Free Trial

Pacific Point Advisors LLC Takes Position in Manulife Financial Co. (NYSE:MFC)

Manulife Financial logo with Finance background

Pacific Point Advisors LLC acquired a new position in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,300 shares of the financial services provider's stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC increased its position in shares of Manulife Financial by 60.1% in the third quarter. Barclays PLC now owns 741,764 shares of the financial services provider's stock valued at $21,919,000 after acquiring an additional 278,307 shares during the period. Park Avenue Securities LLC raised its stake in Manulife Financial by 34.2% in the fourth quarter. Park Avenue Securities LLC now owns 22,845 shares of the financial services provider's stock worth $702,000 after buying an additional 5,824 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Manulife Financial in the fourth quarter worth about $208,000. Merit Financial Group LLC purchased a new position in shares of Manulife Financial in the 4th quarter valued at approximately $212,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Manulife Financial by 1.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 93,752 shares of the financial services provider's stock valued at $2,879,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 52.56% of the company's stock.

Manulife Financial Trading Down 0.4%

Shares of MFC stock traded down $0.13 during trading hours on Wednesday, reaching $31.64. 748,952 shares of the stock were exchanged, compared to its average volume of 2,139,017. The firm has a market capitalization of $54.18 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. Manulife Financial Co. has a 12-month low of $23.30 and a 12-month high of $33.07. The company's 50-day moving average price is $30.31 and its 200-day moving average price is $30.57.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its 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). Manulife Financial had a net margin of 10.08% and a return on equity of 15.98%. The business had revenue of $1.49 billion for the quarter. During the same quarter last year, the company posted $0.94 earnings per share. On average, sell-side analysts expect that Manulife Financial Co. will post 2.87 EPS for the current year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.3194 per share. This is a boost from Manulife Financial's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, May 21st. Manulife Financial's dividend payout ratio is 63.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MFC shares. Royal Bank of Canada raised their price objective on Manulife Financial from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Morgan Stanley set a $46.00 target price on shares of Manulife Financial in a research note on Monday, May 19th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Manulife Financial in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $45.67.

Check Out Our Latest Analysis on MFC

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.

See Also

Institutional Ownership by Quarter for Manulife Financial (NYSE:MFC)

Should You Invest $1,000 in Manulife Financial Right Now?

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

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Tech Stocks Insiders Are Buying: Speculative Plays for June
3 Defense Stocks Set to Crush the S&P This Summer
Analysts Are Watching These 4 Penny Stocks—You Should Too

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines