Achmea Investment Management B.V. Has $29.09 Million Stake in Manulife Financial Corp $MFC

Achmea Investment Management B.V. raised its stake in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 933,388 shares of the financial services provider’s stock after purchasing an additional 86,299 shares during the period. Achmea Investment Management B.V. owned 0.06% of Manulife Financial worth $29,087,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MFC. Root Financial Partners LLC acquired a new position in Manulife Financial during the 3rd quarter worth $25,000. Caldwell Trust Co acquired a new position in shares of Manulife Financial during the second quarter worth approximately $27,000. American Wealth Advisors LLC bought a new position in shares of Manulife Financial during the 3rd quarter worth about $36,000. Winnow Wealth LLC bought a new position in Manulife Financial during the second quarter valued at about $38,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Manulife Financial during the second quarter valued at approximately $39,000. Institutional investors own 52.56% of the company’s stock.

Analyst Upgrades and Downgrades

MFC has been the topic of several recent analyst reports. Scotiabank restated an “outperform” rating on shares of Manulife Financial in a research note on Thursday, February 5th. Weiss Ratings cut Manulife Financial from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, February 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Manulife Financial in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce upgraded shares of Manulife Financial from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley set a $51.00 price target on Manulife Financial in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $51.50.

Manulife Financial Stock Up 1.3%

NYSE MFC opened at $34.55 on Wednesday. The company has a market capitalization of $57.92 billion, a P/E ratio of 15.56 and a beta of 0.83. The firm has a 50-day moving average price of $36.35 and a two-hundred day moving average price of $34.46. Manulife Financial Corp has a 12-month low of $25.92 and a 12-month high of $38.72.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Manulife Financial had a return on equity of 16.43% and a net margin of 9.18%.During the same period in the prior year, the company earned $1.03 earnings per share. Equities analysts expect that Manulife Financial Corp will post 2.87 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.485 per share. This is an increase from Manulife Financial’s previous quarterly dividend of $0.44. This represents a $1.94 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, February 25th. Manulife Financial’s payout ratio is 63.96%.

Manulife Financial Company Profile

Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.