One Capital Management LLC Makes New Investment in Manulife Financial Corp $MFC

One Capital Management LLC purchased a new position in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,022 shares of the financial services provider’s stock, valued at approximately $655,000.

A number of other large investors also recently added to or reduced their stakes in MFC. Basepoint Wealth LLC acquired a new stake in shares of Manulife Financial in the fourth quarter valued at $25,000. Hantz Financial Services Inc. acquired a new stake in shares of Manulife Financial in the fourth quarter valued at $28,000. Blueline Advisors LLC acquired a new stake in shares of Manulife Financial in the fourth quarter valued at $34,000. Wolff Wiese Magana LLC raised its stake in shares of Manulife Financial by 269.2% in the fourth 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 in the third quarter valued at $36,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Performance

Shares of MFC stock opened at $38.50 on Friday. The stock’s 50-day moving average is $37.71 and its two-hundred day moving average is $36.55. The firm has a market cap of $64.24 billion, a price-to-earnings ratio of 15.28 and a beta of 0.84. Manulife Financial Corp has a 1 year low of $29.70 and a 1 year high of $40.40.

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

Manulife Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 29th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, May 29th. Manulife Financial’s dividend payout ratio (DPR) is presently 56.35%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MFC. Weiss Ratings upgraded Manulife Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, May 28th. TD Securities reiterated a “buy” rating on shares of Manulife Financial in a research note on Thursday, May 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Manulife Financial in a report on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Manulife Financial in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $51.50.

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.