CKW Financial Group Invests $37,000 in Manulife Financial Co. (NYSE:MFC)

CKW Financial Group bought a new stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,219 shares of the financial services provider’s stock, valued at approximately $37,000.

Several other hedge funds have also bought and sold shares of the stock. West Financial Advisors LLC bought a new stake in shares of Manulife Financial during the 3rd quarter valued at $26,000. Brooklyn Investment Group bought a new stake in Manulife Financial during the third quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in shares of Manulife Financial in the third quarter valued at about $30,000. Fortitude Family Office LLC bought a new position in shares of Manulife Financial in the third quarter worth about $31,000. Finally, Tsfg LLC grew its position in shares of Manulife Financial by 103.8% during the third quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.5 %

Shares of MFC opened at $30.53 on Monday. Manulife Financial Co. has a 12-month low of $21.54 and a 12-month high of $33.07. The company has a market capitalization of $52.77 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. The business’s 50 day moving average is $31.12 and its 200 day moving average is $29.25.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.70 by $0.30. The firm had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities research analysts predict that Manulife Financial Co. will post 2.69 earnings per share for the current year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were issued a $0.296 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.88%. 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 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.