Barry Investment Advisors LLC Reduces Stock Position in Manulife Financial Co. (NYSE:MFC)

Barry Investment Advisors LLC lessened its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,999 shares of the financial services provider’s stock after selling 10,035 shares during the period. Manulife Financial makes up about 1.4% of Barry Investment Advisors LLC’s holdings, making the stock its 23rd biggest position. Barry Investment Advisors LLC’s holdings in Manulife Financial were worth $4,422,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CKW Financial Group purchased a new stake in shares of Manulife Financial in the 4th quarter worth about $37,000. Union Bancaire Privee UBP SA bought a new position in shares of Manulife Financial in the fourth quarter worth approximately $138,000. Blue Trust Inc. boosted its position in shares of Manulife Financial by 30.2% during the fourth quarter. Blue Trust Inc. now owns 29,822 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 6,919 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Manulife Financial during the fourth quarter valued at $350,000. Finally, Flagship Harbor Advisors LLC raised its stake in Manulife Financial by 7.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 15,039 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.6 %

Shares of MFC opened at $30.18 on Wednesday. The company has a market cap of $52.16 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.05 and a beta of 1.09. Manulife Financial Co. has a twelve month low of $21.54 and a twelve month high of $33.07. The company’s fifty day simple moving average is $31.08 and its 200-day simple moving average is $29.28.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its 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 company had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.73 billion. During the same period in the prior year, the business earned $0.69 EPS. Analysts predict that Manulife Financial Co. will post 2.69 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were given a $0.296 dividend. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, November 20th. Manulife Financial’s dividend payout ratio (DPR) is presently 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.