Manulife Financial Corp. (NYSE:MFC)‘s stock had its “buy” rating restated by analysts at BMO Capital Markets in a note issued to investors on Friday.

A number of other equities research analysts have also recently commented on MFC. Scotiabank reissued an “outperform” rating and issued a $22.00 target price (up from $19.00) on shares of Manulife Financial Corp. in a research note on Tuesday, November 8th. TD Securities reissued a “hold” rating and issued a $19.00 target price on shares of Manulife Financial Corp. in a research note on Wednesday, August 10th. Macquarie cut Manulife Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 4th. Zacks Investment Research cut Manulife Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, CIBC cut Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.38.

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

Shares of Manulife Financial Corp. (NYSE:MFC) opened at 17.08 on Friday. The company has a 50-day moving average price of $14.52 and a 200 day moving average price of $14.05. The stock has a market cap of $35.09 billion, a price-to-earnings ratio of 14.97 and a beta of 1.51. Manulife Financial Corp. has a one year low of $10.99 and a one year high of $17.11.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Tuesday, November 22nd will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, November 18th. Manulife Financial Corp.’s dividend payout ratio is 50.89%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MFC. Lincluden Management Ltd. increased its position in Manulife Financial Corp. by 13.6% in the second quarter. Lincluden Management Ltd. now owns 1,960,695 shares of the company’s stock worth $26,807,000 after buying an additional 234,380 shares in the last quarter. Beutel Goodman & Co Ltd. increased its position in Manulife Financial Corp. by 4.3% in the second quarter. Beutel Goodman & Co Ltd. now owns 23,510,547 shares of the company’s stock worth $319,342,000 after buying an additional 960,850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Manulife Financial Corp. by 1.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064,677 shares of the company’s stock worth $41,698,000 after buying an additional 36,693 shares in the last quarter. Legal & General Group Plc increased its position in Manulife Financial Corp. by 3.3% in the first quarter. Legal & General Group Plc now owns 8,430,062 shares of the company’s stock worth $119,789,000 after buying an additional 269,306 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Manulife Financial Corp. by 35.3% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,646,900 shares of the company’s stock worth $46,771,000 after buying an additional 690,600 shares in the last quarter. 48.77% of the stock is currently owned by institutional investors.

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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