Manulife Financial Co. (NYSE:MFC) Shares Purchased by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. increased its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 40.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,754 shares of the financial services provider’s stock after purchasing an additional 800 shares during the period. Pinnacle Bancorp Inc.’s holdings in Manulife Financial were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of Manulife Financial by 13.5% during the 3rd quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock worth $829,374,000 after buying an additional 3,329,892 shares during the last quarter. Toronto Dominion Bank grew its position in Manulife Financial by 3.2% in the second quarter. Toronto Dominion Bank now owns 24,057,503 shares of the financial services provider’s stock worth $640,411,000 after acquiring an additional 750,422 shares during the period. 1832 Asset Management L.P. increased its stake in Manulife Financial by 34.3% during the second quarter. 1832 Asset Management L.P. now owns 19,723,609 shares of the financial services provider’s stock worth $525,042,000 after acquiring an additional 5,036,716 shares during the last quarter. Legal & General Group Plc raised its position in Manulife Financial by 0.5% in the second quarter. Legal & General Group Plc now owns 14,783,400 shares of the financial services provider’s stock valued at $393,592,000 after purchasing an additional 75,244 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Manulife Financial by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock valued at $247,473,000 after purchasing an additional 616,517 shares during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Trading Up 0.4 %

NYSE MFC opened at $30.81 on Friday. The stock has a market cap of $53.26 billion, a PE ratio of 14.88, a P/E/G ratio of 1.01 and a beta of 1.09. Manulife Financial Co. has a twelve month low of $20.78 and a twelve month high of $33.07. The stock has a fifty day simple moving average of $31.37 and a 200-day simple moving average of $29.05.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. The business had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same period last year, the business earned $0.69 earnings per share. Research analysts predict that Manulife Financial Co. will post 2.71 EPS for the current year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were given a $0.296 dividend. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, November 20th. This represents a $1.18 dividend on an annualized basis and a yield of 3.84%. 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.