In yesterday’s Wall Street session, Manulife Financial Corp. (NYSE:MFC) shares traded at $17.42, up 0.69% from the previous session.
As of this writing, 13 analysts cover Manulife Financial Corp. (NYSE:MFC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.66 and a low of $17.50, we find $21.04. Given the previous closing price of $17.30, this indicates a potential upside of 21.62 percent. MFC stock price is now -5.16% away from the 50-day moving average and -8.01% away from the 200-day moving average. The market capitalization of the company currently stands at $31.86B.
There are 7 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $20.97 as their price target over the next twelve months.
A total of 0.09% 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 50.76% ownership of the company’s stock.
Thursday morning saw Manulife Financial Corp. (NYSE: MFC) opened at $17.33. During the past 12 months, Manulife Financial Corp. has had a low of $15.94 and a high of $20.40. According to the stock market information, the enterprise value for the company is $30.51B, which is based on a 8.16 price-to-earnings ratio, a 2.87 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for MFC is $18.34 and a two-hundred day moving average price translates $18.93 for the stock.
The latest earnings results from Manulife Financial Corp. (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 $0.57 by 0.04. This compares to $0.42 EPS in the same period last year. The net profit margin was 13.17% and return on equity was 10.90% 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 $4.91B 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 6.25% 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 35.84%.
Manulife Financial Corp.(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 offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
