Manulife Financial (MFC) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Manulife Financial (TSE: MFC) in the last few weeks:

• 11/8/2024 – Manulife Financial had its price target raised by analysts at CIBC from C$42.00 to C$46.00.
• 11/8/2024 – Manulife Financial had its price target raised by analysts at Scotiabank from C$48.00 to C$49.00.
• 11/7/2024 – Manulife Financial had its price target raised by analysts at TD Securities from C$45.00 to C$48.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Manulife Financial had its price target raised by analysts at National Bankshares, Inc. from C$45.00 to C$47.00.
• 10/30/2024 – Manulife Financial had its price target raised by analysts at Scotiabank from C$41.00 to C$48.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Manulife Financial had its price target raised by analysts at CIBC from C$36.00 to C$42.00. They now have a “neutral” rating on the stock.
• 10/16/2024 – Manulife Financial had its price target raised by analysts at Jefferies Financial Group Inc. from C$42.00 to C$47.00. They now have a “buy” rating on the stock.

Manulife Financial Stock Up 0.1 %

TSE:MFC opened at C$45.42 on Thursday. 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 firm has a market cap of C$80.39 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.01 and a beta of 1.06. Manulife Financial Co. has a fifty-two week low of C$25.82 and a fifty-two week high of C$45.78. The firm has a 50-day simple moving average of C$40.63 and a two-hundred day simple moving average of C$37.33.

Manulife Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 19th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.52%. Manulife Financial’s payout ratio is currently 68.09%.

Insider Buying and Selling

In other Manulife Financial news, Director Tin Ku sold 2,166 shares of Manulife Financial stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$37.45, for a total value of C$81,116.70. Following the completion of the sale, the director now owns 253 shares of the company’s stock, valued at approximately C$9,474.85. This trade represents a 0.00 % decrease in their position. 0.03% of the stock is owned by company insiders.

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.