Manulife Financial Co. (NYSE:MFC) Shares Bought by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,199 shares of the financial services provider’s stock after purchasing an additional 549 shares during the period. Brown Lisle Cummings Inc.’s holdings in Manulife Financial were worth $405,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MFC. Baron Wealth Management LLC lifted its stake in 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 lifted its position in shares of Manulife Financial by 0.5% during the 3rd quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock worth $2,068,000 after purchasing an additional 364 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Manulife Financial by 1.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 547 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Manulife Financial by 4.5% during the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 569 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in 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 valued at $1,031,000 after buying an additional 596 shares during the last quarter. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Manulife Financial Stock Performance

NYSE:MFC opened at $29.29 on Tuesday. Manulife Financial Co. has a 1 year low of $21.54 and a 1 year high of $33.07. The stock has a market cap of $50.63 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.04 and a beta of 1.09. The stock has a 50-day simple moving average of $30.90 and a 200-day simple moving average of $29.37.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.30. The firm had revenue of $10.69 billion during the quarter, compared to analysts’ expectations 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 business earned $0.69 earnings per share. On average, equities research analysts predict that Manulife Financial Co. will post 2.67 EPS for the current year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were issued a $0.296 dividend. This is an increase from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Wednesday, November 20th. Manulife Financial’s payout ratio is presently 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.