Manulife Financial Co. (TSE:MFC) Director Anthony Alex Silva Sells 1,000 Shares of Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Anthony Alex Silva sold 1,000 shares of Manulife Financial stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$45.22, for a total transaction of C$45,218.70.

Manulife Financial Stock Performance

Manulife Financial stock opened at C$44.71 on Thursday. Manulife Financial Co. has a 1-year low of C$26.11 and a 1-year high of C$46.42. 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 firm has a market capitalization of C$79.14 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The firm’s 50 day simple moving average is C$42.04 and its 200 day simple moving average is C$38.11.

Manulife Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, November 20th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. Manulife Financial’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Ratings Changes

A number of research firms recently commented on MFC. CIBC lifted their price target on shares of Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Royal Bank of Canada upped their price target on Manulife Financial from C$38.00 to C$39.00 in a research report on Friday, August 9th. Scotiabank increased their price target on Manulife Financial from C$48.00 to C$49.00 in a research note on Friday, November 8th. Cormark boosted their price objective on Manulife Financial from C$47.00 to C$48.00 in a research note on Thursday, November 21st. Finally, Jefferies Financial Group increased their target price on shares of Manulife Financial from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities 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 stock presently has an average rating of “Moderate Buy” and an average target price of C$43.45.

About Manulife Financial

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.