Manulife Financial (MFC) Given News Impact Rating of 0.19

Headlines about Manulife Financial (NYSE:MFC) (TSE:MFC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manulife Financial earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.8921374605576 out of 100, meaning that recent media 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’s scoring:

MFC stock opened at $18.61 on Friday. The stock has a market cap of $36,666.09, a P/E ratio of 10.75, a P/E/G ratio of 0.94 and a beta of 1.34. Manulife Financial has a 52 week low of $16.62 and a 52 week high of $22.16.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $12.79 billion for the quarter. Manulife Financial had a return on equity of 11.49% and a net margin of 3.50%. analysts forecast that Manulife Financial will post 2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.175 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.70 dividend on an annualized basis and a yield of 3.76%. This is a boost from Manulife Financial’s previous quarterly dividend of $0.16. Manulife Financial’s payout ratio is presently 40.94%.

Several brokerages have recently weighed in on MFC. Morgan Stanley lowered their target price on shares of Manulife Financial from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday. Zacks Investment Research downgraded shares of Manulife Financial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine raised shares of Manulife Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Scotiabank reissued a “buy” rating and set a $31.00 price objective on shares of Manulife Financial in a report on Wednesday, January 31st. Finally, National Bank Financial raised shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.67.

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About Manulife Financial

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.

Insider Buying and Selling by Quarter for Manulife Financial (NYSE:MFC)

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