Arkadios Wealth Advisors Has $849,000 Position in Manulife Financial Co. (NYSE:MFC)

Arkadios Wealth Advisors lowered its position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 33.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,642 shares of the financial services provider’s stock after selling 14,199 shares during the quarter. Arkadios Wealth Advisors’ holdings in Manulife Financial were worth $849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Manulife Financial by 13.5% in the third quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock valued at $829,374,000 after buying an additional 3,329,892 shares during the period. Toronto Dominion Bank grew its stake in shares of Manulife Financial by 3.2% in the second quarter. Toronto Dominion Bank now owns 24,057,503 shares of the financial services provider’s stock worth $640,411,000 after purchasing an additional 750,422 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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 worth $393,592,000 after purchasing an additional 75,244 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Manulife Financial by 8.1% in the third quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock worth $247,473,000 after purchasing an additional 616,517 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Manulife Financial by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider’s stock worth $153,455,000 after purchasing an additional 158,216 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Down 0.8 %

Shares of Manulife Financial stock opened at $30.58 on Tuesday. The company’s fifty day moving average is $31.32 and its 200 day moving average is $29.12. Manulife Financial Co. has a twelve month low of $20.78 and a twelve month high of $33.07. The stock has a market cap of $52.86 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.01 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its quarterly 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. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. The firm had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, equities analysts anticipate that Manulife Financial Co. will post 2.71 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.296 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.18 dividend on an annualized basis and a yield of 3.87%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.29. Manulife Financial’s dividend payout ratio is 59.42%.

About Manulife Financial

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.