DGS Capital Management LLC Raises Holdings in Manulife Financial Co. (NYSE:MFC)

DGS Capital Management LLC grew its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,289 shares of the financial services provider’s stock after buying an additional 2,295 shares during the period. DGS Capital Management LLC’s holdings in Manulife Financial were worth $1,667,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. West Financial Advisors LLC purchased a new position in Manulife Financial in the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new position in shares of Manulife Financial in the 3rd quarter valued at $26,000. Capital Performance Advisors LLP acquired a new stake in Manulife Financial during the 3rd quarter worth $30,000. Fortitude Family Office LLC acquired a new position in Manulife Financial in the third quarter valued at $31,000. Finally, Tsfg LLC grew its stake in Manulife Financial by 103.8% during the 3rd quarter. Tsfg LLC now owns 1,404 shares of the financial services provider’s stock worth $42,000 after buying an additional 715 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Price Performance

Shares of NYSE:MFC opened at $30.53 on Friday. Manulife Financial Co. has a 1-year low of $21.54 and a 1-year high of $33.07. The stock has a market cap of $52.77 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.05 and a beta of 1.09. The firm has a fifty day moving average price of $31.16 and a 200 day moving average price of $29.20.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The company had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.73 billion. During the same period last year, the business posted $0.69 EPS. Sell-side analysts expect that Manulife Financial Co. will post 2.69 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.296 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, November 20th. Manulife Financial’s payout ratio is 59.42%.

Manulife Financial Company 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.