Manulife Financial Co. (TSE:MFC) Director Purchases C$96,301.92 in Stock

Manulife Financial Co. (TSE:MFC - Get Free Report) NYSE: MFC Director Anthony Alex Silva purchased 2,200 shares of the stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of C$43.77 per share, for a total transaction of C$96,301.92.

Anthony Alex Silva also recently made the following trade(s):

• On Tuesday, May 13th, Anthony Alex Silva acquired 2,407 shares of Manulife Financial stock. The stock was bought at an average cost of C$44.37 per share, for a total transaction of C$106,788.96.

Manulife Financial Price Performance

MFC stock traded down C$0.10 during midday trading on Friday, reaching C$43.73. The company had a trading volume of 10,213,909 shares, compared to its average volume of 7,776,999. Manulife Financial Co. has a 1-year low of C$32.87 and a 1-year high of C$46.42. The stock has a 50 day moving average price of C$42.38 and a 200-day moving average price of C$43.31. The company has a market capitalization of C$76.70 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06.

Manulife Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Wednesday, May 21st. Manulife Financial's dividend payout ratio (DPR) is presently 49.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on Manulife Financial from C$49.00 to C$45.00 in a report on Friday, April 11th. Scotiabank reduced their target price on shares of Manulife Financial from C$53.00 to C$50.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group lowered their price target on shares of Manulife Financial from C$51.00 to C$46.00 in a research report on Monday, April 21st. National Bankshares cut their price objective on shares of Manulife Financial from C$50.00 to C$49.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, CIBC decreased their target price on shares of Manulife Financial from C$48.00 to C$46.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$48.00.

Manulife Financial Company Profile

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada's Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.