Manulife Financial Co. (TSE:MFC – Free Report) (NYSE:MFC) – National Bank Financial lowered their Q4 2025 earnings per share estimates for Manulife Financial in a research note issued on Wednesday, May 7th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings per share of $1.07 for the quarter, down from their prior estimate of $1.10. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.
A number of other brokerages also recently commented on MFC. TD Securities lifted their target price on Manulife Financial from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Jefferies Financial Group decreased their target price on Manulife Financial from C$51.00 to C$46.00 in a research note on Monday, April 21st. Scotiabank decreased their target price on Manulife Financial from C$53.00 to C$50.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. CIBC decreased their target price on Manulife Financial from C$48.00 to C$46.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Barclays decreased their target price on Manulife Financial from C$49.00 to C$45.00 in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$48.00.
Manulife Financial Stock Performance
TSE:MFC opened at C$42.88 on Monday. The company has a market capitalization of C$75.21 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. Manulife Financial has a one year low of C$32.87 and a one year high of C$46.42. The stock has a 50-day simple moving average of C$42.06 and a 200 day simple moving average of C$43.18.
Insider Transactions at Manulife Financial
In related news, Director Kenneth Michael Ross sold 3,219 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$44.91, for a total transaction of C$144,572.68. Also, Director Brooks Tingle sold 3,866 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$43.43, for a total value of C$167,882.21. Over the last three months, insiders sold 18,683 shares of company stock worth $816,102. Company insiders own 0.03% of the company’s stock.
Manulife Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.10%. Manulife Financial’s dividend payout ratio is presently 49.79%.
Manulife Financial Company Profile
Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.
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