Ngam Advisors L.P. decreased its position in Manulife Financial Corp. (NYSE:MFC) (TSE:MFC) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 552,573 shares of the company’s stock after selling 1,128 shares during the period. Ngam Advisors L.P.’s holdings in Manulife Financial Corp. were worth $7,797,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. boosted its stake in Manulife Financial Corp. by 1.6% in the second quarter. Shell Asset Management Co. now owns 260,321 shares of the company’s stock valued at $4,600,000 after buying an additional 4,170 shares during the period. Davis Rea LTD. acquired a new stake in Manulife Financial Corp. during the second quarter valued at approximately $142,000. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in Manulife Financial Corp. by 6.8% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 327,735 shares of the company’s stock valued at $4,483,000 after buying an additional 21,010 shares during the period. Jones Collombin Investment Counsel Inc boosted its stake in Manulife Financial Corp. by 3.7% in the second quarter. Jones Collombin Investment Counsel Inc now owns 812,272 shares of the company’s stock valued at $11,106,000 after buying an additional 28,762 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Manulife Financial Corp. by 388.2% in the second quarter. Acadian Asset Management LLC now owns 33,200 shares of the company’s stock valued at $452,000 after buying an additional 26,400 shares during the period. Hedge funds and other institutional investors own 48.50% of the company’s stock.

Institutional Ownership by Quarter for Manulife Financial Corp. (NYSE:MFC)

Shares of Manulife Financial Corp. (NYSE:MFC) traded up 1.92% during trading on Wednesday, hitting $17.51. The company’s stock had a trading volume of 1,572,383 shares. The firm’s 50 day moving average is $15.42 and its 200-day moving average is $14.25. Manulife Financial Corp. has a 1-year low of $10.99 and a 1-year high of $17.71. The company has a market capitalization of $34.55 billion, a P/E ratio of 15.66 and a beta of 1.51.

Manulife Financial Corp. (NYSE:MFC) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.15. Manulife Financial Corp. had a return on equity of 9.05% and a net margin of 4.63%. During the same period in the prior year, the company posted $0.43 earnings per share. Analysts forecast that Manulife Financial Corp. will post $1.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Tuesday, November 22nd will be paid a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, November 18th. Manulife Financial Corp.’s dividend payout ratio is currently 49.11%.

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Several analysts have commented on the company. BMO Capital Markets set a $21.00 price target on Manulife Financial Corp. and gave the company a “buy” rating in a report on Friday, August 5th. CIBC cut Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, August 4th. Macquarie cut Manulife Financial Corp. from an “outperform” rating to a “neutral” rating in a report on Thursday, August 4th. Scotiabank reiterated an “outperform” rating and set a $19.00 target price (down previously from $20.00) on shares of Manulife Financial Corp. in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Manulife Financial Corp. in a report on Monday, November 14th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.38.

About Manulife Financial Corp.

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

5 Day Chart for NYSE:MFC

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