Manulife Financial Corp (NYSE:MFC) Position Held by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC maintained its stake in Manulife Financial Corp (NYSE:MFC) (TSE:MFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the financial services provider’s stock at the end of the second quarter. Manulife Financial Corp comprises approximately 0.1% of Hunting Hill Global Capital LLC’s portfolio, making the stock its 15th largest position. Hunting Hill Global Capital LLC’s holdings in Manulife Financial Corp were worth $469,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MFC. Ronald Blue & Co. LLC increased its position in Manulife Financial Corp by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 12,997 shares of the financial services provider’s stock valued at $244,000 after buying an additional 93 shares during the period. Whittier Trust Co. increased its position in Manulife Financial Corp by 1.2% in the first quarter. Whittier Trust Co. now owns 12,018 shares of the financial services provider’s stock valued at $213,000 after buying an additional 146 shares during the period. Regentatlantic Capital LLC increased its stake in shares of Manulife Financial Corp by 0.8% in the first quarter. Regentatlantic Capital LLC now owns 22,841 shares of the financial services provider’s stock valued at $405,000 after buying an additional 182 shares during the period. Bessemer Group Inc. increased its stake in shares of Manulife Financial Corp by 0.9% in the second quarter. Bessemer Group Inc. now owns 29,736 shares of the financial services provider’s stock valued at $558,000 after buying an additional 261 shares during the period. Finally, Park National Corp OH increased its stake in shares of Manulife Financial Corp by 3.9% in the second quarter. Park National Corp OH now owns 13,525 shares of the financial services provider’s stock valued at $254,000 after buying an additional 508 shares during the period. 48.30% of the stock is currently owned by institutional investors.

Shares of Manulife Financial Corp (NYSE:MFC) traded down 1.56% during midday trading on Friday, hitting $19.47. The company had a trading volume of 2,501,875 shares. Manulife Financial Corp has a 12 month low of $13.29 and a 12 month high of $20.84. The company has a 50-day moving average of $19.90 and a 200-day moving average of $18.40. The company has a market capitalization of $38.51 billion, a PE ratio of 13.50 and a beta of 1.30.

Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $12.34 billion during the quarter, compared to analyst estimates of $16.09 billion. During the same quarter last year, the company posted $0.40 EPS. Analysts predict that Manulife Financial Corp will post $1.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.1621 per share. This is a positive change from Manulife Financial Corp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, August 18th. This represents a $0.65 annualized dividend and a yield of 3.33%. Manulife Financial Corp’s dividend payout ratio is 43.48%.

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Several analysts recently issued reports on the company. Zacks Investment Research raised Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Monday, July 10th. BidaskClub raised Manulife Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. National Bank Financial restated a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. Finally, ValuEngine cut Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Manulife Financial Corp currently has an average rating of “Buy” and a consensus target price of $23.33.

About Manulife Financial Corp

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 Corp (NYSE:MFC)

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