The North Star Asset Management Inc. reached $145,000 position of Manulife Financial Corp. (MFC)

The North Star Asset Management Inc. reached $145,000 position  of Manulife Financial Corp. (MFC)

North Star Asset Management Inc. continued to hold its position in shares of Manulife Financial Corp. (NYSE:MFC) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,266 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Manulife Financial Corp. were worth $145,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MFC. K.J. Harrison & Partners Inc bought a new position in shares of Manulife Financial Corp. during the second quarter valued at about $436,000. Shell Asset Management Co. boosted its position in shares of Manulife Financial Corp. by 1.6% in the second quarter. Shell Asset Management Co. now owns 260,321 shares of the company’s stock valued at $4,600,000 after buying an additional 4,170 shares during the period. Davis Rea LTD. bought a new position in shares of Manulife Financial Corp. during the second quarter valued at about $142,000. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Manulife Financial Corp. by 6.8% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 327,735 shares of the company’s stock valued at $4,483,000 after buying an additional 21,010 shares during the period. Finally, Jones Collombin Investment Counsel Inc boosted its position in shares of Manulife Financial Corp. by 3.7% in the second quarter. Jones Collombin Investment Counsel Inc now owns 812,272 shares of the company’s stock valued at $11,106,000 after buying an additional 28,762 shares during the period. 49.50% of the stock is owned by institutional investors and hedge funds.

Manulife Financial Corp. (NYSE:MFC) traded down 0.14% during midday trading on Thursday, reaching $14.52. The company’s stock had a trading volume of 1,387,217 shares. The firm has a market capitalization of $28.65 billion, a P/E ratio of 15.24 and a beta of 1.56. The company’s 50-day moving average is $13.95 and its 200 day moving average is $13.95. Manulife Financial Corp. has a 52 week low of $10.99 and a 52 week high of $17.17.

Manulife Financial Corp. (NYSE:MFC) last announced its earnings results on Thursday, August 4th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Manulife Financial Corp. had a net margin of 4.37% and a return on equity of 8.97%. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts expect that Manulife Financial Corp. will post $1.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.141 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.88%. Manulife Financial Corp.’s dividend payout ratio (DPR) is 61.96%.

Several brokerages have recently issued reports on MFC. Zacks Investment Research raised Manulife Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Dundee Securities initiated coverage on Manulife Financial Corp. in a research note on Wednesday, September 21st. They issued a “buy” rating for the company. Bank of America Corp. initiated coverage on Manulife Financial Corp. in a research note on Wednesday, August 24th. They issued a “buy” rating for the company. TD Securities restated a “hold” rating and issued a $19.00 price target on shares of Manulife Financial Corp. in a research note on Wednesday, August 10th. Finally, Scotiabank restated an “outperform” rating and issued a $19.00 price target (down previously from $20.00) on shares of Manulife Financial Corp. in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Manulife Financial Corp. has an average rating of “Buy” and an average price target of $21.00.

Manulife Financial Corp. Company Profile

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

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