JCIC Asset Management Inc. Purchases 884 Shares of Manulife Financial Co. (NYSE:MFC)

JCIC Asset Management Inc. grew its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,389 shares of the financial services provider’s stock after acquiring an additional 884 shares during the quarter. JCIC Asset Management Inc.’s holdings in Manulife Financial were worth $196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of Manulife Financial by 16.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock valued at $61,426,000 after acquiring an additional 279,418 shares during the period. Sanctuary Advisors LLC lifted its stake in Manulife Financial by 148.9% during the third quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock worth $2,382,000 after purchasing an additional 43,877 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Manulife Financial by 1,210.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,161,059 shares of the financial services provider’s stock worth $30,922,000 after buying an additional 1,072,474 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Manulife Financial by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 14,783,400 shares of the financial services provider’s stock worth $393,592,000 after buying an additional 75,244 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Manulife Financial in the third quarter valued at about $13,318,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Trading Down 0.8 %

NYSE MFC traded down $0.25 during trading on Monday, hitting $29.54. 626,803 shares of the company’s stock were exchanged, compared to its average volume of 970,633. The stock’s 50 day moving average price is $31.39 and its two-hundred day moving average price is $28.99. The company has a market cap of $51.07 billion, a PE ratio of 14.27, a P/E/G ratio of 1.14 and a beta of 1.09. Manulife Financial Co. has a fifty-two week low of $20.78 and a fifty-two week high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The firm had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.73 billion. During the same period last year, the firm posted $0.69 earnings per share. Analysts forecast that Manulife Financial Co. will post 2.72 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were given a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Wednesday, November 20th. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s payout ratio is 59.42%.

Manulife Financial 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.