Manulife Financial Co. (TSE:MFC - Get Free Report) (NYSE:MFC) Director Kenneth Michael Ross sold 4,243 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$45.80, for a total transaction of C$194,315.82.
Manulife Financial Stock Up 0.6 %
MFC opened at C$45.69 on Friday. Manulife Financial Co. has a 12 month low of C$26.82 and a 12 month high of C$46.42. The company has a market cap of C$80.87 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company has a current ratio of 36.68, a quick ratio of 2.58 and a debt-to-equity ratio of 49.60. The company has a 50 day moving average of C$42.80 and a 200 day moving average of C$38.51.
Manulife Financial Dividend Announcement
The business 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. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Manulife Financial's dividend payout ratio (DPR) is presently 68.09%.
Analyst Ratings Changes
MFC has been the subject of several recent analyst reports. Dbs Bank raised Manulife Financial to a "strong-buy" rating in a report on Thursday, August 8th. Scotiabank upped their price objective on Manulife Financial from C$48.00 to C$49.00 in a research note on Friday, November 8th. Barclays lifted their target price on Manulife Financial from C$39.00 to C$40.00 in a research note on Friday, November 22nd. Jefferies Financial Group boosted 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 report on Wednesday, October 16th. Finally, CIBC raised their price objective on shares of Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$43.45.
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Manulife Financial Company Profile
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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.
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