Union Bancaire Privee UBP SA Acquires New Shares in Manulife Financial Co. (NYSE:MFC)

Union Bancaire Privee UBP SA purchased a new stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,508 shares of the financial services provider’s stock, valued at approximately $138,000.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Manulife Financial during the 3rd quarter valued at $26,000. West Financial Advisors LLC bought a new stake in shares of Manulife Financial during the third quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in Manulife Financial in the third quarter worth about $30,000. Fortitude Family Office LLC acquired a new position in Manulife Financial during the 3rd quarter valued at about $31,000. Finally, Tsfg LLC raised its position in shares of 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 in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Price Performance

NYSE MFC opened at $30.38 on Thursday. Manulife Financial Co. has a 12 month low of $21.54 and a 12 month high of $33.07. The firm has a market capitalization of $52.51 billion, a PE ratio of 14.67, a P/E/G ratio of 1.05 and a beta of 1.09. The company’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $29.30.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Sell-side analysts anticipate that Manulife Financial Co. will post 2.69 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a $0.296 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.18 annualized dividend and a dividend yield of 3.90%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s payout ratio is currently 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.