Manulife Financial Co. (MFC) Senior Officer Sells C$30,295.95 in Stock

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Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Steve Finch sold 1,407 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of C$21.53, for a total transaction of C$30,295.95. Following the completion of the sale, the insider now directly owns 6,214 shares in the company, valued at approximately C$133,801.71.

Shares of Manulife Financial stock opened at C$21.83 on Wednesday. The company has a market capitalization of $42.86 billion and a price-to-earnings ratio of 9.37. Manulife Financial Co. has a 52 week low of C$18.33 and a 52 week high of C$25.20. The company has a debt-to-equity ratio of 40.97, a quick ratio of 1.88 and a current ratio of 4.96.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 19th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, February 26th. This represents a $1.00 annualized dividend and a yield of 4.58%. Manulife Financial’s dividend payout ratio is currently 39.06%.

Several brokerages recently weighed in on MFC. TD Securities raised their target price on shares of Manulife Financial from C$29.00 to C$30.00 in a report on Thursday, November 8th. CIBC raised their target price on shares of Manulife Financial from C$25.00 to C$26.50 in a report on Sunday, November 4th. Evercore ISI reiterated an “in-line” rating and issued a C$26.00 price target on shares of Manulife Financial in a research note on Thursday, November 8th. National Bank Financial dropped their price target on shares of Manulife Financial from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Thursday, January 24th. Finally, Evercore set a C$26.00 price target on shares of Manulife Financial and gave the company an “in-line” rating in a research note on Thursday, November 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Manulife Financial has a consensus rating of “Buy” and an average target price of C$27.72.

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About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.

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

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