Manulife Financial Corp (MFC) Stake Held by Pekin Singer Strauss Asset Management IL
Pekin Singer Strauss Asset Management IL continued to hold its position in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) during the second quarter, Holdings Channel reports. The fund owned 13,616 shares of the financial services provider’s stock at the end of the second quarter. Pekin Singer Strauss Asset Management IL’s holdings in Manulife Financial Corp were worth $255,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services raised its position in Manulife Financial Corp by 118.4% in the first quarter. First Personal Financial Services now owns 7,442 shares of the financial services provider’s stock worth $132,000 after buying an additional 4,035 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in Manulife Financial Corp during the first quarter worth about $155,000. Huntington National Bank raised its position in Manulife Financial Corp by 220.4% in the first quarter. Huntington National Bank now owns 10,354 shares of the financial services provider’s stock worth $184,000 after buying an additional 7,122 shares during the last quarter. Greenleaf Trust purchased a new position in Manulife Financial Corp during the first quarter worth about $185,000. Finally, Sadoff Investment Management LLC purchased a new position in Manulife Financial Corp during the second quarter worth about $188,000. 48.27% of the stock is currently owned by hedge funds and other institutional investors.
Manulife Financial Corp (MFC) opened at 19.62 on Friday. The company has a 50 day moving average price of $19.67 and a 200-day moving average price of $18.38. Manulife Financial Corp has a 52-week low of $13.16 and a 52-week high of $20.84. The firm has a market cap of $38.48 billion, a price-to-earnings ratio of 13.44 and a beta of 1.30.
Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $12.34 billion during the quarter, compared to the consensus estimate of $16.09 billion. During the same quarter in the prior year, the company posted $0.40 EPS. Equities research analysts anticipate that Manulife Financial Corp will post $1.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, August 22nd will be paid a $0.1621 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.30%. This is a boost from Manulife Financial Corp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, August 18th. Manulife Financial Corp’s payout ratio is presently 43.48%.
ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/manulife-financial-corp-mfc-stake-held-by-pekin-singer-strauss-asset-management-il.html.
A number of research analysts recently issued reports on MFC shares. ValuEngine lowered Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Manulife Financial Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research raised Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Monday, July 10th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.33.
Manulife Financial Corp Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
Want to see what other hedge funds are holding MFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manulife Financial Corp (NYSE:MFC) (TSE:MFC).
Receive News & Ratings for Manulife Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.