One Capital Management LLC Makes New $655,000 Investment in Manulife Financial Corp $MFC

One Capital Management LLC bought a new position in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,022 shares of the financial services provider’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG grew its stake in shares of Manulife Financial by 10.0% during the 4th quarter. UBS Group AG now owns 4,016,230 shares of the financial services provider’s stock valued at $145,709,000 after buying an additional 363,963 shares during the period. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Manulife Financial during the 3rd quarter valued at $8,021,000. Legal & General Group Plc grew its stake in shares of Manulife Financial by 5.7% during the 3rd quarter. Legal & General Group Plc now owns 11,541,321 shares of the financial services provider’s stock valued at $359,662,000 after buying an additional 621,093 shares during the period. Sienna Gestion grew its stake in shares of Manulife Financial by 233.6% during the 3rd quarter. Sienna Gestion now owns 556,239 shares of the financial services provider’s stock valued at $15,804,000 after buying an additional 389,500 shares during the period. Finally, Allianz SE purchased a new stake in shares of Manulife Financial during the 3rd quarter valued at $879,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Price Performance

NYSE:MFC opened at $38.50 on Friday. The firm has a 50-day moving average of $37.71 and a two-hundred day moving average of $36.55. The stock has a market cap of $64.24 billion, a P/E ratio of 15.28 and a beta of 0.84. Manulife Financial Corp has a 1-year low of $29.70 and a 1-year high of $40.40.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, May 13th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The company had revenue of $8.89 billion during the quarter, compared to analyst estimates of $2.32 billion. Manulife Financial had a net margin of 10.19% and a return on equity of 16.58%. During the same quarter last year, the company posted $0.99 EPS. As a group, equities analysts expect that Manulife Financial Corp will post 3.2 earnings per share for the current year.

Manulife Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 29th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, May 29th. This represents a $1.94 annualized dividend and a yield of 5.0%. Manulife Financial’s dividend payout ratio is 56.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Manulife Financial in a report on Wednesday, April 29th. TD Securities restated a “buy” rating on shares of Manulife Financial in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Manulife Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Manulife Financial in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, Manulife Financial presently has a consensus rating of “Buy” and a consensus target price of $51.50.

Manulife Financial 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.