Shares of Manulife Financial Corp. (NYSE:MFC) have received an average rating of “Buy” from the fourteen research firms that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.43.

Several research firms recently weighed in on MFC. Canaccord Genuity restated a “hold” rating on shares of Manulife Financial Corp. in a report on Monday, June 13th. Dundee Securities began coverage on shares of Manulife Financial Corp. in a report on Wednesday, September 21st. They issued a “buy” rating on the stock. TD Securities reiterated a “hold” rating and issued a $19.00 price objective on shares of Manulife Financial Corp. in a report on Wednesday, August 10th. Zacks Investment Research lowered shares of Manulife Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, CIBC lowered shares of Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, August 4th.

Several large investors have recently made changes to their positions in MFC. Scotia Capital Inc. increased its stake in shares of Manulife Financial Corp. by 14.7% in the first quarter. Scotia Capital Inc. now owns 6,646,041 shares of the company’s stock worth $93,931,000 after buying an additional 851,603 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Manulife Financial Corp. by 15.8% in the first quarter. 1832 Asset Management L.P. now owns 40,138,043 shares of the company’s stock worth $928,130,000 after buying an additional 5,472,614 shares in the last quarter. Carnick & Kubik LLC acquired a new stake in shares of Manulife Financial Corp. during the first quarter worth $102,000. Aviva PLC increased its stake in shares of Manulife Financial Corp. by 2.0% in the first quarter. Aviva PLC now owns 1,073,322 shares of the company’s stock worth $15,210,000 after buying an additional 20,579 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Manulife Financial Corp. by 27.5% in the first quarter. M&T Bank Corp now owns 70,695 shares of the company’s stock worth $999,000 after buying an additional 15,245 shares in the last quarter. 49.50% of the stock is owned by institutional investors and hedge funds.

Shares of Manulife Financial Corp. (NYSE:MFC) opened at 14.41 on Friday. The stock’s 50 day moving average is $13.86 and its 200 day moving average is $13.95. The firm has a market cap of $28.43 billion, a P/E ratio of 15.01 and a beta of 1.56. Manulife Financial Corp. has a 52 week low of $10.99 and a 52 week high of $17.17.

Manulife Financial Corp. (NYSE:MFC) last posted its earnings results on Thursday, August 4th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Manulife Financial Corp. had a net margin of 4.37% and a return on equity of 8.97%. During the same quarter last year, the business posted $0.44 EPS. On average, equities research analysts predict that Manulife Financial Corp. will post $1.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, August 16th were given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, August 12th. Manulife Financial Corp.’s dividend payout ratio is presently 61.96%.

Manulife Financial Corp. Company Profile

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

5 Day Chart for NYSE:MFC

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