2 weeks Ago By Defense World Staff
Manulife Financial ( TSE:MFC – Free Report ) (NYSE:MFC) had its target price raised by Scotiabank from C$48.00 to C$49.00 in a report published on Friday morning, BayStreet.
CA reports. Several other analysts also recently commented on the company. Jefferies Financial Group increased their target price on Manulife Financial from C$42.
00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays set a C$39.
00 price objective on Manulife Financial and gave the company an “equal weight” rating in a research report on Thursday, September 5th. TD Securities boosted their target price on Manulife Financial from C$45.00 to C$48.
00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Manulife Financial from C$38.00 to C$39.
00 in a report on Friday, August 9th. Finally, CIBC boosted their price objective on shares of Manulife Financial from C$36.00 to C$42.
00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.
27. View Our Latest Stock Analysis on MFC Manulife Financial Stock Up 2.0 % Manulife Financial Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th.
Investors of record on Wednesday, November 20th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, November 20th.
This represents a $1.60 dividend on an annualized basis and a yield of 3.55%.
Manulife Financial’s dividend payout ratio is currently 68.09%. Insider Activity at Manulife Financial In other news, Director Tin Ku sold 2,166 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 253 shares of the company’s stock, valued at C$9,474.85. This trade represents a 0.
00 % decrease in their ownership of the stock. In other Manulife Financial news, Director Rocco Gori sold 48,345 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$35.
73, for a total transaction of C$1,727,395.86. 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 value of C$81,116.70.
Following the completion of the transaction, the director now directly 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. Over the last three months, insiders have sold 62,113 shares of company stock worth $2,223,030. Corporate insiders own 0.
03% of the company’s stock. About Manulife Financial ( Get Free Report ) 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. Further Reading Five stocks we like better than Manulife Financial What is a buyback in stocks? A comprehensive guide for investors 2 Chip Stocks Benefitting from OpenAI’s Chip Strategy Expansion How to Use High Beta Stocks to Maximize Your Investing Profits Monday.com’s Manic Price Pullback Is a Signal to Buy What Are Dividend Champions? How to Invest in the Champions 3 “Made in America” Stocks to Benefit From the Trump Presidency Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.
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