Measured Wealth Private Client Group LLC Has $707,000 Stock Holdings in Manulife Financial Corp $MFC

Measured Wealth Private Client Group LLC trimmed its holdings in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 57.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,712 shares of the financial services provider’s stock after selling 30,110 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Manulife Financial were worth $707,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Root Financial Partners LLC acquired a new position in Manulife Financial in the third quarter worth about $25,000. Caldwell Trust Co acquired a new stake in Manulife Financial during the second quarter valued at approximately $27,000. American Wealth Advisors LLC bought a new stake in shares of Manulife Financial in the 3rd quarter valued at approximately $36,000. Winnow Wealth LLC bought a new stake in shares of Manulife Financial in the 2nd quarter valued at approximately $38,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Manulife Financial in the 2nd quarter worth approximately $39,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Up 2.1%

MFC stock opened at $34.11 on Tuesday. Manulife Financial Corp has a twelve month low of $25.92 and a twelve month high of $38.72. The company has a market cap of $57.19 billion, a P/E ratio of 15.36 and a beta of 0.83. The business has a fifty day moving average of $36.41 and a 200-day moving average of $34.43.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Manulife Financial had a return on equity of 16.43% and a net margin of 9.18%.During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities research analysts anticipate that Manulife Financial Corp will post 2.87 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th will be paid a $0.485 dividend. This is a boost from Manulife Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.94 annualized dividend and a dividend yield of 5.7%. Manulife Financial’s payout ratio is 63.96%.

Analyst Ratings Changes

Several brokerages recently commented on MFC. Scotiabank reaffirmed an “outperform” rating on shares of Manulife Financial in a research note on Thursday, February 5th. Weiss Ratings lowered Manulife Financial from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Manulife Financial in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce raised shares of Manulife Financial from a “neutral” rating to an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley set a $51.00 target price on shares of Manulife Financial in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $51.50.

About Manulife Financial

Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.