Manulife Financial Corp (MFC) Shares Sold by Whittier Trust Co.
Whittier Trust Co. cut its position in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,872 shares of the financial services provider’s stock after selling 146 shares during the period. Whittier Trust Co.’s holdings in Manulife Financial Corp were worth $223,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. First Personal Financial Services increased its stake in Manulife Financial Corp by 118.4% in the first quarter. First Personal Financial Services now owns 7,442 shares of the financial services provider’s stock worth $132,000 after buying an additional 4,035 shares during the period. Howard Hughes Medical Institute acquired a new stake in Manulife Financial Corp during the first quarter worth about $155,000. Huntington National Bank increased its stake in Manulife Financial Corp by 220.4% in the first quarter. Huntington National Bank now owns 10,354 shares of the financial services provider’s stock worth $184,000 after buying an additional 7,122 shares during the period. Greenleaf Trust acquired a new stake in Manulife Financial Corp during the first quarter worth about $185,000. Finally, Smith Asset Management Group LP acquired a new stake in Manulife Financial Corp during the first quarter worth about $192,000. Institutional investors own 48.30% of the company’s stock.
Shares of Manulife Financial Corp (NYSE:MFC) traded down 1.56% during trading on Friday, reaching $19.47. 2,501,875 shares of the company were exchanged. The company has a market capitalization of $38.51 billion, a PE ratio of 13.50 and a beta of 1.30. The firm’s 50 day moving average price is $19.90 and its 200 day moving average price is $18.40. Manulife Financial Corp has a one year low of $13.29 and a one year high of $20.84.
Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last released its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $12.34 billion during the quarter, compared to analysts’ expectations of $16.09 billion. During the same period in the previous year, the company posted $0.40 earnings per share. Equities research analysts forecast that Manulife Financial Corp will post $1.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd will be given a $0.1621 dividend. This is a positive change from Manulife Financial Corp’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, August 18th. Manulife Financial Corp’s dividend payout ratio is presently 43.48%.
A number of research firms have recently issued reports on MFC. BidaskClub upgraded shares of Manulife Financial Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. National Bank Financial restated a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Monday, July 10th. Finally, ValuEngine downgraded shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.33.
Manulife Financial Corp Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
Receive News & Stock Ratings for Manulife Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp and related stocks with our FREE daily email newsletter.