Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Research analysts at Cormark lowered their Q1 2018 earnings per share estimates for shares of Manulife Financial in a research note issued to investors on Friday. Cormark analyst M. Grauman now anticipates that the financial services provider will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.67. Cormark also issued estimates for Manulife Financial’s Q2 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.70 EPS, Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.73 EPS and Q4 2019 earnings at $0.74 EPS.

Several other equities research analysts also recently weighed in on MFC. CSFB upped their price objective on shares of Manulife Financial from C$28.00 to C$31.00 in a report on Wednesday, November 1st. Barclays upped their price objective on shares of Manulife Financial from C$29.00 to C$30.00 in a report on Monday, November 13th. Desjardins upped their price objective on shares of Manulife Financial from C$28.00 to C$30.00 in a report on Monday, November 13th. TD Securities upped their price objective on shares of Manulife Financial from C$28.00 to C$30.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Finally, Scotiabank reduced their price objective on shares of Manulife Financial from C$31.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$30.25.

Manulife Financial (TSE:MFC) opened at C$24.83 on Monday. Manulife Financial has a 1-year low of C$22.39 and a 1-year high of C$27.77. The stock has a market cap of $49,210.00, a price-to-earnings ratio of 25.34 and a beta of 0.92.

In other Manulife Financial news, Director Rocco Gori purchased 60,694 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost 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 business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$21.09, for a total transaction of C$94,905.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Wednesday, February 21st will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from Manulife Financial’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.54%. Manulife Financial’s payout ratio is 83.67%.

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Manulife Financial Company Profile

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.

Earnings History and Estimates for Manulife Financial (TSE:MFC)

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