Caprock Group LLC Has $1.46 Million Stake in Manulife Financial Co. (NYSE:MFC)

Caprock Group LLC lowered its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 47,683 shares of the financial services provider’s stock after selling 1,557 shares during the quarter. Caprock Group LLC’s holdings in Manulife Financial were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. increased its stake in Manulife Financial by 20.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,913 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 2,213 shares during the period. Cetera Investment Advisers grew its stake in shares of Manulife Financial by 5.5% in the 2nd quarter. Cetera Investment Advisers now owns 152,865 shares of the financial services provider’s stock valued at $4,068,000 after purchasing an additional 8,011 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Manulife Financial in the 2nd quarter worth approximately $784,000. SG Americas Securities LLC bought a new position in shares of Manulife Financial during the 3rd quarter worth approximately $1,190,000. Finally, Park Avenue Securities LLC boosted its stake in Manulife Financial by 36.8% in the 3rd quarter. Park Avenue Securities LLC now owns 17,021 shares of the financial services provider’s stock valued at $503,000 after buying an additional 4,581 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Stock Performance

Shares of NYSE MFC opened at $29.90 on Monday. Manulife Financial Co. has a 52-week low of $21.54 and a 52-week high of $33.07. The business has a fifty day moving average of $30.90 and a two-hundred day moving average of $29.35. The stock has a market cap of $51.69 billion, a PE ratio of 14.44, a PEG ratio of 1.05 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced 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. The company had revenue of $10.69 billion for the quarter, compared to analyst estimates 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 business earned $0.69 earnings per share. Analysts predict that Manulife Financial Co. will post 2.67 earnings per share for the current year.

Manulife Financial Increases Dividend

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

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.