Shares of Manulife Financial Co. (NYSE:MFC – Get Free Report) (TSE:MFC) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.67.
MFC has been the topic of a number of analyst reports. National Bank Financial upgraded shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 9th. TD Securities lifted their price target on shares of Manulife Financial from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Dbs Bank upgraded shares of Manulife Financial to a “strong-buy” rating in a report on Thursday, August 8th.
Get Our Latest Stock Analysis on Manulife Financial
Hedge Funds Weigh In On Manulife Financial
Manulife Financial Trading Up 1.6 %
Shares of Manulife Financial stock opened at $25.87 on Friday. Manulife Financial has a twelve month low of $17.07 and a twelve month high of $27.51. The stock has a market cap of $46.30 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09. The company has a fifty day moving average price of $25.97 and a 200 day moving average price of $24.83.
Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.27. The business had revenue of $9.41 billion during the quarter, compared to analyst estimates of $8.95 billion. Manulife Financial had a return on equity of 16.27% and a net margin of 9.28%. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Manulife Financial will post 2.72 earnings per share for the current year.
Manulife Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, August 21st will be paid a $0.29 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.48%. Manulife Financial’s dividend payout ratio (DPR) is presently 66.86%.
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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