Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Research analysts at Cormark dropped their Q4 2018 earnings per share (EPS) estimates for Manulife Financial in a report issued on Friday, November 9th. Cormark analyst M. Grauman now anticipates that the financial services provider will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.52.

Manulife Financial (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.25. Manulife Financial had a net margin of 5.49% and a return on equity of 13.70%. The business had revenue of $6.15 billion during the quarter. During the same period in the previous year, the business posted $0.53 EPS.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Manulife Financial in a report on Tuesday. Scotiabank reaffirmed an “average” rating and set a $28.00 price objective on shares of Manulife Financial in a report on Tuesday. TD Securities reaffirmed a “buy” rating on shares of Manulife Financial in a report on Thursday, November 8th. ValuEngine raised shares of Manulife Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Manulife Financial in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.

MFC opened at $16.87 on Monday. The firm has a market cap of $33.54 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.82 and a beta of 1.31. Manulife Financial has a 1 year low of $14.99 and a 1 year high of $22.16.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Manulife Financial during the 3rd quarter worth $121,000. Cerebellum GP LLC bought a new stake in shares of Manulife Financial during the 3rd quarter worth $149,000. MUFG Americas Holdings Corp raised its stake in shares of Manulife Financial by 61.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 8,343 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 3,160 shares during the period. Truvestments Capital LLC bought a new stake in shares of Manulife Financial during the 3rd quarter worth $149,000. Finally, ProVise Management Group LLC bought a new stake in shares of Manulife Financial during the 2nd quarter worth $191,000. 45.67% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.51%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 19th. Manulife Financial’s payout ratio is currently 39.77%.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.

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Earnings History and Estimates for Manulife Financial (NYSE:MFC)

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