The stock of Manulife Financial Corporation (NYSE:MFC) last traded at $17.29, down -1.82% from the previous session.
Data from the available sources indicates that Manulife Financial Corporation (NYSE:MFC) is covered by 15 analysts. The consensus rating among analysts is ‘Hold’. MFC stock price is now 4.64% away from the 50-day moving average and -5.88% away from the 200-day moving average. The market capitalization of the company currently stands at $32.47B.
In total, 7 analysts have assigned it a hold rating, and 3 have given it a buy rating.
, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
A total of 0.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MFC stock. In total, there are 793 active investors with 53.70% ownership of the company’s stock.
With an opening price of $17.28 on Monday morning, Manulife Financial Corporation (NYSE: MFC) set off the trading day. During the past 12 months, Manulife Financial Corporation has had a low of $14.92 and a high of $22.19. The fifty day moving average price for MFC is $16.52 and a two-hundred day moving average price translates $18.37 for the stock.
The latest earnings results from Manulife Financial Corporation (NYSE: MFC) was released for Jun, 2022. According to the Insurance – Life Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.55 by 0.02. This compares to $0.64 EPS in the same period last year. The net profit margin was 33.70% and return on equity was 14.80% for MFC. The company reported revenue of $5.96 billion for the quarter, compared to $12.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -53.07 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/31/1997. Investors who held shares on 07/11/1997 were paid a $0.09 dividend. On an annualized basis, this represents a $0.98 dividend and a 5.64% percent yield. There was an ex-dividend date of 07/09/1997 for this dividend. In terms of dividend payout ratio, MFC is presently at 48.50%.
Manulife Financial Corporation(MFC) Company Profile
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses. Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.