Richard P Slaughter Associates Inc Lowers Position in Manulife Financial Co. (NYSE:MFC)

Richard P Slaughter Associates Inc cut its stake in shares of Manulife Financial Co. (NYSE:MFCFree Report) (TSE:MFC) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,700 shares of the financial services provider’s stock after selling 3,552 shares during the period. Richard P Slaughter Associates Inc’s holdings in Manulife Financial were worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in Manulife Financial by 130.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 54,049 shares of the financial services provider’s stock worth $1,439,000 after purchasing an additional 30,614 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Manulife Financial by 5.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 30,456 shares of the financial services provider’s stock worth $811,000 after acquiring an additional 1,589 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Manulife Financial by 23.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,901 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 13,069 shares during the last quarter. Blair William & Co. IL boosted its position in Manulife Financial by 14.3% in the second quarter. Blair William & Co. IL now owns 25,271 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 3,171 shares during the last quarter. Finally, WCG Wealth Advisors LLC increased its position in shares of Manulife Financial by 51.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 27,561 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 9,414 shares during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Price Performance

NYSE MFC opened at $29.82 on Wednesday. The stock has a market capitalization of $51.55 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.14 and a beta of 1.09. The business’s fifty day moving average is $31.38 and its 200-day moving average is $29.04. Manulife Financial Co. has a one year low of $20.78 and a one year high of $33.07.

Manulife Financial (NYSE:MFCGet Free Report) (TSE:MFC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. The firm had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.73 billion. During the same period in the previous year, the company earned $0.69 earnings per share. Research analysts expect that Manulife Financial Co. will post 2.72 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. This is an increase from Manulife Financial’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, November 20th. This represents a $1.18 annualized dividend and a dividend yield of 3.97%. Manulife Financial’s dividend payout ratio is presently 59.42%.

About Manulife Financial

(Free Report)

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.

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

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