A number of firms have modified their ratings and price targets on shares of Manulife Financial (TSE: MFC) recently:

  • 8/9/2019 – Manulife Financial had its price target lowered by analysts at National Bank Financial from C$27.00 to C$26.00. They now have an “outperform” rating on the stock.
  • 8/9/2019 – Manulife Financial had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a C$30.00 price target on the stock.
  • 8/9/2019 – Manulife Financial had its price target raised by analysts at Cormark from C$30.00 to C$31.00.
  • 8/8/2019 – Manulife Financial had its price target lowered by analysts at Evercore ISI from C$24.50 to C$24.00.
  • 8/8/2019 – Manulife Financial had its price target lowered by analysts at Evercore Inc from C$24.50 to C$24.00.

Shares of TSE MFC traded down C$0.11 during midday trading on Thursday, reaching C$22.12. 1,010,473 shares of the company’s stock traded hands, compared to its average volume of 4,907,973. The company has a quick ratio of 1.88, a current ratio of 4.96 and a debt-to-equity ratio of 42.05. The stock’s 50 day simple moving average is C$23.41 and its 200-day simple moving average is C$23.21. Manulife Financial Co. has a one year low of C$18.33 and a one year high of C$25.18. The company has a market cap of $42.75 billion and a price-to-earnings ratio of 7.75.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Tuesday, August 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 4.52%. Manulife Financial’s dividend payout ratio (DPR) is 33.96%.

In other Manulife Financial news, Senior Officer Steve Finch sold 14,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$21.98, for a total value of C$313,357.45. Following the completion of the transaction, the insider now owns 6,214 shares of the company’s stock, valued at C$136,578.75. Also, Director Brian Collins sold 1,962 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$21.98, for a total transaction of C$43,123.19.

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.

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