TSE:MFC FY2025 EPS Reduced by National Bank Financial

Manulife Financial Co. (TSE:MFC - Free Report) NYSE: MFC - Research analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for Manulife Financial in a research note issued to investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $4.25 per share for the year, down from their prior forecast of $4.30. The consensus estimate for Manulife Financial's current full-year earnings is $3.61 per share.

A number of other equities analysts have also commented on MFC. National Bankshares increased their price target on Manulife Financial from C$45.00 to C$47.00 in a research note on Thursday, November 7th. CIBC lifted their target price on Manulife Financial from C$42.00 to C$46.00 in a research report on Friday, November 8th. Barclays boosted their price objective on shares of Manulife Financial from C$40.00 to C$47.00 in a research report on Monday, January 6th. TD Securities upped their target price on Manulife Financial from C$45.00 to C$48.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Scotiabank increased their target price on Manulife Financial from C$48.00 to C$49.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$44.09.

Manulife Financial Price Performance

Shares of MFC stock traded down C$0.11 during mid-day trading on Friday, hitting C$44.26. The company had a trading volume of 1,155,471 shares, compared to its average volume of 3,073,051. The company has a market capitalization of C$78.34 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.01 and a beta of 1.06. The stock's 50 day moving average price is C$44.48 and its 200-day moving average price is C$40.24. Manulife Financial has a 52-week low of C$28.06 and a 52-week high of C$46.42. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58.

Insider Activity

In other Manulife Financial news, Director Brooks Tingle sold 3,866 shares of Manulife Financial stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total value of C$178,102.75. Also, Director Anthony Alex Silva sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$45.22, for a total transaction of C$45,218.70. Insiders sold a total of 77,771 shares of company stock valued at $3,508,584 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Manulife Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.62%. The ex-dividend date was Wednesday, November 20th. Manulife Financial's dividend payout ratio (DPR) is 68.09%.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.