Cormark Expects Increased Earnings for Manulife Financial

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Cormark upped their FY2025 earnings per share (EPS) estimates for shares of Manulife Financial in a research report issued to clients and investors on Thursday, November 7th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $4.05 per share for the year, up from their previous forecast of $3.99. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

Several other equities analysts have also weighed in on MFC. Barclays set a C$39.00 target price on shares of Manulife Financial and gave the company an “equal weight” rating in a report on Thursday, September 5th. CIBC boosted their price target on Manulife Financial from C$42.00 to C$46.00 in a research report on Friday. National Bankshares upped their target price on shares of Manulife Financial from C$45.00 to C$47.00 in a research note on Thursday. Jefferies Financial Group lifted their price target on shares of Manulife Financial from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Dbs Bank upgraded Manulife Financial to a “strong-buy” rating in a research note on Thursday, August 8th. One equities 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$42.27.

Manulife Financial Trading Down 1.2 %

TSE MFC opened at C$44.24 on Monday. The firm has a market capitalization of C$78.30 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 49.60, a quick ratio of 2.58 and a current ratio of 36.68. Manulife Financial has a one year low of C$25.39 and a one year high of C$45.68. The company’s 50 day moving average price is C$40.15 and its 200 day moving average price is C$37.02.

Manulife Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th will be given 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 dividend yield of 3.62%. Manulife Financial’s payout ratio is currently 68.09%.

Insider Activity

In related news, Director Tin Ku sold 2,166 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$37.45, for a total transaction of C$81,116.70. Following the sale, the director now owns 253 shares in the company, valued at C$9,474.85. This represents a 0.00 % decrease in their ownership of the stock. In other news, Director Matthew Lyman Macinnis sold 6,708 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$34.67, for a total transaction of C$232,566.36. Also, Director Tin Ku sold 2,166 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$37.45, for a total transaction of C$81,116.70. Following the transaction, the director now owns 253 shares of the company’s stock, valued at C$9,474.85. This represents a 0.00 % decrease in their position. In the last three months, insiders sold 68,821 shares of company stock valued at $2,455,596. Company insiders own 0.03% of the company’s stock.

Manulife Financial Company Profile

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.