Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Brian Collins sold 1,962 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$23.55, for a total value of C$46,210.01.
Shares of TSE:MFC traded down C$0.33 during trading on Friday, reaching C$23.31. 3,094,169 shares of the stock were exchanged, compared to its average volume of 5,314,174. Manulife Financial Co. has a 12 month low of C$18.33 and a 12 month high of C$25.20. The stock has a market cap of $46.53 billion and a PE ratio of 8.53. The company has a quick ratio of 1.88, a current ratio of 4.96 and a debt-to-equity ratio of 39.39.
Manulife Financial (TSE:MFC) (NYSE:MFC) last issued its quarterly earnings results on Wednesday, February 13th. The financial services provider reported C$0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.01). The company had revenue of C$8.51 billion during the quarter. Equities research analysts expect that Manulife Financial Co. will post 3.15000010732539 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Tuesday, May 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, May 13th. Manulife Financial’s dividend payout ratio (DPR) is currently 34.36%.
A number of equities research analysts have recently issued reports on the company. Desjardins boosted their price objective on Manulife Financial from C$27.00 to C$28.00 in a report on Monday, April 15th. Morgan Stanley boosted their price objective on Manulife Financial from C$25.00 to C$26.00 in a report on Friday, May 3rd. National Bank Financial boosted their price objective on Manulife Financial from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Eight Capital boosted their price objective on Manulife Financial from C$27.00 to C$28.00 in a report on Friday, April 26th. Finally, Canaccord Genuity boosted their price objective on Manulife Financial from C$30.00 to C$31.00 in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$28.00.
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Manulife Financial Company Profile
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.
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