Cormark Has Positive Estimate for TSE:MFC FY2025 Earnings

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Stock analysts at Cormark raised their FY2025 earnings estimates for shares of Manulife Financial in a report issued 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.

A number of other equities analysts have also recently issued reports on MFC. Dbs Bank raised shares of Manulife Financial to a “strong-buy” rating in a research report on Thursday, August 8th. TD Securities raised their price objective on Manulife Financial from C$45.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. CIBC boosted their price objective on Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Royal Bank of Canada increased their target price on Manulife Financial from C$38.00 to C$39.00 in a report on Friday, August 9th. Finally, Scotiabank upped their price target on Manulife Financial from C$48.00 to C$49.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$42.27.

Manulife Financial Trading Up 0.6 %

TSE:MFC opened at C$45.38 on Monday. Manulife Financial has a 12 month low of C$25.65 and a 12 month high of C$45.68. 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 stock has a market capitalization of C$80.32 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.01 and a beta of 1.06. The firm has a fifty day simple moving average of C$40.30 and a two-hundred day simple moving average of C$37.14.

Insiders Place Their Bets

In related news, Director Rocco Gori sold 48,345 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$35.73, for a total value of C$1,727,395.86. In other news, Senior Officer Steve Finch sold 11,599 shares of the company’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$414,439.23. Also, Director Rocco Gori sold 48,345 shares of the stock in a transaction that occurred on 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. Insiders sold 62,113 shares of company stock worth $2,223,030 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Manulife Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Manulife Financial’s dividend payout ratio (DPR) is presently 68.09%.

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.