in Manulife Financial in the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in shares of Manulife Financial in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Manulife Financial during the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new stake in Manulife Financial in the third quarter worth $31,000. Finally, Tsfg LLC boosted its stake in Manulife Financial by 103.8% during the third quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock worth $42,000 after buying an additional 715 shares during the period. 52.56% of the stock is currently owned by institutional investors.

Manulife Financial Stock Down 0.5 %

MFC stock opened at $30.53 on Monday. The firm’s fifty day simple moving average is $31.12 and its two-hundred day simple moving average is $29.25. The stock has a market capitalization of $52.77 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. Manulife Financial Co. has a twelve month low of $21.54 and a twelve month high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings data 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. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.73 billion. During the same period in the prior year, the company posted $0.69 EPS. As a group, equities research analysts expect that Manulife Financial Co. will post 2.69 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently disclosed 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 payout ratio 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.