Analyst Ratings for Manulife Financial (MFC)
Recent reports on Manulife Financial (MFC) include:
- Barclays: Target price C$39.00, “equal weight” rating.
- Jefferies: Target price decreased from C$43.00 to C$42.00.
- Scotiabank: Target price raised from C$40.00 to C$41.00.
- Dbs Bank: Upgraded to “strong-buy”.
- National Bank: Target price raised from C$38.00 to C$43.00, “outperform” rating.
Current ratings: 1 sell, 3 hold, 7 buy, and 1 strong buy. Average rating is “Moderate Buy” with a target price of C$39.18.
Latest Analysis on Manulife Financial
Stock Performance
Manulife Financial’s recent stock trends show a 2.1% increase. Key metrics include:
- 50-day moving average: C$36.98
- 200-day moving average: C$35.41
- Market cap: C$72.59 billion
- PE ratio: 17.09
- Return on equity: 10.41%
Most recent earnings: C$0.91 per share, exceeding estimates of C$0.88.
Dividend Announcement
Manulife declared a quarterly dividend of $0.40 per share. The annualized dividend is $1.60, yielding 3.90%. Payout ratio is 68.09%.
Insider Activity
Senior Officer Steve Finch sold 11,599 shares at C$35.73 each on August 15. Total transactions in the last 90 days amounted to 68,821 shares worth C$2,455,596.
Company Overview
Manulife Financial Corporation provides financial products and services globally, focusing on Wealth & Asset Management and Insurance & Annuity Products.
Further Reading
- Five stocks we like better than Manulife Financial
- Momentum vs Long Term Investing
- Interest Rate Outlook 2024
- Retail Stocks Explained
- High-Risk Micro-Cap Stocks
- Volatile Stocks Overview
- Bargain Stocks After 2024 Rally
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