Manulife Financial Co. (MFC.TO) – What Are Brokerages Thinking About This Stock?

Shares of Manulife Financial Co. (TSE:MFC – Get Free Report) (NYSE:MFC) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$66.45.

A number of research analysts have recently issued reports on MFC shares. TD lifted their target price on shares of Manulife Financial from C$65.00 to C$67.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Scotia increased their price target on Manulife Financial from C$61.00 to C$67.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price target on Manulife Financial from C$55.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Scotiabank cut Manulife Financial from a “sector outperform” rating to a “hold” rating and set a C$67.00 price target for the company. in a report on Wednesday, October 28th. Finally, BMO Capital Markets lifted their price objective on Manulife Financial from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

View Our Latest Stock Analysis on Manulife Financial

Manulife Financial Stock Performance

TSE:MFC opened at C$62.68 on Tuesday. Manulife Financial has a 12-month low of C$44.23 and a 12-month high of C$63.98. The company has a quick ratio of 2.58, a current ratio of 2.36 and a debt-to-equity ratio of 26.52. The firm has a market capitalization of C$103.69 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. The firm has a 50-day moving average price of C$61.24 and a 200 day moving average price of C$55.60.

Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$1.09 earnings per share for the quarter. Manulife Financial had a return on equity of 12.98% and a net margin of 11.62%. The company had revenue of C$20.34 billion for the quarter. Research analysts anticipate that Manulife Financial will post 3.61 earnings per share for the current fiscal year.

Manulife Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 21st were given a $0.4850 dividend. This represents a $1.94 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 21st. Manulife Financial’s dividend payout ratio (DPR) is presently 50.14%.

Insider Buying and Selling at Manulife Financial

In other Manulife Financial news, insider Patrick David Graham sold 6,843 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$62.06, for a total value of C$424,676.58. Corporate insiders own 0.03% of the company’s stock.

About Manulife Financial

(Get Free Report)

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.

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Analyst Recommendations for Manulife Financial (TSE:MFC)

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