Manulife Financial Co. (TSE:MFC) Director Brooks Tingle Sells 3,866 Shares

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Brooks Tingle sold 3,866 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$46.07, for a total value of C$178,102.75.

Manulife Financial Stock Down 1.4 %

MFC stock traded down C$0.63 on Monday, hitting C$45.42. 1,867,619 shares of the company’s stock were exchanged, compared to its average volume of 6,419,139. Manulife Financial Co. has a 12-month low of C$26.01 and a 12-month high of C$46.42. The firm has a 50 day moving average price of C$40.99 and a two-hundred day moving average price of C$37.53. The company has a debt-to-equity ratio of 49.60, a quick ratio of 2.58 and a current ratio of 36.68. The stock has a market cap of C$80.39 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06.

Manulife Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 19th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.60 annualized dividend and a yield of 3.52%. Manulife Financial’s dividend payout ratio (DPR) is 68.09%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MFC shares. National Bankshares lifted their target price on Manulife Financial from C$45.00 to C$47.00 in a report on Thursday, November 7th. Scotiabank lifted their target price on Manulife Financial from C$48.00 to C$49.00 in a report on Friday, November 8th. Dbs Bank upgraded Manulife Financial to a “strong-buy” rating in a report on Thursday, August 8th. Royal Bank of Canada raised their price target on Manulife Financial from C$38.00 to C$39.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group lifted their target price on Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Manulife Financial presently has an average rating of “Moderate Buy” and an average target price of C$42.27.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, 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.