Manulife Financial Co. (NYSE:MFC) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 16.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,558 shares of the financial services provider’s stock after buying an additional 3,333 shares during the period. Atomi Financial Group Inc.’s holdings in Manulife Financial were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MFC. Baron Wealth Management LLC boosted its stake in shares of Manulife Financial by 2.3% in the third quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 330 shares during the last quarter. Americana Partners LLC boosted its stake in shares of Manulife Financial by 0.5% in the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock worth $2,068,000 after acquiring an additional 364 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 547 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Manulife Financial by 4.5% in the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 569 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in shares of Manulife Financial by 1.7% in the third quarter. Daymark Wealth Partners LLC now owns 34,886 shares of the financial services provider’s stock worth $1,031,000 after acquiring an additional 596 shares during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Price Performance

Shares of NYSE:MFC opened at $30.64 on Friday. The business’s 50 day moving average price is $31.21 and its 200-day moving average price is $29.19. The firm has a market capitalization of $52.97 billion, a PE ratio of 14.80, a P/E/G ratio of 1.06 and a beta of 1.09. Manulife Financial Co. has a 1 year low of $21.54 and a 1 year high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.73 billion. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. During the same quarter in the previous year, the company posted $0.69 earnings per share. As a group, analysts expect that Manulife Financial Co. will post 2.69 earnings per share for the current year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.18 dividend on an annualized basis and a yield of 3.86%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s payout ratio is 59.42%.

Manulife Financial 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.