Trade Report: Today: Delta Lloyd NV invests in 22,033 by buying Manulife Financial Corp. (MFC) shares

Today: Delta Lloyd NV invests in 22,033 by buying Manulife Financial Corp. (MFC) shares

Delta Lloyd NV increased its position in Manulife Financial Corp. (NYSE:MFC) (TSE:MFC) by 17.5% during the third quarter, Holdings Channel reports. The institutional investor owned 147,773 shares of the company’s stock after buying an additional 22,033 shares during the period. Delta Lloyd NV’s holdings in Manulife Financial Corp. were worth $2,083,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec boosted its position in Manulife Financial Corp. by 0.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,940,842 shares of the company’s stock valued at $774,732,000 after buying an additional 174,285 shares during the period. I.G. Investment Management LTD. boosted its position in Manulife Financial Corp. by 3.3% in the second quarter. I.G. Investment Management LTD. now owns 52,492,067 shares of the company’s stock valued at $718,005,000 after buying an additional 1,688,169 shares during the period. 1832 Asset Management L.P. boosted its position in Manulife Financial Corp. by 2.3% in the second quarter. 1832 Asset Management L.P. now owns 41,066,431 shares of the company’s stock valued at $905,870,000 after buying an additional 928,388 shares during the period. Vanguard Group Inc. boosted its position in Manulife Financial Corp. by 12.1% in the second quarter. Vanguard Group Inc. now owns 37,453,287 shares of the company’s stock valued at $511,986,000 after buying an additional 4,055,711 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Manulife Financial Corp. by 4.4% in the third quarter. CIBC Asset Management Inc now owns 31,590,522 shares of the company’s stock valued at $446,489,000 after buying an additional 1,326,595 shares during the period. Institutional investors own 48.50% of the company’s stock.

Manulife Financial Corp. (NYSE:MFC) traded down 1.286% during trading on Monday, hitting $17.275. The stock had a trading volume of 1,489,285 shares. The company has a market cap of $34.09 billion, a PE ratio of 15.452 and a beta of 1.51. Manulife Financial Corp. has a 52 week low of $10.99 and a 52 week high of $17.71. The stock has a 50-day moving average price of $15.34 and a 200-day moving average price of $14.23.

Manulife Financial Corp. (NYSE:MFC) last posted its earnings results on Thursday, November 10th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.15. Manulife Financial Corp. had a net margin of 4.63% and a return on equity of 9.05%. During the same quarter in the prior year, the business earned $0.43 EPS. Equities analysts predict that Manulife Financial Corp. will post $1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Tuesday, November 22nd will be issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, November 18th. Manulife Financial Corp.’s dividend payout ratio (DPR) is 49.11%.

Several research analysts recently commented on MFC shares. Bank of America Corp. started coverage on Manulife Financial Corp. in a research note on Wednesday, August 24th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Manulife Financial Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Scotiabank reiterated 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. Dundee Securities started coverage on Manulife Financial Corp. in a research note on Wednesday, September 21st. They issued a “buy” rating on the stock. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Manulife Financial Corp. in a research note on Monday, November 14th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.38.

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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