The State Investment Council of Wisconsin holds its position in shares of Manulife Financial Co. (NYSE: MFC) (TSE: MFC) decreased by 14.5% in the second quarter, according to the most recent 13F application to the Securities & Exchange Commission. The company held 2,039,978 shares in the financial services company's possession after selling 346,000 shares during the period. The State of Wisconsin Investment Board held approximately 0.10% of Manulife Financial worth $ 36,629,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently changed their positions in the company. Adviser Investments LLC acquired a new position in Manulife Financial of $ 132,000 in the first quarter. RMB Capital Management LLC acquired a new position in Manulife Financial of $ 187,000 in the first quarter. Sawtooth Solutions LLC acquired a new position in Manulife Financial of $ 202,000 in the first quarter. Signaturigh LLC acquired a new position in Manulife Financial of $ 210,000 in the first quarter. Finally, Squar Milner Financial Services LLC acquired a new position in Manulife Financial in the second quarter of $ 248,000. 46.15% of the shares are held by institutional investors and hedge funds.
Shares of Manulife Financial shares opened at 6.30 pm on Friday. The share has a market capitalization of $ 37.24 billion, a K / W ratio of 10.70, a price-earnings ratio of 0.93 and a beta of 1.31. Manulife Financial Co. has a 1-year low of $ 17.73 and a 1-year high of $ 22.16.
Manulife Financial (NYSE: MFC) (TSE: MFC) last published the quarterly results on Wednesday 8 August. The financial services provider reported $ 0.70 earnings per share (EPS) for the quarter, in addition to the Thomson Reuters consensus estimate of $ 0.49 with $ 0.21. The company had sales of $ 10.59 billion during the quarter. Manulife Financial had a net margin of 4.22% and a return on equity of 12.69%. In the same quarter of the previous year, the company earned $ 0.57 per share. analysts expect Manulife Financial Co. 2.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19. Investors of record on Tuesday, August 21 will receive a dividend of $ 0.169. This represents an annualized dividend of $ 0.68 and a dividend yield of 3.69%. This is a positive change from the previous quarterly dividend of $ 0.13 from Manulife Financial. The ex-dividend date is Monday, August 20. The distribution ratio of Manulife Financial (DPR) is currently 39.77%.
MFC has been the subject of various research reports. Zacks Investment Research has the shares of Manulife Financial from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; credit was upgraded in a report on Tuesday, June 5. ValuEngine reduced the shares of Manulife Financial from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit in a report on Monday, June 18. Evercore ISI initiated the coverage of Manulife Financial shares in a report on Tuesday 10 July. They have issued an "in-line" score for the company. Finally, Morgan Stanley lowered its price target on Manulife Financial shares from $ 27.00 to $ 26.00 and posted an "equal weight" rating for the company on Wednesday, July 11. One investment analyst has rated the shares with a sell rating, three have a hold rating and four have assigned a buy-rating to the company. The stock currently has a consensus of "Hold" and a consensus target price of $ 26.33.
Manulife Financial profile
Manulife Financial Corporation, along with its subsidiaries, provides financial advice, insurance and asset and asset management solutions for individuals, groups and institutions in Asia, Canada and the United States. The company offers individual life insurance policies and individual and group long-term health insurance policies through insurance agents, brokers, banks, financial planners and direct marketing.
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