Manulife Financial Co. (NYSE:MFC) Stock Position Increased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. boosted its position in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,087 shares of the financial services provider’s stock after buying an additional 5,369 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Manulife Financial were worth $1,661,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Baron Wealth Management LLC boosted its position in shares of Manulife Financial by 2.3% during the 3rd quarter. Baron Wealth Management LLC now owns 14,400 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 330 shares in the last quarter. Americana Partners LLC grew its position in Manulife Financial by 0.5% in the third quarter. Americana Partners LLC now owns 69,967 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 364 shares during the last quarter. Arkadios Wealth Advisors grew its position in Manulife Financial by 1.3% in the third quarter. Arkadios Wealth Advisors now owns 41,841 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 547 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Manulife Financial by 4.5% in the fourth quarter. Kathmere Capital Management LLC now owns 13,340 shares of the financial services provider’s stock valued at $410,000 after buying an additional 569 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in shares of Manulife Financial by 1.7% during the 3rd quarter. Daymark Wealth Partners LLC now owns 34,886 shares of the financial services provider’s stock valued at $1,031,000 after acquiring an additional 596 shares during the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Stock Up 2.8 %

Shares of NYSE MFC opened at $30.68 on Thursday. The stock’s fifty day simple moving average is $31.38 and its 200 day simple moving average is $29.04. The stock has a market capitalization of $53.04 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.01 and a beta of 1.09. Manulife Financial Co. has a 52-week low of $20.78 and a 52-week high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, topping 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 analysts’ expectations of $9.73 billion. During the same quarter last year, the business posted $0.69 EPS. As a group, analysts anticipate that Manulife Financial Co. will post 2.71 earnings per share for the current year.

Manulife Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, November 20th. Manulife Financial’s payout ratio is presently 59.42%.

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.