AustralianSuper Pty Ltd Increases Equity Position in Manulife Financial Co. (NYSE:MFC)

Financial Advisors

Australian Super Ltd took a 0.7 share position in Manulife Financial Company (NYSE:MFC – Free Report) (TSE:MFC) in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). % increased. The company held 4,841,487 shares in the financial services provider after purchasing an additional 33,116 shares during the period. AustralianSuper Pty Ltd owned approximately 0.26% of Manulife Financial worth $88,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added or reduced their stakes in MFC. MinichMacGregor Wealth Management LLC acquired a new position in the shares of Manulife Financial in the fourth quarter for a value of approximately $25,000. Sanctuary Wealth Management LLC purchased a new stake in Manulife Financial in the fourth quarter, valued at $27,000. GPS Wealth Strategies Group LLC acquired new shares of Manulife Financial in the first quarter for a value of $35,000. Carderock Capital Management Inc. purchased a new position in Manulife Financial in the first quarter for a value of $36,000. Finally, Armstrong Advisory Group Inc. acquired a new position worth his $38,000 at Manulife Financial in the fourth quarter. Institutional investors and hedge funds hold 40.71% of the company’s shares.

Manulife Financial Trading rose 0.1%

NYSE MFC opened at $18.93 on Tuesday. Manulife Financial hit a one-year low of $14.92 and a one-year high of $20.40. The company’s 50-day simple moving average is $19.10 and its 200-day simple moving average is $18.95. The company has a market cap of $34.82 billion, a P/E ratio of 8.68 times, a price/earnings multiple of 0.77 times, and a beta of 1.10 times.

Manulife Financial (NYSE:MFC – Freereport) (TSE:MFC) last reported earnings on Wednesday, May 10th. The financial services provider reported EPS of $0.58 for the quarter, beating consensus expectations of $0.57 by $0.01. The business had sales of $9.32 billion in the quarter, compared to consensus expectations of $10.68 billion. Analysts expect the group as a whole to post EPS of $2.44 for Manulife Financial this year.

Manulife Life cuts dividend

The company also recently announced a quarterly dividend, which was paid out on Monday, June 19. On Wednesday, May 24, the record investor was paid a dividend of $0.269 per share. The ex-dividend date was Tuesday, May 23. This equates to an annualized dividend of $1.08 and a yield of 5.68%. Manulife Financial’s dividend payout ratio is 49.54%.

Analysts set new price target

Separately, began covering Manulife Financial in a report on Thursday, May 18th. They set a “Hold” rating on the stock.

About Manulife Financial

(free report)

Manulife Financial Corporation, along with its subsidiaries, provides financial products and services in Asia, Canada, the United States and internationally. The company operates through wealth and wealth management businesses. insurance and annuity products; Corporate and other segments. The Wealth and Wealth Management business unit serves retirees, individuals and institutional clients through multiple distribution channels, including affiliated agents and brokers, independent securities firms and financial advisors, pension plan consultants and banks. provides investment advice and solutions to

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Manulife Financial Quarterly Institutional Ownerships (NYSE:MFC)

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