Shares of Manulife Financial Co. (TSE:MFC - Get Free Report) NYSE: MFC passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$35.37 and traded as high as C$40.22. Manulife Financial shares last traded at C$40.06, with a volume of 4,646,651 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on MFC shares. National Bankshares raised their price objective on Manulife Financial from C$38.00 to C$43.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Scotiabank boosted their price target on shares of Manulife Financial from C$40.00 to C$41.00 in a research report on Friday, August 9th. Barclays set a C$39.00 price objective on shares of Manulife Financial and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. Dbs Bank upgraded shares of Manulife Financial to a "strong-buy" rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada upped their price target on shares of Manulife Financial from C$38.00 to C$39.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$39.18.
View Our Latest Analysis on Manulife Financial
Manulife Financial Stock Up 0.2 %
The company has a market cap of C$71.08 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 12.56 and a beta of 1.05. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58. The company has a 50 day moving average of C$36.89 and a 200-day moving average of C$35.37.
Manulife Financial (TSE:MFC - Get Free Report) NYSE: MFC last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported C$0.91 earnings per share for the quarter, topping the consensus estimate of C$0.88 by C$0.03. Manulife Financial had a net margin of 17.34% and a return on equity of 10.41%. The company had revenue of C$12.88 billion for the quarter, compared to analysts' expectations of C$12.27 billion. On average, equities analysts predict that Manulife Financial Co. will post 4.001004 earnings per share for the current year.
Manulife Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Wednesday, August 21st. Manulife Financial's dividend payout ratio is currently 68.09%.
Insider Buying and Selling
In other Manulife Financial news, Director Matthew Lyman Macinnis sold 6,708 shares of Manulife Financial stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$34.67, for a total transaction of C$232,566.36. In other news, Director Matthew Lyman Macinnis sold 6,708 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$34.67, for a total value of C$232,566.36. Also, Director Rocco Gori sold 48,345 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$35.73, for a total transaction of C$1,727,395.86. Over the last ninety days, insiders sold 68,821 shares of company stock worth $2,455,596. Corporate insiders own 0.03% of the company's stock.
About Manulife Financial
(
Get Free Report)
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.
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