Manulife Financial Co. (TSE:MFC) (NYSE:MFC) insider Warren A. Thomson sold 11,300 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$26.71, for a total value of C$301,823.00.
Manulife Financial Co. (MFC) opened at C$26.76 on Friday. Manulife Financial Co. has a 12-month low of C$22.39 and a 12-month high of C$27.50.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 21st will be given a dividend of $0.205 per share. The ex-dividend date is Monday, November 20th. This represents a $0.82 dividend on an annualized basis and a yield of 3.06%. Manulife Financial’s dividend payout ratio is currently 43.96%.
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MFC has been the subject of a number of recent analyst reports. National Bank Financial raised their price objective on Manulife Financial from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. Royal Bank Of Canada raised their price objective on Manulife Financial from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. BMO Capital Markets restated an “outperform” rating and set a C$30.00 price objective on shares of Manulife Financial in a research note on Wednesday, October 11th. CSFB lifted their target price on Manulife Financial from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. Finally, Scotiabank lifted their target price on Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$28.83.
About Manulife Financial
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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