JCIC Asset Management Inc. Has $196,000 Position in Manulife Financial Co. (NYSE:MFC)

JCIC Asset Management Inc. grew its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 16.1% during the fourth quarter, Holdings Channel reports. The firm owned 6,389 shares of the financial services provider’s stock after acquiring an additional 884 shares during the quarter. JCIC Asset Management Inc.’s holdings in Manulife Financial were worth $196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Manulife Financial by 16.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock worth $61,426,000 after buying an additional 279,418 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Manulife Financial by 148.9% in the third quarter. Sanctuary Advisors LLC now owns 73,346 shares of the financial services provider’s stock worth $2,382,000 after purchasing an additional 43,877 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Manulife Financial by 1,210.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,161,059 shares of the financial services provider’s stock worth $30,922,000 after purchasing an additional 1,072,474 shares during the period. Legal & General Group Plc increased its stake in Manulife Financial by 0.5% in the second quarter. Legal & General Group Plc now owns 14,783,400 shares of the financial services provider’s stock valued at $393,592,000 after purchasing an additional 75,244 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Manulife Financial in the 3rd quarter valued at about $13,318,000. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

MFC stock traded down $0.25 during trading on Monday, reaching $29.54. 626,803 shares of the stock were exchanged, compared to its average volume of 970,633. The firm’s 50 day moving average is $31.39 and its 200 day moving average is $28.99. The firm has a market cap of $51.07 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. Manulife Financial Co. has a twelve month low of $20.78 and a twelve month high of $33.07.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. The company had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.73 billion. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. During the same period last year, the business earned $0.69 EPS. As a group, analysts predict that Manulife Financial Co. will post 2.72 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.296 per share. The ex-dividend date was Wednesday, November 20th. This is an increase from Manulife Financial’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 4.01%. Manulife Financial’s payout ratio is presently 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.