Manulife Financial (TSE:MFC) Insider Patrick David Graham Sells 6,843 Shares of Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) insider Patrick David Graham sold 6,843 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$62.06, for a total value of C$424,676.58.

Manulife Financial Stock Down 0.5%

Shares of TSE MFC opened at C$61.40 on Tuesday. Manulife Financial Co. has a one year low of C$41.22 and a one year high of C$63.58. The company has a debt-to-equity ratio of 26.52, a current ratio of 2.36 and a quick ratio of 2.58. The business’s fifty day moving average price is C$59.37 and its 200-day moving average price is C$53.71. The stock has a market capitalization of C$101.88 billion, a PE ratio of 16.64, a P/E/G ratio of 1.01 and a beta of 0.71.

Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$1.09 earnings per share for the quarter. Manulife Financial had a return on equity of 12.98% and a net margin of 11.62%.The company had revenue of C$20.34 billion during the quarter. On average, equities research analysts anticipate that Manulife Financial Co. will post 3.6104452 EPS for the current year.

Manulife Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 21st will be paid a $0.485 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.94 annualized dividend and a dividend yield of 3.2%. Manulife Financial’s dividend payout ratio (DPR) is presently 50.14%.

Analysts Set New Price Targets

A number of brokerages recently commented on MFC. BMO Capital Markets upped their price target on shares of Manulife Financial from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Jefferies Financial Group boosted their target price on shares of Manulife Financial from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce increased their target price on Manulife Financial from C$61.00 to C$69.00 in a research report on Wednesday, July 15th. Scotia raised their price target on Manulife Financial from C$61.00 to C$67.00 and gave the stock a “sector outperform” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their price target on Manulife Financial from C$55.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Manulife Financial presently has an average rating of “Buy” and an average target price of C$66.00.

Manulife Financial Company Profile

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.