Brooks Tingle Sells 3,866 Shares of Manulife Financial Co. (TSE:MFC) Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Brooks Tingle sold 3,866 shares of Manulife Financial stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total transaction of C$178,102.75.

Manulife Financial Stock Performance

The firm has a market capitalization of C$80.23 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company has a quick ratio of 2.58, a current ratio of 36.68 and a debt-to-equity ratio of 49.60. The company’s 50 day moving average price is C$40.99 and its 200-day moving average price is C$37.53. Manulife Financial Co. has a 12 month low of C$26.01 and a 12 month high of C$46.42.

Manulife Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Wednesday, November 20th. Manulife Financial’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MFC shares. Scotiabank raised their price target on Manulife Financial from C$48.00 to C$49.00 in a research report on Friday, November 8th. Barclays set a C$39.00 target price on shares of Manulife Financial and gave the company an “equal weight” rating in a research report on Thursday, September 5th. TD Securities increased their price target on shares of Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. National Bankshares boosted their price objective on shares of Manulife Financial from C$45.00 to C$47.00 in a research report on Thursday, November 7th. Finally, Jefferies Financial Group raised their target price on Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Manulife Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.27.

Manulife Financial Company Profile

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.