Manulife Financial Co. (TSE:MFC) Senior Officer Steve Finch Sells 10,295 Shares

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Steve Finch sold 10,295 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$25.97, for a total value of C$267,335.41.

Manulife Financial Trading Up 0.0 %

TSE MFC opened at C$25.97 on Thursday. Manulife Financial Co. has a 12-month low of C$23.02 and a 12-month high of C$27.50. The company has a fifty day simple moving average of C$25.07 and a two-hundred day simple moving average of C$25.31. The company has a current ratio of 123.80, a quick ratio of 2.58 and a debt-to-equity ratio of 56.70. The stock has a market cap of C$47.27 billion, a P/E ratio of 3.70, a P/E/G ratio of 11.85 and a beta of 1.10.

Manulife Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.46 dividend on an annualized basis and a yield of 5.62%. Manulife Financial’s dividend payout ratio is currently 20.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Manulife Financial from C$30.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Barclays lifted their target price on Manulife Financial from C$31.00 to C$33.00 in a research report on Friday, August 11th. CIBC raised their price target on shares of Manulife Financial from C$27.00 to C$28.00 in a research note on Friday, August 11th. TD Securities raised their price target on Manulife Financial from C$32.00 to C$33.00 and gave the company an “action list buy” rating in a research note on Thursday, November 9th. Finally, Cormark raised their price objective on Manulife Financial from C$28.00 to C$29.00 in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.67.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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.