Barry Investment Advisors LLC Sells 10,035 Shares of Manulife Financial Co. (NYSE:MFC)

Barry Investment Advisors LLC decreased its stake in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 6.5% during the 4th quarter, according to the company in its most recent 13F 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 1.4% of Barry Investment Advisors LLC's portfolio, making the stock its 23rd biggest position. Barry Investment Advisors LLC's holdings in Manulife Financial were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MFC. Brooklyn Investment Group bought a new position in shares of Manulife Financial during the 3rd quarter valued at about $26,000. West Financial Advisors LLC bought a new stake in Manulife Financial during the third quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Manulife Financial during the 3rd quarter valued at $30,000. Fortitude Family Office LLC bought a new stake in shares of Manulife Financial during the 3rd quarter worth $31,000. Finally, CKW Financial Group acquired a new position in shares of Manulife Financial in the 4th quarter worth $37,000. 52.56% of the stock is currently owned by institutional investors.

Manulife Financial Stock Up 0.7 %

Shares of NYSE MFC traded up $0.22 during mid-day trading on Wednesday, hitting $30.44. 315,569 shares of the company traded hands, compared to its average volume of 1,629,691. The business has a 50 day moving average of $31.03 and a two-hundred day moving average of $29.30. The stock has a market capitalization of $52.61 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.05 and a beta of 1.09. Manulife Financial Co. has a 1 year low of $21.54 and a 1 year high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 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 during the quarter, compared to analysts' expectations of $9.73 billion. During the same period last year, the company posted $0.69 earnings per share. As a group, research analysts anticipate that Manulife Financial Co. will post 2.69 EPS for the current year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. This is an increase from Manulife Financial's previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, November 20th. Manulife Financial's payout ratio is 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.