6 days Ago By Defense World Staff
Alliancebernstein L.P. decreased its stake in shares of Manulife Financial Co.
(NYSE:MFC – Free Report) (TSE:MFC) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,957 shares of the financial services provider’s stock after selling 1,462 shares during the period.
Alliancebernstein L.P.’s holdings in Manulife Financial were worth $3,837,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MFC. Crews Bank & Trust bought a new position in Manulife Financial during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc.
acquired a new position in shares of Manulife Financial in the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Manulife Financial in the 4th quarter worth approximately $34,000. Golden State Wealth Management LLC acquired a new stake in Manulife Financial during the fourth quarter valued at approximately $35,000.
Finally, CKW Financial Group bought a new stake in Manulife Financial during the fourth quarter worth approximately $37,000. 52.56% of the stock is currently owned by institutional investors.
Manulife Financial Price PerformanceMFC stock opened at $28.80 on Tuesday. The company’s 50 day simple moving average is $29.
83 and its 200-day simple moving average is $30.46. Manulife Financial Co.
has a 52-week low of $22.61 and a 52-week high of $33.07.
The firm has a market capitalization of $49.49 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.
11 and a beta of 0.89. Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last released its earnings results on Wednesday, February 19th.
The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.
07. Manulife Financial had a return on equity of 15.98% and a net margin of 10.
08%. The company had revenue of $9.31 billion during the quarter.
Sell-side analysts predict that Manulife Financial Co. will post 2.87 EPS for the current fiscal year.
Manulife Financial Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.3094 per share.
This represents a $1.24 annualized dividend and a yield of 4.30%.
The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.30.
Manulife Financial’s payout ratio is 58.45%. Analysts Set New Price TargetsSeveral research firms have issued reports on MFC.
Royal Bank of Canada upped their price target on Manulife Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 21st.
Scotiabank reaffirmed an “outperform” rating on shares of Manulife Financial in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.View Our Latest Analysis on MFCManulife Financial Company Profile (Free Report)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.Further ReadingFive stocks we like better than Manulife FinancialShould You Invest in Penny Stocks?Why NVIDIA Stock Could Soar Despite Wall Street DowngradesWhat Are Dividends? Buy the Best Dividend StocksTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldHow Technical Indicators Can Help You Find Oversold Stocks 3 Hot New IPOs Defying the 2025 Market SlumpWant to see what other hedge funds are holding MFC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Manulife Financial Co. (NYSE:MFC – Free Report) (TSE:MFC)..
