Manulife Financial Corp (NYSE:MFC) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in shares of Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,777 shares of the financial services provider's stock after purchasing an additional 37,226 shares during the quarter. Achmea Investment Management B.V. owned about 0.05% of Manulife Financial worth $27,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of Manulife Financial in the fourth quarter worth $31,000. Lazard Asset Management LLC purchased a new stake in Manulife Financial during the 4th quarter valued at about $35,000. Transce3nd LLC acquired a new position in shares of Manulife Financial in the fourth quarter valued at about $42,000. Millstone Evans Group LLC purchased a new position in shares of Manulife Financial in the fourth quarter worth about $44,000. Finally, Graney & King LLC acquired a new stake in shares of Manulife Financial during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 52.56% of the company's stock.

Manulife Financial Price Performance

NYSE:MFC traded down $0.03 during mid-day trading on Monday, hitting $31.96. The company's stock had a trading volume of 1,539,109 shares, compared to its average volume of 2,370,122. The business's fifty day moving average is $31.28 and its two-hundred day moving average is $30.47. The stock has a market cap of $54.59 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.09 and a beta of 1.01. Manulife Financial Corp has a 1 year low of $23.30 and a 1 year high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $1.49 billion during the quarter. Manulife Financial had a net margin of 9.58% and a return on equity of 15.84%. During the same period in the previous year, the business posted $0.94 earnings per share. Analysts anticipate that Manulife Financial Corp will post 2.87 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.3194 per share. This is a boost from Manulife Financial's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.00%. Manulife Financial's dividend payout ratio (DPR) is presently 67.02%.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $46.00 price target on shares of Manulife Financial in a report on Monday, May 19th.

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.