What is Cormark's Forecast for TSE:MFC FY2025 Earnings?

Manulife Financial Co. (TSE:MFC - Free Report) NYSE: MFC - Cormark cut their FY2025 earnings estimates for Manulife Financial in a research report issued on Wednesday, April 30th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $4.16 per share for the year, down from their previous forecast of $4.18. The consensus estimate for Manulife Financial's current full-year earnings is $3.61 per share. Cormark also issued estimates for Manulife Financial's FY2026 earnings at $4.53 EPS.

MFC has been the subject of several other reports. Barclays decreased their price objective on shares of Manulife Financial from C$49.00 to C$45.00 in a report on Friday, April 11th. CIBC decreased their target price on shares of Manulife Financial from C$48.00 to C$46.00 and set a "neutral" rating for the company in a report on Thursday. Scotiabank dropped their target price on shares of Manulife Financial from C$53.00 to C$50.00 and set an "outperform" rating on the stock in a research report on Thursday. Jefferies Financial Group decreased their price objective on shares of Manulife Financial from C$51.00 to C$46.00 in a research note on Monday, April 21st. Finally, Royal Bank of Canada set a C$51.00 target price on shares of Manulife Financial and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$46.00.

Manulife Financial Stock Down 0.7 %

MFC stock traded down C$0.32 during trading on Friday, hitting C$43.25. 10,739,391 shares of the company's stock traded hands, compared to its average volume of 6,909,636. The stock has a market capitalization of C$75.86 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. Manulife Financial has a 52 week low of C$32.87 and a 52 week high of C$46.42. The stock has a fifty day moving average price of C$42.14 and a two-hundred day moving average price of C$43.14.

Insider Transactions at Manulife Financial

In related news, Director Brooks Tingle sold 3,866 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$43.43, for a total transaction of C$167,882.21. Also, Senior Officer Steve Finch sold 11,598 shares of Manulife Financial stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$43.43, for a total value of C$503,646.63. In the last quarter, insiders sold 18,683 shares of company stock worth $816,102. 0.03% of the stock is owned by corporate insiders.

Manulife Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.44 per share. This is a positive change from Manulife Financial's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Manulife Financial's dividend payout ratio (DPR) is 49.79%.

About Manulife Financial

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.