Analyst Upgrades and Downgrades
Recently, several firms updated their ratings on Manulife Financial (MFC). Barclays set a target price of C$39.00 with an “equal weight” rating. Jefferies reduced their target to C$42.00, while Scotiabank increased theirs to C$41.00. Dbs Bank rated it as a “strong buy,” and National Bankshares raised their target from C$38.00 to C$43.00 with an “outperform” rating. Overall, one analyst rates it a sell, three a hold, seven a buy, and one a strong buy, giving an average rating of “Moderate Buy” and a target of C$39.18.
Manulife Financial Trading Up 2.1%
Manulife has a market cap of C$72.59 billion, with a PE ratio of 17.09. They reported a C$0.91 earnings per share, exceeding estimates. Future earnings per share for the year are projected to be around 4.00.
Manulife Financial Announces Dividend
The company recently paid a quarterly dividend of $0.40 on September 19th, which gives an annual yield of 3.90% and a payout ratio of 68.09%.
Insider Transactions at Manulife Financial
Senior Officer Steve Finch sold 11,599 shares on August 15th, totaling C$414,439. Another director sold 6,708 shares on August 13th. In the last 90 days, insiders sold 68,821 shares valued at $2,455,596.
Manulife Financial Company Profile
Manulife Financial Corp offers financial services worldwide, including wealth management, insurance, and annuities.
Further Reading
- Five stocks we like better than Manulife Financial
- Differences Between Momentum and Long-Term Investing
- Outlook for Interest Rate Cuts
- Retail Stocks Investing Explained
- 3 High-Risk, High-Reward Micro-Cap Stocks
- Most Volatile Stocks: What Investors Need to Know
- 3 Bargain Stocks for Gains After Missing 2024’s Rally
Receive News & Ratings for Manulife Financial Daily – Enter your email to get the latest news and ratings with MarketBeat.com’s FREE daily newsletter.
`
