Clark Capital Management Group Inc. grew its holdings in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 43.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 778,385 shares of the financial services provider’s stock after purchasing an additional 234,667 shares during the period. Clark Capital Management Group Inc.’s holdings in Manulife Financial were worth $16,237,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Candriam Luxembourg S.C.A. lifted its position in Manulife Financial by 1.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 158,488 shares of the financial services provider’s stock worth $3,207,000 after buying an additional 2,514 shares in the last quarter. BB&T Corp lifted its position in Manulife Financial by 5.3% during the 4th quarter. BB&T Corp now owns 57,051 shares of the financial services provider’s stock worth $1,190,000 after buying an additional 2,849 shares in the last quarter. Bridge Creek Capital Management LLC lifted its position in Manulife Financial by 6.5% during the 4th quarter. Bridge Creek Capital Management LLC now owns 53,146 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 3,246 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Manulife Financial by 3.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 92,279 shares of the financial services provider’s stock worth $1,925,000 after buying an additional 3,256 shares in the last quarter. Finally, Wade G W & Inc. lifted its position in Manulife Financial by 0.6% during the 3rd quarter. Wade G W & Inc. now owns 585,012 shares of the financial services provider’s stock worth $11,870,000 after buying an additional 3,278 shares in the last quarter. 48.39% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Manulife Financial Co. (MFC) opened at $18.66 on Thursday. The stock has a market cap of $37,030.00, a PE ratio of 19.85, a PEG ratio of 0.96 and a beta of 1.32. Manulife Financial Co. has a fifty-two week low of $16.62 and a fifty-two week high of $22.16.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $12.79 billion during the quarter. Manulife Financial had a net margin of 3.50% and a return on equity of 11.49%. equities analysts predict that Manulife Financial Co. will post 2.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Wednesday, February 21st will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, February 20th. Manulife Financial’s dividend payout ratio is presently 74.47%.

MFC has been the topic of several analyst reports. Scotiabank reissued a “buy” rating and set a $31.00 price target on shares of Manulife Financial in a research report on Wednesday, January 31st. Morgan Stanley cut their price target on shares of Manulife Financial from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, February 6th. ValuEngine raised shares of Manulife Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, National Bank Financial raised shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.00.

ILLEGAL ACTIVITY WARNING: “Clark Capital Management Group Inc. Has $16.24 Million Holdings in Manulife Financial Co. (MFC)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/03/15/clark-capital-management-group-inc-has-16-24-million-holdings-in-manulife-financial-co-mfc.html.

Manulife Financial 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 Co. (NYSE:MFC) (TSE:MFC).

Institutional Ownership by Quarter for Manulife Financial (NYSE:MFC)

Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.