Key Points
- Director Aimee Decamillo sold 18,000 shares of Manulife Financial at C$51.77 each, totaling about C$931,860 and reducing her stake by 78.27% to 4,996 shares.
- Manulife Financial recently reported C$1.06 EPS on revenue of C$2.15 billion for the quarter, with analysts expecting full-year EPS of about 3.61.
- The company maintains a 3.6% dividend yield, and analysts remain generally positive with a consensus Buy rating and average target price of C$57.00.
Manulife Financial Co. (TSE:MFC - Get Free Report) (NYSE:MFC) Director Aimee Decamillo sold 18,000 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of C$51.77, for a total transaction of C$931,860.00. Following the completion of the sale, the director directly owned 4,996 shares of the company's stock, valued at approximately C$258,642.92. This trade represents a 78.27% decrease in their ownership of the stock.
Manulife Financial Stock Performance
Shares of Manulife Financial stock opened at C$53.26 on Friday. The company has a market capitalization of C$88.89 billion, a PE ratio of 17.35, a P/E/G ratio of 1.01 and a beta of 0.74. The company has a 50-day simple moving average of C$50.76 and a two-hundred day simple moving average of C$49.92. Manulife Financial Co. has a one year low of C$41.08 and a one year high of C$55.34.
Manulife Financial (TSE:MFC - Get Free Report) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, May 13th. The financial services provider reported C$1.06 earnings per share (EPS) for the quarter. Manulife Financial had a net margin of 11.97% and a return on equity of 12.65%. The firm had revenue of C$2.15 billion for the quarter. On average, equities analysts predict that Manulife Financial Co. will post 3.6104452 earnings per share for the current fiscal year.
Manulife Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, February 25th. Manulife Financial's dividend payout ratio is 57.33%.
Analyst Ratings Changes
Several equities research analysts have commented on MFC shares. Royal Bank Of Canada upped their price objective on Manulife Financial from C$52.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. TD Securities lowered their price objective on Manulife Financial from C$60.00 to C$59.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. National Bank Financial upped their price objective on Manulife Financial from C$56.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Thursday, May 14th. Scotiabank upped their price objective on Manulife Financial from C$55.00 to C$56.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Finally, TD lowered their price objective on Manulife Financial from C$59.00 to C$58.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$57.00.
Read Our Latest Research Report on MFC
Manulife Financial Company Profile
(
Get Free Report)
Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.
Further Reading
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