DekaBank Deutsche Girozentrale Has $60.12 Million Holdings in Manulife Financial Co. (NYSE:MFC)

DekaBank Deutsche Girozentrale cut its holdings in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,057,848 shares of the financial services provider's stock after selling 87,671 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.11% of Manulife Financial worth $60,116,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Duality Advisers LP grew its stake in shares of Manulife Financial by 795.2% in the first quarter. Duality Advisers LP now owns 217,658 shares of the financial services provider's stock valued at $5,439,000 after buying an additional 193,343 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Manulife Financial by 1,210.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,161,059 shares of the financial services provider's stock valued at $30,922,000 after acquiring an additional 1,072,474 shares during the period. Bessemer Group Inc. increased its stake in shares of Manulife Financial by 2,913.7% during the 1st quarter. Bessemer Group Inc. now owns 86,615 shares of the financial services provider's stock worth $2,163,000 after purchasing an additional 83,741 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Manulife Financial by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 14,783,400 shares of the financial services provider's stock valued at $393,592,000 after purchasing an additional 75,244 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Manulife Financial by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 72,289,251 shares of the financial services provider's stock valued at $1,806,508,000 after purchasing an additional 727,764 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Up 1.5 %

Shares of Manulife Financial stock traded up $0.44 during trading on Monday, reaching $30.23. The company's stock had a trading volume of 1,124,102 shares, compared to its average volume of 2,571,349. The business's 50-day moving average price is $28.69 and its 200-day moving average price is $26.60. Manulife Financial Co. has a 52 week low of $17.30 and a 52 week high of $30.86. The firm has a market cap of $54.10 billion, a PE ratio of 17.57, a P/E/G ratio of 1.10 and a beta of 1.08.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.27. The firm had revenue of $9.41 billion for the quarter, compared to analyst estimates of $8.95 billion. Manulife Financial had a net margin of 9.18% and a return on equity of 16.16%. During the same quarter in the prior year, the business posted $0.62 EPS. Equities analysts predict that Manulife Financial Co. will post 2.74 earnings per share for the current year.

Manulife Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.84%. Manulife Financial's payout ratio is 66.86%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MFC. Dbs Bank upgraded Manulife Financial to a "strong-buy" rating in a research note on Thursday, August 8th. Barclays assumed coverage on Manulife Financial in a research note on Thursday, September 5th. They issued an "equal weight" rating on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Manulife Financial currently has an average rating of "Buy" and a consensus price target of $35.67.

About Manulife Financial

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.