Measured Wealth Private Client Group LLC Buys 2,740 Shares of Manulife Financial Co. (NYSE:MFC)

Measured Wealth Private Client Group LLC increased its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,302 shares of the financial services provider’s stock after buying an additional 2,740 shares during the quarter. Manulife Financial accounts for about 0.5% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 28th largest position. Measured Wealth Private Client Group LLC’s holdings in Manulife Financial were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank grew its stake in Manulife Financial by 57.9% during the first quarter. Toronto Dominion Bank now owns 23,307,081 shares of the financial services provider’s stock worth $582,444,000 after buying an additional 8,548,114 shares during the last quarter. 1832 Asset Management L.P. raised its position in Manulife Financial by 103.1% in the 1st quarter. 1832 Asset Management L.P. now owns 14,686,893 shares of the financial services provider’s stock valued at $367,025,000 after purchasing an additional 7,456,712 shares during the last quarter. National Bank of Canada FI raised its position in Manulife Financial by 14.8% in the 1st quarter. National Bank of Canada FI now owns 28,803,968 shares of the financial services provider’s stock valued at $749,435,000 after purchasing an additional 3,720,693 shares during the last quarter. M&G Plc bought a new stake in shares of Manulife Financial during the first quarter worth $75,231,000. Finally, Acadian Asset Management LLC increased its stake in shares of Manulife Financial by 288.4% in the second quarter. Acadian Asset Management LLC now owns 3,943,509 shares of the financial services provider’s stock valued at $104,966,000 after buying an additional 2,928,316 shares in the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MFC shares. Barclays began coverage on shares of Manulife Financial in a research report on Thursday, September 5th. They set an “equal weight” rating on the stock. Dbs Bank upgraded shares of Manulife Financial to a “strong-buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $35.67.

Manulife Financial Stock Down 0.3 %

Shares of Manulife Financial stock opened at $29.97 on Thursday. The stock has a market cap of $53.63 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The business has a fifty day simple moving average of $28.92 and a 200 day simple moving average of $26.72. Manulife Financial Co. has a 12 month low of $17.31 and a 12 month high of $30.86.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.27. Manulife Financial had a net margin of 9.18% and a return on equity of 16.16%. The firm had revenue of $9.41 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same period in the prior year, the business earned $0.62 EPS. Analysts expect that Manulife Financial Co. will post 2.74 EPS for the current fiscal year.

Manulife Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, August 21st were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.87%. Manulife Financial’s payout ratio is presently 66.86%.

Manulife Financial Company Profile

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.