Canerector Inc. Buys 170,000 Shares of Manulife Financial Corp $MFC

Posted by Brenda Bartman on Jul 26th, 2026

Canerector Inc. lifted its stake in shares of Manulife Financial Corp (NYSE:MFC – Free Report) (TSE:MFC) by 27.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 800,000 shares of the financial services provider’s stock after buying an additional 170,000 shares during the quarter. Manulife Financial accounts for about 0.1% of Canerector Inc.’s holdings, making the stock its 4th biggest holding. Canerector Inc.’s holdings in Manulife Financial were worth $28,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UBS Group AG lifted its holdings in Manulife Financial by 10.0% during the 4th quarter. UBS Group AG now owns 4,016,230 shares of the financial services provider’s stock worth $145,709,000 after buying an additional 363,963 shares during the last quarter. Generali Asset Management SPA SGR grew its position in shares of Manulife Financial by 1,092.1% in the 4th quarter. Generali Asset Management SPA SGR now owns 51,632 shares of the financial services provider’s stock worth $1,873,000 after acquiring an additional 47,301 shares in the last quarter. Swiss National Bank increased its holdings in shares of Manulife Financial by 25.7% in the 1st quarter. Swiss National Bank now owns 5,645,600 shares of the financial services provider’s stock valued at $194,191,000 after acquiring an additional 1,154,200 shares during the last quarter. Intact Investment Management Inc. increased its holdings in shares of Manulife Financial by 55.5% in the 4th quarter. Intact Investment Management Inc. now owns 2,351,965 shares of the financial services provider’s stock valued at $85,401,000 after acquiring an additional 839,820 shares during the last quarter. Finally, SEB Asset Management AB acquired a new stake in shares of Manulife Financial during the 1st quarter valued at approximately $33,531,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MFC. Weiss Ratings cut Manulife Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday. Scotiabank reissued an “outperform” rating on shares of Manulife Financial in a report on Wednesday, July 15th. TD Securities restated a “buy” rating on shares of Manulife Financial in a research report on Thursday, May 14th. Finally, Zacks Research lowered shares of Manulife Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.50.

Read Our Latest Report on MFC

Manulife Financial Trading Up 1.4%

Shares of Manulife Financial stock opened at $43.64 on Friday. The business’s 50 day simple moving average is $40.33 and its 200-day simple moving average is $37.95. The stock has a market capitalization of $72.53 billion, a price-to-earnings ratio of 17.32 and a beta of 0.84. Manulife Financial Corp has a twelve month low of $29.70 and a twelve month high of $43.81.

Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last announced its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). Manulife Financial had a return on equity of 16.58% and a net margin of 10.19%.The company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $0.99 EPS. Sell-side analysts predict that Manulife Financial Corp will post 3.03 earnings per share for the current year.

Manulife Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 29th were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, May 29th. Manulife Financial’s dividend payout ratio (DPR) is presently 56.75%.

About Manulife Financial

(Free Report)

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.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.