Manulife Financial Corp. (NYSE:MFC) released its quarterly earnings data on Thursday. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.15. Manulife Financial Corp. had a net margin of 4.37% and a return on equity of 8.97%. During the same period in the prior year, the company earned $0.43 EPS.

Shares of Manulife Financial Corp. (NYSE:MFC) opened at 15.03 on Thursday. The company has a market cap of $29.65 billion, a PE ratio of 15.99 and a beta of 1.51. Manulife Financial Corp. has a 52-week low of $10.99 and a 52-week high of $16.95. The company’s 50-day moving average is $14.40 and its 200 day moving average is $14.02.

Earnings History for Manulife Financial Corp. (NYSE:MFC)

Several equities analysts have commented on MFC shares. Bank of America Corp. started coverage on shares of Manulife Financial Corp. in a report on Wednesday, August 24th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Manulife Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Scotiabank reiterated an “outperform” rating and issued a $19.00 price objective (down from $20.00) on shares of Manulife Financial Corp. in a report on Wednesday, August 10th. Dundee Securities started coverage on shares of Manulife Financial Corp. in a report on Wednesday, September 21st. They issued a “buy” rating on the stock. Finally, CIBC downgraded shares of Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.86.

A number of hedge funds and other institutional investors have recently bought and sold shares of MFC. Sei Investments Co. raised its position in Manulife Financial Corp. by 6.4% in the second quarter. Sei Investments Co. now owns 10,532 shares of the company’s stock worth $144,000 after buying an additional 632 shares during the last quarter. Advisor Group Inc. bought a new position in Manulife Financial Corp. during the second quarter worth $201,000. Gideon Capital Advisors Inc. bought a new position in Manulife Financial Corp. during the second quarter worth $229,000. Wetherby Asset Management Inc. raised its position in Manulife Financial Corp. by 5.1% in the second quarter. Wetherby Asset Management Inc. now owns 16,865 shares of the company’s stock worth $231,000 after buying an additional 811 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Manulife Financial Corp. by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 18,905 shares of the company’s stock worth $258,000 after buying an additional 426 shares during the last quarter. 49.14% of the stock is owned by institutional investors and hedge funds.

About Manulife Financial Corp.

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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