Pacifica Partners Inc. Trims Stake in Manulife Financial Co. (NYSE:MFC)

Pacifica Partners Inc. lowered its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,707 shares of the financial services provider’s stock after selling 1,380 shares during the period. Pacifica Partners Inc.’s holdings in Manulife Financial were worth $113,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in Manulife Financial by 130.6% in the second quarter. Oppenheimer & Co. Inc. now owns 54,049 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 30,614 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Manulife Financial by 5.5% during 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 lifted its holdings in shares of Manulife Financial by 23.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,901 shares of the financial services provider’s stock worth $1,858,000 after acquiring an additional 13,069 shares during the last quarter. Blair William & Co. IL grew its position in Manulife Financial by 14.3% in the second quarter. Blair William & Co. IL now owns 25,271 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 3,171 shares in the last quarter. Finally, WCG Wealth Advisors LLC increased its stake in Manulife Financial by 51.9% in the second quarter. WCG Wealth Advisors LLC now owns 27,561 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 9,414 shares during the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Stock Up 0.9 %

Shares of MFC stock opened at $29.82 on Wednesday. The firm has a market cap of $51.55 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The business has a 50-day moving average price of $31.38 and a two-hundred day moving average price of $29.04. Manulife Financial Co. has a 12-month low of $20.78 and a 12-month high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.30. The business had revenue of $10.69 billion during the quarter, compared to analyst estimates of $9.73 billion. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, research analysts expect that Manulife Financial Co. will post 2.72 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. 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 dividend yield of 3.97%. The ex-dividend date was Wednesday, November 20th. 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.