Manulife Financial Co. (TSE:MFC) Senior Officer Sells C$534,308.26 in Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Steve Finch sold 11,598 shares of Manulife Financial stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$46.07, for a total transaction of C$534,308.26.

Manulife Financial Stock Performance

Manulife Financial Co. has a 12-month low of C$26.01 and a 12-month high of C$46.42. The stock has a market capitalization of C$80.23 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The business’s 50 day moving average price is C$40.99 and its two-hundred day moving average price is C$37.53. The company has a debt-to-equity ratio of 49.60, a quick ratio of 2.58 and a current ratio of 36.68.

Manulife Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of ∞. The ex-dividend date is Wednesday, November 20th. Manulife Financial’s payout ratio is 68.09%.

Analysts Set New Price Targets

MFC has been the subject of several analyst reports. CIBC upped their target price on Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. TD Securities raised their price objective on shares of 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. National Bankshares boosted their target price on shares of Manulife Financial from C$45.00 to C$47.00 in a report on Thursday, November 7th. Dbs Bank raised shares of Manulife Financial to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price target on shares of Manulife Financial from C$38.00 to C$39.00 in a research report on Friday, August 9th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$42.27.

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.