Manulife Financial Co. (NYSE:MFC) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC cut its position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,219 shares of the financial services provider’s stock after selling 5,227 shares during the quarter. One Wealth Advisors LLC’s holdings in Manulife Financial were worth $805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MFC. West Financial Advisors LLC acquired a new position in shares of Manulife Financial in the 3rd quarter valued at $26,000. Brooklyn Investment Group acquired a new stake in shares of Manulife Financial during the third quarter worth $26,000. Crews Bank & Trust purchased a new position in Manulife Financial in the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in Manulife Financial in the 3rd quarter valued at $30,000. Finally, Fortitude Family Office LLC purchased a new position in Manulife Financial during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Manulife Financial Stock Down 2.1 %

Shares of Manulife Financial stock opened at $29.90 on Monday. The firm has a market cap of $51.69 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Manulife Financial Co. has a 52-week low of $21.54 and a 52-week high of $33.07. The company’s 50-day simple moving average is $30.90 and its 200-day simple moving average is $29.37.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The business had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.73 billion. During the same period in the prior year, the business posted $0.69 EPS. Equities research analysts anticipate that Manulife Financial Co. will post 2.67 EPS for the current year.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.96%. Manulife Financial’s dividend payout ratio is 59.42%.

Manulife Financial Company 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.