Mn Services Vermogensbeheer B.V. Has $21.91 Million Holdings in Manulife Financial Co. (NYSE:MFC)

Mn Services Vermogensbeheer B.V. boosted its position in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 713,637 shares of the financial services provider's stock after buying an additional 13,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Manulife Financial were worth $21,912,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Manulife Financial during the third quarter worth about $26,000. Crews Bank & Trust acquired a new stake in Manulife Financial in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in Manulife Financial in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in Manulife Financial during the 3rd quarter worth approximately $31,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Manulife Financial during the 4th quarter worth approximately $34,000. 52.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MFC has been the topic of a number of analyst reports. Scotiabank restated an "outperform" rating on shares of Manulife Financial in a research note on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of Manulife Financial from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $45.50.

Manulife Financial Trading Down 1.8 %

Shares of Manulife Financial stock traded down $0.55 during trading hours on Monday, reaching $30.61. The stock had a trading volume of 6,414,565 shares, compared to its average volume of 2,272,091. The firm has a 50 day simple moving average of $30.35 and a two-hundred day simple moving average of $30.02. The firm has a market capitalization of $52.75 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.11 and a beta of 1.09. Manulife Financial Co. has a 1 year low of $22.61 and a 1 year high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Manulife Financial had a return on equity of 15.98% and a net margin of 10.08%. The firm had revenue of $9.31 billion for the quarter. Sell-side analysts forecast that Manulife Financial Co. will post 2.87 EPS for the current year.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.3094 per share. This is a positive change from Manulife Financial's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, March 5th. Manulife Financial's dividend payout ratio is currently 58.45%.

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.