TSE:MFC Q2 EPS Forecast Lowered by National Bank Financial

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Equities research analysts at National Bank Financial cut their Q2 2025 earnings estimates for shares of Manulife Financial in a note issued to investors on Thursday, July 10th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $0.97 per share for the quarter, down from their previous forecast of $0.98. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share. National Bank Financial also issued estimates for Manulife Financial’s Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $4.06 EPS and FY2026 earnings at $4.51 EPS.

Several other research firms have also recently commented on MFC. Barclays dropped their target price on shares of Manulife Financial from C$49.00 to C$45.00 in a research report on Friday, April 11th. National Bankshares decreased their price target on Manulife Financial from C$49.00 to C$48.00 in a research report on Friday, July 11th. Jefferies Financial Group dropped their price target on Manulife Financial from C$51.00 to C$46.00 in a report on Monday, April 21st. CIBC reduced their price objective on Manulife Financial from C$48.00 to C$46.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada set a C$51.00 target price on Manulife Financial and gave the company an “outperform” rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.88.

Manulife Financial Price Performance

MFC opened at C$41.49 on Monday. Manulife Financial has a fifty-two week low of C$32.87 and a fifty-two week high of C$46.42. The firm has a market capitalization of C$72.77 billion, a P/E ratio of 12.91, a PEG ratio of 1.01 and a beta of 1.06. The company’s 50-day moving average is C$43.21 and its 200 day moving average is C$42.90.

Manulife Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 19th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Wednesday, May 21st. Manulife Financial’s dividend payout ratio is currently 49.79%.

Insider Transactions at Manulife Financial

In other news, Director Philip James Witherington sold 10,866 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$44.22, for a total transaction of C$480,488.00. Also, Senior Officer Trevor Kreel sold 3,636 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$44.22, for a total value of C$160,781.74. Over the last 90 days, insiders sold 62,070 shares of company stock valued at $2,744,604. 0.03% of the stock is currently owned by insiders.

About Manulife Financial

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.