Manulife Financial Co. (TSE:MFC - Get Free Report) (NYSE:MFC) insider Patrick David Graham sold 6,843 shares of Manulife Financial stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$62.06, for a total value of C$424,676.58.
Manulife Financial Stock Down 0.5%
Shares of TSE MFC opened at C$61.40 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 2.58 and a debt-to-equity ratio of 26.52. The business has a 50-day moving average of C$59.37 and a 200-day moving average of C$53.71. The firm has a market capitalization of C$101.88 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.01 and a beta of 0.71. Manulife Financial Co. has a 12 month low of C$41.22 and a 12 month high of C$63.58.
Manulife Financial (TSE:MFC - Get Free Report) (NYSE:MFC) last announced its earnings results on Wednesday, August 5th. The financial services provider reported C$1.09 earnings per share for the quarter. Manulife Financial had a net margin of 11.62% and a return on equity of 12.98%. The business had revenue of C$20.34 billion for the quarter. Sell-side analysts expect that Manulife Financial Co. will post 3.6104452 earnings per share for the current fiscal year.
Manulife Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 21st will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.2%. Manulife Financial's dividend payout ratio is presently 50.14%.
Analyst Ratings Changes
Several brokerages recently issued reports on MFC. Scotiabank upped their target price on shares of Manulife Financial from C$56.00 to C$61.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce raised their price target on Manulife Financial from C$61.00 to C$69.00 in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on Manulife Financial from C$55.00 to C$67.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. National Bank Financial raised their price objective on Manulife Financial from C$59.00 to C$69.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group boosted their target price on Manulife Financial from C$61.00 to C$70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Manulife Financial presently has an average rating of "Buy" and an average target price of C$66.00.
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Manulife Financial Company Profile
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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.
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