News articles about Manulife Financial (NYSE:MFC) (TSE:MFC) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manulife Financial earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.8921374605576 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- These Two Stocks in Motion: Cousins Properties Incorporated (NYSE:CUZ), Manulife Financial Corporation (NYSE:MFC) – The Oracle Examiner (oracleexaminer.com)
- Trending Hot Stock’s Analysis – Manulife Financial Corporation (NYSE: MFC) – Stocks Market Cap (stocksmarketcap.com)
- Manulife Financial Corporation (MFC) projected to achieve -13.50% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- John Hancock and Spotify Give Runners Everywhere Access to Custom Playlists and Tips from Some of the World’s Fastest Marathoners (finance.yahoo.com)
- Manulife Financial Corporation (MFC) to touch earnings growth of -13.50% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Manulife Financial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. National Bank Financial upgraded Manulife Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 24th. ValuEngine upgraded Manulife Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley reduced their price target on Manulife Financial from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Finally, Scotiabank reiterated a “buy” rating and set a $31.00 price target on shares of Manulife Financial in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.00.
Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). Manulife Financial had a return on equity of 11.49% and a net margin of 3.50%. The company had revenue of $12.79 billion during the quarter. sell-side analysts predict that Manulife Financial will post 2.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Wednesday, February 21st will be issued a $0.175 dividend. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.16. This represents a $0.70 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 20th. Manulife Financial’s payout ratio is 74.47%.
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Manulife Financial Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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