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%.
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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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