<div id="readability-page-1"><p>Sienna Gestion raised its holdings in shares of  Manulife Financial Corp (NYSE:MFC - Free Report) <span>TSE: MFC<span></span></span> by 233.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 556,239 shares of the financial services provider's stock after buying an additional 389,500 shares during the period. Manulife Financial comprises  1.1% of Sienna Gestion's investment portfolio, making the stock its 17th largest position. Sienna Gestion's holdings in Manulife Financial were worth $15,804,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Manulife Financial</strong> alerts:</span></p></div><ul><li>5 Undervalued Stocks To Secure Your High Yield Portfolio</li></ul><p>Several other institutional investors also recently bought and sold shares of MFC. Root Financial Partners LLC purchased a new position in shares of  Manulife Financial in the 3rd quarter valued at $25,000.  Caldwell Trust Co purchased a new stake in  Manulife Financial during the 2nd quarter worth $27,000.  American Wealth Advisors LLC acquired a new stake in  Manulife Financial in the 3rd quarter valued at $36,000.  Winnow Wealth LLC acquired a new stake in  Manulife Financial in the 2nd quarter valued at $38,000.  Finally, Goodman Advisory Group LLC purchased a new position in  Manulife Financial in the second quarter valued at about $39,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>A number of research analysts have commented on MFC shares. Canadian Imperial Bank of Commerce upgraded Manulife Financial from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating in a research note on Thursday, January 8th. Weiss Ratings lowered Manulife Financial from a &#34;buy (a-)&#34; rating to a &#34;buy (b)&#34; rating in a research report on Friday, February 13th. Morgan Stanley  set a $51.00 price target on Manulife Financial in a report on Monday, December 15th. BMO Capital Markets  reaffirmed an &#34;outperform&#34; rating on shares of Manulife Financial in a research report on Friday, November 14th. Finally, Scotiabank  reiterated an &#34;outperform&#34; rating on shares of Manulife Financial in a research note on Thursday, February 5th. One investment analyst  has rated the stock with a Strong Buy rating and five have assigned  a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock  has an average rating of &#34;Buy&#34; and an average price target of $51.50.</p><ul><li>3 High Short Interest Stocks that Investors are Getting Wrong</li></ul><p><b>Read Our Latest Research Report on MFC</b></p><h2>Manulife Financial Stock Performance</h2><p>Shares of NYSE MFC opened at $33.65 on Monday. Manulife Financial Corp has a 1 year low of $25.92 and a 1 year high of $38.72. The stock's 50-day simple moving average is $36.75 and its 200-day simple moving average is $34.29. The firm has a market cap of $56.42 billion, a price-to-earnings ratio of 15.16 and a beta of 0.83. </p><p>Manulife Financial (NYSE:MFC - Get Free Report) <span>TSE: MFC<span></span></span> last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. Manulife Financial had a return on equity of 16.43% and a net margin of 9.18%.The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share.  As a group, research analysts predict that  Manulife Financial Corp will post 2.87 EPS for the current year. </p><h2>Manulife Financial Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from Manulife Financial's previous quarterly dividend of $0.44. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. Manulife Financial's dividend payout ratio  is 63.96%. </p><h2>Manulife Financial Company Profile</h2> (Free Report)<p>Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.  </p><p>In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Manulife Financial</li><li>The gold chart Wall Street is terrified of…</li><li>America’s 1776 happening again</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Elon Musk already made me a “wealthy man”</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding MFC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manulife Financial Corp (NYSE:MFC - Free Report) <span>TSE: MFC<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1GQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1GQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Manulife Financial Right Now?</h2><p>Before you consider Manulife Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manulife Financial wasn't on the list.</p><p>While Manulife Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Sienna Gestion increased its stake in Manulife Financial Corp (NYSE:MFC) by 233.6% in Q3, owning 556,239 shares after acquiring 389,500 shares. This investment represents 1.1% of Sienna's portfolio, valued at $15.8 million. Other institutional investors also bought shares, with 52.56% of MFC owned by hedge funds. Analysts have mixed ratings on MFC, with an average price target of $51.50. Manulife recently declared a quarterly dividend increase to $0.485 per share, reflecting a 5.8% yield. The company reported strong earnings, with a revenue of $11.32 billion and an EPS of $0.80 for the last quarter.</p>

Manulife Financial Corp $MFC Shares Purchased by Sienna Gestion