The stock of Manulife Financial Corporation (NYSE:MFC) last traded at $17.57, down -1.84% 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 ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.62 and a low of $17.91, we find $21.14. Given the previous closing price of $17.90, this indicates a potential upside of 18.1 percent. MFC stock price is now -7.80% away from the 50-day moving average and -6.36% away from the 200-day moving average. The market capitalization of the company currently stands at $33.16B.
In total, 8 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $21.62 as their price target over the next twelve months.
A total of 0.03% 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 856 active investors with 53.70% ownership of the company’s stock.
With an opening price of $17.65 on Tuesday 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 $20.40. According to the stock market information, the enterprise value for the company is $31.57B, which is based on a 8.31 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for MFC is $19.02 and a two-hundred day moving average price translates $18.77 for the stock.
The latest earnings results from Manulife Financial Corporation (NYSE: MFC) was released for Jun, 2023. According to the Insurance – Life Company, earnings per share came in at $0.61, beating analysts’ expectations of $0.58 by 0.03. This compares to $0.42 EPS in the same period last year. The net profit margin was 14.00% and return on equity was 12.80% for MFC. The company reported revenue of $8.84 billion for the quarter, compared to $-1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -570.32 percent. For the current quarter, analysts expect MFC to generate $1.39B in revenue.
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 $1.09 dividend and a 6.19% 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 67.30%.
