Manulife Financial Co. (TSE:MFC) Director Anthony Alex Silva Sells 1,000 Shares

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Anthony Alex Silva sold 1,000 shares of Manulife Financial stock in a transaction that occurred 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.

Manulife Financial Trading Down 0.2 %

Shares of Manulife Financial stock traded down C$0.10 on Wednesday, reaching C$44.71. The company had a trading volume of 5,444,904 shares, compared to its average volume of 6,523,917. 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 Co. has a 1 year low of C$26.11 and a 1 year high of C$46.42. The firm has a market cap of C$79.14 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.01 and a beta of 1.06. The firm’s 50-day moving average price is C$41.91 and its two-hundred day moving average price is C$38.04.

Manulife Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Manulife Financial’s payout ratio is 68.09%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Cormark upped their price target on Manulife Financial from C$47.00 to C$48.00 in a research report on Thursday, November 21st. National Bankshares lifted their price objective on Manulife Financial from C$45.00 to C$47.00 in a report on Thursday, November 7th. Barclays raised their target price on Manulife Financial from C$39.00 to C$40.00 in a research note on Friday, November 22nd. Dbs Bank raised shares of Manulife Financial to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada upped their price objective on shares of Manulife Financial from C$38.00 to C$39.00 in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$43.45.

About Manulife Financial

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.