Heathbridge Capital Management Ltd. lifted its position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,645,600 shares of the financial services provider’s stock after purchasing an additional 10,200 shares during the quarter. Manulife Financial accounts for about 6.7% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 2nd largest holding. Heathbridge Capital Management Ltd. owned approximately 0.08% of Manulife Financial worth $34,327,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MFC. USS Investment Management Ltd purchased a new position in shares of Manulife Financial in the 3rd quarter worth about $158,409,000. JPMorgan Chase & Co. boosted its holdings in shares of Manulife Financial by 61.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,499,145 shares of the financial services provider’s stock worth $192,643,000 after purchasing an additional 3,610,444 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Manulife Financial by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 44,039,248 shares of the financial services provider’s stock worth $826,177,000 after purchasing an additional 1,882,515 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Manulife Financial by 7.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 21,013,888 shares of the financial services provider’s stock worth $425,407,000 after purchasing an additional 1,463,511 shares in the last quarter. Finally, TD Asset Management Inc. boosted its holdings in shares of Manulife Financial by 1.6% in the 3rd quarter. TD Asset Management Inc. now owns 59,703,080 shares of the financial services provider’s stock worth $1,208,240,000 after purchasing an additional 927,841 shares in the last quarter. Hedge funds and other institutional investors own 46.52% of the company’s stock.
Manulife Financial Co. (NYSE MFC) traded up $0.13 during midday trading on Tuesday, hitting $21.94. The stock had a trading volume of 1,800,000 shares, compared to its average volume of 1,890,000. Manulife Financial Co. has a 12 month low of $16.62 and a 12 month high of $22.12. The company has a market cap of $43,980.00, a price-to-earnings ratio of 14.93, a PEG ratio of 1.13 and a beta of 1.33.
Manulife Financial (NYSE:MFC) (TSE:MFC) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. research analysts expect that Manulife Financial Co. will post 1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were paid a $0.1606 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, November 20th. Manulife Financial’s dividend payout ratio (DPR) is presently 43.54%.
A number of research firms have recently issued reports on MFC. Morgan Stanley upped their price objective on Manulife Financial from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. ValuEngine cut Manulife Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, September 18th. Finally, Zacks Investment Research upgraded Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, January 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Manulife Financial currently has an average rating of “Buy” and an average price target of $25.00.
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Manulife Financial Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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