Free Trial

Unigestion Holding SA Invests $5.48 Million in Manulife Financial Co. (NYSE:MFC)

Manulife Financial logo with Finance background

Unigestion Holding SA purchased a new position in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 185,584 shares of the financial services provider's stock, valued at approximately $5,484,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Manulife Financial during the third quarter worth $26,000. West Financial Advisors LLC purchased a new stake in shares of Manulife Financial in the 3rd quarter valued at about $26,000. Grove Bank & Trust purchased a new position in shares of Manulife Financial during the second quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Manulife Financial in the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC purchased a new position in Manulife Financial in the 3rd quarter valued at $31,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Trading Up 0.1 %

NYSE MFC traded up $0.04 during trading on Wednesday, reaching $31.49. The company's stock had a trading volume of 3,257,501 shares, compared to its average volume of 2,519,897. The stock has a market capitalization of $55.16 billion, a PE ratio of 15.26, a PEG ratio of 1.19 and a beta of 1.09. The business has a 50-day moving average price of $31.12 and a 200-day moving average price of $28.21. Manulife Financial Co. has a 1-year low of $20.67 and a 1-year high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.70 by $0.30. The firm had revenue of $10.69 billion during the quarter, compared to analysts' expectations of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same period in the prior year, the company earned $0.69 EPS. As a group, analysts expect that Manulife Financial Co. will post 2.72 earnings per share for the current year.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th will be issued a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Manulife Financial's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, November 20th. Manulife Financial's payout ratio is 57.00%.

Analysts Set New Price Targets

Separately, Barclays began coverage on shares of Manulife Financial in a research report on Thursday, September 5th. They issued an "equal weight" rating on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $37.50.

Read Our Latest Stock Report on Manulife Financial

Manulife Financial 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.

Read More

Institutional Ownership by Quarter for Manulife Financial (NYSE:MFC)

→ Did You See Trump’s Bombshell Exec. Order 001? (From Banyan Hill Publishing) (Ad)

Should you invest $1,000 in Manulife Financial right now?

Before you consider Manulife Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manulife Financial wasn't on the list.

While Manulife Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines