Schroder Investment Management Group Has $20.03 Million Position in Manulife Financial Corp (MFC)

Schroder Investment Management Group increased its stake in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) by 17.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,540 shares of the financial services provider’s stock after purchasing an additional 109,530 shares during the quarter. Schroder Investment Management Group’s holdings in Manulife Financial were worth $20,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Asset Management Inc. grew its stake in Manulife Financial by 1.6% during the 3rd quarter. TD Asset Management Inc. now owns 59,703,080 shares of the financial services provider’s stock valued at $1,208,240,000 after acquiring an additional 927,841 shares in the last quarter. Vanguard Group Inc. grew its stake in Manulife Financial by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 44,039,248 shares of the financial services provider’s stock valued at $826,177,000 after acquiring an additional 1,882,515 shares in the last quarter. Jarislowsky Fraser Ltd grew its stake in Manulife Financial by 0.3% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 34,376,766 shares of the financial services provider’s stock valued at $695,701,000 after acquiring an additional 93,166 shares in the last quarter. CIBC Asset Management Inc grew its stake in Manulife Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 22,492,974 shares of the financial services provider’s stock valued at $455,052,000 after acquiring an additional 427,684 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Manulife Financial by 7.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 21,013,888 shares of the financial services provider’s stock valued at $425,407,000 after acquiring an additional 1,463,511 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on MFC shares. Zacks Investment Research raised Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, October 10th. Morgan Stanley lifted their target price on Manulife Financial from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, ValuEngine cut Manulife Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $25.00.

Shares of Manulife Financial Corp (MFC) traded down $0.14 during trading on Wednesday, hitting $21.02. The stock had a trading volume of 1,738,100 shares, compared to its average volume of 2,377,671. The firm has a market cap of $41,872.36, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. Manulife Financial Corp has a fifty-two week low of $16.62 and a fifty-two week high of $21.69.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.1606 per share. The ex-dividend date is Monday, November 20th. This represents a $0.64 annualized dividend and a dividend yield of 3.06%. Manulife Financial’s dividend payout ratio is 45.71%.

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Manulife Financial Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Institutional Ownership by Quarter for Manulife Financial (NYSE:MFC)

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