Caliber Wealth Management LLC KS bought a new position in shares of Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,126 shares of the financial services provider's stock, valued at approximately $378,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MFC. Pacer Advisors Inc. increased its stake in shares of Manulife Financial by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 15,405 shares of the financial services provider's stock worth $480,000 after purchasing an additional 444 shares in the last quarter. Assetmark Inc. lifted its position in Manulife Financial by 4.0% during the first quarter. Assetmark Inc. now owns 594,906 shares of the financial services provider's stock valued at $18,531,000 after buying an additional 22,849 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Manulife Financial by 4.6% during the first quarter. Cetera Investment Advisers now owns 155,432 shares of the financial services provider's stock worth $4,842,000 after purchasing an additional 6,872 shares in the last quarter. Ninepoint Partners LP lifted its position in shares of Manulife Financial by 6.9% during the first quarter. Ninepoint Partners LP now owns 104,114 shares of the financial services provider's stock worth $3,243,000 after purchasing an additional 6,741 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Manulife Financial in the first quarter valued at $213,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Morgan Stanley set a $46.00 target price on shares of Manulife Financial in a research note on Monday, May 19th.
Read Our Latest Stock Analysis on Manulife Financial
Manulife Financial Trading Down 1.5%
MFC stock traded down $0.47 during mid-day trading on Wednesday, reaching $31.01. 337,246 shares of the stock traded hands, compared to its average volume of 2,284,433. The company has a market cap of $52.82 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.06 and a beta of 0.99. Manulife Financial Corp has a 52-week low of $23.30 and a 52-week high of $33.07. The stock's fifty day moving average is $31.31 and its 200-day moving average is $30.54.
Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings data 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). Manulife Financial had a return on equity of 15.84% and a net margin of 9.58%. The firm had revenue of $1.49 billion during the quarter. During the same quarter in the prior year, the company earned $0.94 EPS. Equities research analysts expect that Manulife Financial Corp will post 2.87 earnings per share for the current year.
Manulife Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.3194 per share. This is a positive change from Manulife Financial's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.12%. The ex-dividend date was Wednesday, May 21st. Manulife Financial's dividend payout ratio is currently 67.02%.
Manulife Financial Profile
(
Free Report)
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.
Featured Stories

Before you consider Manulife Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manulife Financial wasn't on the list.
While Manulife Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.