Manulife Financial (TSE:MFC – Free Report) (NYSE:MFC) had its target price trimmed by National Bank Financial from C$69.00 to C$68.00 in a research note published on Monday morning,BayStreet reports. The firm currently has an outperform rating on the financial services provider’s stock.
Several other research firms have also recently weighed in on MFC. Royal Bank Of Canada increased their price target on shares of Manulife Financial from C$55.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Jefferies Financial Group increased their target price on Manulife Financial from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Barclays lifted their price target on Manulife Financial from C$56.00 to C$59.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. TD boosted their price target on 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. Finally, Canadian Imperial Bank of Commerce upped their price objective on Manulife Financial from C$61.00 to C$69.00 in a report on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$65.91.
Get Our Latest Research Report on Manulife Financial
Manulife Financial Stock Performance
Shares of TSE MFC opened at C$63.51 on Monday. The company has a current ratio of 2.36, a quick ratio of 2.58 and a debt-to-equity ratio of 26.52. Manulife Financial has a 12 month low of C$44.23 and a 12 month high of C$63.82. The stock has a 50 day moving average of C$60.88 and a 200-day moving average of C$57.73. The company has a market capitalization of C$105.06 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.01 and a beta of 0.59.
Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$1.09 earnings per share (EPS) for the quarter. Manulife Financial had a return on equity of 12.98% and a net margin of 11.62%. The business had revenue of C$20.34 billion during the quarter. As a group, equities research analysts predict that Manulife Financial will post 3.61 EPS for the current year.
Manulife Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were paid a $0.4850 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.94 annualized dividend and a dividend yield of 3.1%. Manulife Financial’s dividend payout ratio (DPR) is presently 50.14%.
Insider Activity
In other news, insider Patrick David Graham sold 6,843 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$62.06, for a total transaction of C$424,676.58. Insiders own 0.03% of the company’s stock.
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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