Manulife Financial Co. (NYSE:MFC) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC decreased its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,413 shares of the financial services provider’s stock after selling 473 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Manulife Financial were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baron Wealth Management LLC raised its stake in shares of Manulife Financial by 2.3% in the 3rd quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 330 shares during the period. Americana Partners LLC increased its holdings in Manulife Financial by 0.5% in the 3rd quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 364 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Manulife Financial by 1.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 547 shares in the last quarter. Kathmere Capital Management LLC raised its position in 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 valued at $410,000 after purchasing an additional 569 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Manulife Financial by 1.3% during the third quarter. Signaturefd LLC now owns 51,286 shares of the financial services provider’s stock worth $1,516,000 after purchasing an additional 637 shares in the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Stock Performance

MFC stock opened at $30.43 on Thursday. The firm has a market cap of $52.61 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.09. Manulife Financial Co. has a 1 year low of $21.38 and a 1 year high of $33.07. The stock has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $29.18.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $9.73 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, equities research analysts predict that Manulife Financial Co. will post 2.69 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were paid a $0.296 dividend. This is a boost 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 3.89%. Manulife Financial’s payout ratio is 59.42%.

About Manulife Financial

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.