Manulife Financial (NYSE:MFC) Stock Sold Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Manulife Financial Co. NYSE: MFC. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Manulife Financial stock on April 9th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

Manulife Financial Price Performance

MFC stock traded down $0.24 during trading on Wednesday, reaching $31.25. The company had a trading volume of 376,608 shares, compared to its average volume of 2,399,424. The business has a 50 day moving average of $30.20 and a 200 day moving average of $30.56. The company has a market cap of $53.52 billion, a P/E ratio of 15.11, a PEG ratio of 1.11 and a beta of 1.00. Manulife Financial Co. has a 52 week low of $23.30 and a 52 week high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $1.49 billion during the quarter. Manulife Financial had a return on equity of 15.98% and a net margin of 10.08%. During the same quarter last year, the firm posted $0.94 earnings per share. Research analysts expect that Manulife Financial Co. will post 2.87 earnings per share for the current year.

Manulife Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.3194 per share. This is a positive change from Manulife Financial's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.09%. Manulife Financial's payout ratio is presently 63.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MFC shares. Royal Bank of Canada upped their price objective on shares of Manulife Financial from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Scotiabank reissued an "outperform" rating on shares of Manulife Financial in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $45.50.

Institutional Trading of Manulife Financial

Institutional investors have recently added to or reduced their stakes in the business. Crews Bank & Trust bought a new position in shares of Manulife Financial during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Manulife Financial in the 4th quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new position in Manulife Financial in the 4th quarter worth about $34,000. Golden State Wealth Management LLC bought a new position in Manulife Financial during the 4th quarter valued at about $35,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Manulife Financial during the 4th quarter valued at about $35,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Manulife Financial Company Profile

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.