Signet Financial Management LLC Sells 1,787 Shares of Manulife Financial Co. (NYSE:MFC)

Signet Financial Management LLC lessened its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,698 shares of the financial services provider’s stock after selling 1,787 shares during the quarter. Signet Financial Management LLC’s holdings in Manulife Financial were worth $789,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in Manulife Financial during the 3rd quarter worth $26,000. West Financial Advisors LLC bought a new stake in shares of Manulife Financial during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of Manulife Financial in the third quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new position in Manulife Financial in the 3rd quarter valued at approximately $31,000. Finally, Tsfg LLC boosted its position in Manulife Financial by 103.8% during the 3rd 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 and hedge funds.

Manulife Financial Stock Down 0.7 %

NYSE MFC traded down $0.22 on Monday, hitting $29.57. The company’s stock had a trading volume of 4,896,317 shares, compared to its average volume of 1,511,799. The company’s 50-day moving average is $31.39 and its 200 day moving average is $28.99. The firm has a market cap of $51.12 billion, a PE ratio of 14.29, a PEG ratio of 1.14 and a beta of 1.09. Manulife Financial Co. has a 1-year low of $20.78 and a 1-year 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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.73 billion. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts expect that Manulife Financial Co. will post 2.72 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were paid a $0.296 dividend. The ex-dividend date was Wednesday, November 20th. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 4.00%. Manulife Financial’s payout ratio is 59.42%.

Manulife Financial Company 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.