The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. The current yield is 3.4%. The ex-dividend date was Friday, November 18th. Caisse DE Depot ET Placement DU Quebec raised its stake in Manulife Financial Corp by 0.5% in the third quarter. With Manulife Financial Corporation (NYSE:MFC) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. The company has a market cap of $36.74 billion, a P/E ratio of 16.07 and a beta of 1.53. The company has a 50-day moving average of $18.59 and a 200 day moving average of $15.83. Manulife Financial Corp has a 12 month low of $11.42 and a 12 month high of $19.52.
Manulife Financial Corporation (NYSE:MFC) posted earnings of $0.37/Share in the previous quarter, as compared to earnings of $0.34/share estimated by analysts. In the fourth quarter, Manulife generated core earnings of $1.287 billion, diluted core earnings per common share of $0.63 and core return on common shareholders' equity of 12.9%, compared with $859 million, $0.42, and 8.7%, respectively in 2015. Manulife Financial Corp had a return on equity of 9.05% and a net margin of 4.63%. The high end of the earnings forecast is $1.02 per share and low end is $0.84 per share. If you are accessing this report on another publication, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
An institutional investor recently bought a new position in Manulife Financial Corp stock. Up 24 cents, or 1.45 per cent, to $16.78 on 5.4 million shares.
Several brokerages have weighed in on MFC. RBC Capital Markets reiterated an "outperform" rating and issued a $26.00 target price (up previously from $21.00) on shares of Manulife Financial Corp in a report on Friday, November 11th. BMO Capital Markets reaffirmed a "buy" rating on shares of Manulife Financial Corp in a report on Friday, November 11th. Dundee Securities boosted their price objective on shares of Manulife Financial Corp. from C$24.00 to C$27.00 in a research note on Thursday, December 22nd. 1 Month Ago, MFC's stock has been recommended as BUY from 10 and 3 given OVERWEIGHT rating for the company. The stock has an average rating of "Buy" and a consensus target price of $22.22.
In case of Revenue Estimates, 1 analysts have provided their consensus Average Revenue Estimates for Manulife Financial Corporation as 12.44 Billion. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The product and service offerings of each segment include Protection (Asia, Canadian and U.S. Divisions), Wealth Management (Asia, Canadian and U.S. Divisions), and Corporate and Other segment.
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