Manulife Financial Co. (TSE:MFC – Get Free Report) (NYSE:MFC) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$36.30.
Several equities analysts have weighed in on MFC shares. BMO Capital Markets raised their price target on Manulife Financial from C$35.00 to C$40.00 in a research report on Monday, April 8th. Scotiabank raised their price target on Manulife Financial from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. National Bankshares raised their price target on Manulife Financial from C$29.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. CIBC raised their price target on Manulife Financial from C$30.00 to C$34.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada raised their price target on Manulife Financial from C$34.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th.
View Our Latest Research Report on MFC
Insider Activity
Manulife Financial Stock Performance
Shares of MFC stock opened at C$31.44 on Monday. The stock has a fifty day moving average price of C$32.50 and a 200 day moving average price of C$28.96. The stock has a market cap of C$56.91 billion, a PE ratio of 12.05, a P/E/G ratio of 12.56 and a beta of 1.09. Manulife Financial has a 1 year low of C$23.69 and a 1 year high of C$34.05. The company has a debt-to-equity ratio of 45.69, a quick ratio of 2.58 and a current ratio of 3.79.
Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported C$0.92 earnings per share for the quarter, topping the consensus estimate of C$0.84 by C$0.08. The company had revenue of C$14.92 billion during the quarter, compared to the consensus estimate of C$10.24 billion. Manulife Financial had a return on equity of 11.57% and a net margin of 20.05%. Sell-side analysts forecast that Manulife Financial will post 3.6893764 earnings per share for the current fiscal year.
Manulife Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.09%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.37. Manulife Financial’s payout ratio is currently 61.30%.
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.
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