Natixis Advisors LLC Has $6.19 Million Stake in Manulife Financial Corp $MFC

Natixis Advisors LLC trimmed its stake in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 35.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,697 shares of the financial services provider’s stock after selling 94,395 shares during the period. Natixis Advisors LLC’s holdings in Manulife Financial were worth $6,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in Manulife Financial in the 4th quarter worth $25,000. Hantz Financial Services Inc. acquired a new stake in shares of Manulife Financial during the 4th quarter valued at about $28,000. Blueline Advisors LLC acquired a new stake in shares of Manulife Financial during the 4th quarter valued at about $34,000. Wolff Wiese Magana LLC boosted its position in shares of Manulife Financial by 269.2% during the 4th quarter. Wolff Wiese Magana LLC now owns 960 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 700 shares in the last quarter. Finally, American Wealth Advisors LLC acquired a new stake in shares of Manulife Financial during the 3rd quarter valued at about $36,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MFC has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Manulife Financial in a research report on Friday, February 13th. TD Securities reaffirmed a “buy” rating on shares of Manulife Financial in a research note on Thursday, May 14th. Weiss Ratings upgraded Manulife Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, May 28th. Finally, Scotiabank reissued an “outperform” rating on shares of Manulife Financial in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $51.50.

Manulife Financial Trading Up 0.6%

Shares of NYSE MFC opened at $38.94 on Tuesday. Manulife Financial Corp has a 1-year low of $29.70 and a 1-year high of $40.40. The company has a market cap of $64.98 billion, a PE ratio of 15.45 and a beta of 0.84. The company has a 50-day moving average of $37.88 and a two-hundred day moving average of $36.62.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, May 13th. The financial services provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). Manulife Financial had a return on equity of 16.58% and a net margin of 10.19%.The company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, equities research analysts forecast that Manulife Financial Corp will post 3.2 earnings per share for the current year.

Manulife Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 29th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.0%. Manulife Financial’s payout ratio is currently 56.75%.

Manulife Financial Profile

Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.