Manulife Financial Co. (TSE:MFC – Get Free Report) (NYSE:MFC) insider Patrick David Graham sold 6,843 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$62.06, for a total value of C$424,676.58.
Manulife Financial Stock Performance
TSE:MFC traded down C$0.34 on Monday, hitting C$61.39. The company’s stock had a trading volume of 770,764 shares, compared to its average volume of 6,009,648. The company has a current ratio of 2.36, a quick ratio of 2.58 and a debt-to-equity ratio of 26.52. The stock has a fifty day moving average of C$59.23 and a two-hundred day moving average of C$53.64. The firm has a market capitalization of C$101.86 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. Manulife Financial Co. has a one year low of C$41.22 and a one year high of C$63.58.
Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last issued its earnings results on Wednesday, August 5th. The financial services provider reported C$1.09 EPS 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 during the quarter. Research analysts predict that Manulife Financial Co. will post 3.6104452 earnings per share for the current year.
Manulife Financial Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. TD upped their price objective on shares of Manulife Financial from C$65.00 to C$67.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Desjardins raised their target price on shares of Manulife Financial from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Jefferies Financial Group lifted their target price on shares of Manulife Financial from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays upped their price target on shares of Manulife Financial from C$56.00 to C$59.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, National Bank Financial increased their price target on shares of Manulife Financial from C$59.00 to C$69.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Manulife Financial presently has an average rating of “Buy” and an average price target of C$66.00.
View Our Latest Stock Report on MFC
About Manulife Financial
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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