Shares of Manulife Financial Co. (TSE:MFC – Get Free Report) (NYSE:MFC) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$43.45.
A number of research analysts recently issued reports on the company. Dbs Bank raised Manulife Financial to a “strong-buy” rating in a report on Thursday, August 8th. Barclays raised their price objective on shares of Manulife Financial from C$39.00 to C$40.00 in a research report on Friday, November 22nd. Scotiabank upped their target price on shares of Manulife Financial from C$48.00 to C$49.00 in a research report on Friday, November 8th. CIBC raised their price target on shares of Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Finally, Cormark boosted their price objective on shares of Manulife Financial from C$47.00 to C$48.00 in a research report on Thursday, November 21st.
Read Our Latest Report on MFC
Insider Buying and Selling
In other news, Senior Officer James D. Gallagher sold 57,064 shares of Manulife Financial stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$44.80, for a total transaction of C$2,556,638.39. Also, Director Anthony Alex Silva sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$45.22, for a total transaction of C$45,218.70. Insiders sold a total of 75,694 shares of company stock valued at $3,395,385 over the last three months. Company insiders own 0.03% of the company’s stock.
Manulife Financial Trading Up 0.4 %
MFC stock opened at C$44.87 on Tuesday. The business has a fifty day moving average price of C$42.17 and a 200 day moving average price of C$38.17. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58. Manulife Financial has a fifty-two week low of C$26.17 and a fifty-two week high of C$46.42. The stock has a market capitalization of C$79.42 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.01 and a beta of 1.06.
Manulife Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. Manulife Financial’s dividend payout ratio is currently 68.09%.
Manulife Financial Company Profile
(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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