Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Equities research analysts at National Bank Financial cut their Q3 2018 EPS estimates for Manulife Financial in a research report issued to clients and investors on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $0.51 per share for the quarter, down from their prior estimate of $0.54. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Manulife Financial’s FY2019 earnings at $2.24 EPS.

MFC has been the subject of several other research reports. Zacks Investment Research upgraded Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, January 2nd. Scotiabank restated a “buy” rating and issued a $31.00 target price on shares of Manulife Financial in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.67.

Shares of Manulife Financial (NYSE MFC) traded down $0.17 on Monday, reaching $19.43. The company had a trading volume of 205,404 shares, compared to its average volume of 2,947,859. Manulife Financial has a 52 week low of $16.62 and a 52 week high of $22.16. The stock has a market cap of $39,073.77, a price-to-earnings ratio of 26.49, a P/E/G ratio of 1.00 and a beta of 1.28.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Wednesday, February 21st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.70 annualized dividend and a yield of 3.60%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.16. Manulife Financial’s dividend payout ratio (DPR) is currently 86.49%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MANA Advisors LLC bought a new position in Manulife Financial in the 4th quarter worth about $534,000. Scotia Capital Inc. boosted its position in shares of Manulife Financial by 8.2% during the 4th quarter. Scotia Capital Inc. now owns 10,066,893 shares of the financial services provider’s stock valued at $209,988,000 after acquiring an additional 764,012 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Manulife Financial during the 4th quarter valued at about $17,804,000. AXA boosted its position in shares of Manulife Financial by 6.9% during the 4th quarter. AXA now owns 211,879 shares of the financial services provider’s stock valued at $4,420,000 after acquiring an additional 13,715 shares during the last quarter. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Manulife Financial during the 4th quarter valued at about $374,000. Institutional investors and hedge funds own 46.28% of the company’s stock.

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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 (NYSE:MFC)

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