Barry Investment Advisors LLC Has $4.17 Million Stock Position in Manulife Financial Corp (NYSE:MFC)

Barry Investment Advisors LLC lowered its holdings in Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,734 shares of the financial services provider's stock after selling 10,265 shares during the period. Manulife Financial makes up about 1.1% of Barry Investment Advisors LLC's portfolio, making the stock its 25th largest holding. Barry Investment Advisors LLC's holdings in Manulife Financial were worth $4,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JCIC Asset Management Inc. raised its stake in Manulife Financial by 5.6% during the first quarter. JCIC Asset Management Inc. now owns 6,749 shares of the financial services provider's stock worth $210,000 after buying an additional 360 shares during the last quarter. Erste Asset Management GmbH raised its stake in Manulife Financial by 0.6% during the fourth quarter. Erste Asset Management GmbH now owns 69,300 shares of the financial services provider's stock worth $2,133,000 after buying an additional 400 shares during the last quarter. TIAA Trust National Association raised its stake in Manulife Financial by 5.0% during the fourth quarter. TIAA Trust National Association now owns 8,419 shares of the financial services provider's stock worth $259,000 after buying an additional 404 shares during the last quarter. Ancora Advisors LLC raised its stake in Manulife Financial by 34.7% during the fourth quarter. Ancora Advisors LLC now owns 1,943 shares of the financial services provider's stock worth $60,000 after buying an additional 500 shares during the last quarter. Finally, Napatree Capital LLC raised its stake in Manulife Financial by 5.8% during the fourth quarter. Napatree Capital LLC now owns 9,814 shares of the financial services provider's stock worth $301,000 after buying an additional 536 shares during the last quarter. Institutional investors own 52.56% of the company's stock.

Manulife Financial Stock Down 0.0%

NYSE:MFC traded down $0.02 during trading hours on Monday, reaching $30.47. The company had a trading volume of 2,296,336 shares, compared to its average volume of 2,176,546. The firm has a market cap of $52.03 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.04 and a beta of 0.99. The business's 50-day simple moving average is $31.47 and its two-hundred day simple moving average is $30.51. Manulife Financial Corp has a twelve month low of $23.30 and a twelve month high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). The company had revenue of $1.49 billion during the quarter. Manulife Financial had a return on equity of 15.84% and a net margin of 9.58%. During the same period last year, the firm earned $0.94 EPS. As a group, equities analysts predict that Manulife Financial Corp will post 2.87 earnings per share for the current year.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Wednesday, May 21st were issued a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.19%. This is a boost from Manulife Financial's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, May 21st. Manulife Financial's dividend payout ratio (DPR) is presently 67.02%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley set a $46.00 target price on shares of Manulife Financial in a research note 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.