Manulife Financial (TSE:MFC) (NYSE:MFC) had its price target increased by Barclays from C$30.00 to C$31.00 in a research report sent to investors on Thursday.

Several other analysts also recently issued reports on MFC. TD Securities lifted their target price on Manulife Financial from C$28.00 to C$30.00 and gave the company a hold rating in a research note on Tuesday, January 9th. Scotiabank lifted their target price on Manulife Financial from C$31.00 to C$32.00 and gave the company an outperform rating in a research note on Friday, November 10th. Desjardins lifted their target price on Manulife Financial from C$28.00 to C$30.00 in a research note on Monday, November 13th. BMO Capital Markets reissued an outperform rating and set a C$31.00 target price on shares of Manulife Financial in a research note on Friday, November 10th. Finally, National Bank Financial lifted their target price on Manulife Financial from C$27.00 to C$29.00 and gave the company a sector perform rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average target price of C$30.00.

Shares of Manulife Financial (TSE MFC) opened at C$27.21 on Thursday. The stock has a market capitalization of $53,920.00, a P/E ratio of 14.95 and a beta of 0.99. Manulife Financial has a 12 month low of C$22.39 and a 12 month high of C$27.53.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 3.01%. The ex-dividend date was Monday, November 20th. Manulife Financial’s dividend payout ratio is presently 43.96%.

In other news, Director Rocco Gori purchased 60,694 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of C$26.70 per share, for a total transaction of C$1,620,529.80. Also, Director P. Thomas Jenkins sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$21.09, for a total value of C$94,905.00.

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About Manulife Financial

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Analyst Recommendations for Manulife Financial (TSE:MFC)

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