294,123 Shares in Manulife Financial Corp $MFC Bought by Nykredit A S

Nykredit A/S recently acquired 294,123 shares of Manulife Financial Corp (NYSE:MFC), valued at approximately $11.9 million, bringing institutional ownership to 52.56%. Analysts maintain a "Buy" rating for Manulife, with a consensus price target of $59.00 and RBC raising its target to $67.00. The company reported strong Q2 earnings, beating EPS estimates and showing a 7.3% increase in revenue, and declared a quarterly dividend of $0.485 per share, yielding 4.4%.