Manulife Financial (NYSE:MFC) (TSE:MFC)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays in a research note issued on Thursday.

Several other equities analysts have also commented on MFC. Zacks Investment Research raised Manulife Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Monday, November 19th. TheStreet raised Manulife Financial from a “c+” rating to a “b-” rating in a research report on Friday, November 30th. ValuEngine raised Manulife Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Canaccord Genuity reaffirmed a “buy” rating on shares of Manulife Financial in a research report on Friday, November 9th. Finally, Scotiabank reaffirmed an “average” rating and issued a $28.00 price target on shares of Manulife Financial in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Manulife Financial has an average rating of “Buy” and an average price target of $24.33.

MFC stock traded down $0.01 on Thursday, reaching $15.54. The company’s stock had a trading volume of 1,858,263 shares, compared to its average volume of 2,111,870. Manulife Financial has a 12-month low of $13.33 and a 12-month high of $22.16. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.71 and a beta of 1.32.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.50 by $0.25. The business had revenue of $6.15 billion during the quarter. Manulife Financial had a return on equity of 13.70% and a net margin of 5.49%. During the same period in the prior year, the business posted $0.53 EPS. As a group, research analysts predict that Manulife Financial will post 2.08 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its position in shares of Manulife Financial by 0.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 169,074 shares of the financial services provider’s stock worth $3,024,000 after purchasing an additional 1,043 shares during the last quarter. Private Advisor Group LLC increased its holdings in Manulife Financial by 12.8% in the 3rd quarter. Private Advisor Group LLC now owns 28,656 shares of the financial services provider’s stock worth $512,000 after buying an additional 3,257 shares in the last quarter. Daiwa SB Investments Ltd. increased its holdings in Manulife Financial by 1.4% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 239,660 shares of the financial services provider’s stock worth $4,285,000 after buying an additional 3,330 shares in the last quarter. CLARET ASSET MANAGEMENT Corp increased its holdings in Manulife Financial by 3.4% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 112,409 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 3,709 shares in the last quarter. Finally, Barry Investment Advisors LLC increased its holdings in Manulife Financial by 1.9% in the 3rd quarter. Barry Investment Advisors LLC now owns 222,186 shares of the financial services provider’s stock worth $3,973,000 after buying an additional 4,038 shares in the last quarter. 46.39% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Manulife Financial (NYSE:MFC)

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