Analyst Ratings Changes
Recent analyst updates on Manulife Financial (MFC):
- TD Securities raised the price target from C$40 to C$41.
- Royal Bank of Canada increased it from C$38 to C$39.
- Jefferies Financial Group lowered theirs from C$43 to C$42.
- Barclays set a target of C$39 and rated it “equal weight.”
- Dbs Bank upgraded the stock to “strong-buy.”
Currently, one analyst rates it as a sell, three as hold, seven as buy, and one as strong buy. The average rating is “Moderate Buy,” with a target price of C$39.18.
Check Out Our Latest Stock Report on Manulife Financial
Manulife Financial Trading Up 2.2%
The stock has a 50-day moving average of C$37.08 and a 200-day average of C$35.48. Market cap is C$72.62 billion, with a P/E ratio of 17.46. Earnings for the last quarter were C$0.91 per share, exceeding estimates of C$0.88. Revenue was C$12.88 billion, above expectations of C$12.27 billion.
Dividend Announcement
Manulife announced a quarterly dividend of $0.40, paid on September 19. This annualizes to $1.60, yielding 3.90% with a payout ratio of 68.09%.
Insider Trading
Recently, Director Matthew Lyman Macinnis sold 6,708 shares at C$34.67. Director Tin Ku sold 2,166 shares for C$37.45. In total, insiders sold 68,821 shares in the last three months.
Company Profile
Manulife Financial provides financial services in the U.S., Canada, Asia, and globally, including wealth management and insurance products.
Further Reading
- Five stocks we like better than Manulife Financial
- How to Invest in the Best Canadian Stocks
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- Insider Buying Explained: What Investors Need to Know
- MarketBeat Week in Review 9/30 10/4
- How to Calculate Retirement Income: MarketBeats Calculator
- Top Streaming Companies: Whos Winning the Battle?
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