Manulife Financial Corp. (NYSE:MFC)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group AG in a note issued to investors on Monday.

Several other analysts have also recently weighed in on the stock. RBC Capital Markets reiterated an “outperform” rating and issued a $26.00 price target (up previously from $21.00) on shares of Manulife Financial Corp. in a report on Friday. BMO Capital Markets reiterated a “buy” rating on shares of Manulife Financial Corp. in a report on Friday. Scotiabank reiterated an “outperform” rating and issued a $22.00 price target (up previously from $19.00) on shares of Manulife Financial Corp. in a report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Manulife Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, 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. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Manulife Financial Corp. presently has an average rating of “Buy” and a consensus price target of $22.38.

Analyst Recommendations for Manulife Financial Corp. (NYSE:MFC)

Manulife Financial Corp. (NYSE:MFC) opened at 16.56 on Monday. The company has a market cap of $32.67 billion, a price-to-earnings ratio of 17.60 and a beta of 1.51. The company’s 50-day moving average is $14.52 and its 200 day moving average is $14.05. Manulife Financial Corp. has a 52-week low of $10.99 and a 52-week high of $16.95.

Manulife Financial Corp. (NYSE:MFC) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.15. Manulife Financial Corp. had a net margin of 4.63% and a return on equity of 9.05%. During the same period in the previous year, the company earned $0.43 EPS. Equities analysts forecast that Manulife Financial Corp. will post $1.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Tuesday, November 22nd will be given a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, November 18th. Manulife Financial Corp.’s dividend payout ratio is presently 50.89%.

Several institutional investors have recently bought and sold shares of MFC. Caisse DE Depot ET Placement DU Quebec raised its position in Manulife Financial Corp. by 0.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,940,842 shares of the company’s stock valued at $774,732,000 after buying an additional 174,285 shares in the last quarter. I.G. Investment Management LTD. raised its position in Manulife Financial Corp. by 3.3% in the second quarter. I.G. Investment Management LTD. now owns 52,492,067 shares of the company’s stock valued at $718,005,000 after buying an additional 1,688,169 shares in the last quarter. 1832 Asset Management L.P. raised its position in Manulife Financial Corp. by 2.3% in the second quarter. 1832 Asset Management L.P. now owns 41,066,431 shares of the company’s stock valued at $905,870,000 after buying an additional 928,388 shares in the last quarter. Vanguard Group Inc. raised its position in Manulife Financial Corp. by 12.1% in the second quarter. Vanguard Group Inc. now owns 37,453,287 shares of the company’s stock valued at $511,986,000 after buying an additional 4,055,711 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Manulife Financial Corp. by 4.4% in the third quarter. CIBC Asset Management Inc now owns 31,590,522 shares of the company’s stock valued at $446,489,000 after buying an additional 1,326,595 shares in the last quarter. 48.77% of the stock is owned by hedge funds and other institutional investors.

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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