One Wealth Advisors LLC Reduces Holdings in Manulife Financial Co. (NYSE:MFC)

One Wealth Advisors LLC lowered its stake in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 16.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,219 shares of the financial services provider’s stock after selling 5,227 shares during the quarter. One Wealth Advisors LLC’s holdings in Manulife Financial were worth $805,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MFC. West Financial Advisors LLC purchased a new stake in shares of Manulife Financial in the third quarter valued at $26,000. Brooklyn Investment Group acquired a new position in Manulife Financial in the 3rd quarter valued at about $26,000. Crews Bank & Trust acquired a new stake in shares of Manulife Financial during the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Manulife Financial during the 3rd quarter worth about $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Manulife Financial during the third quarter worth about $31,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Performance

Shares of MFC opened at $29.90 on Monday. Manulife Financial Co. has a 1 year low of $21.54 and a 1 year high of $33.07. The company’s 50 day simple moving average is $30.90 and its 200 day simple moving average is $29.37. The company has a market capitalization of $51.69 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.04 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings data 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. The business had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.73 billion. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities analysts expect that Manulife Financial Co. will post 2.67 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.96%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s dividend payout ratio is currently 59.42%.

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.