What is Cormark's Estimate for TSE:MFC Q1 Earnings?

Manulife Financial Co. (TSE:MFC - Free Report) NYSE: MFC - Equities research analysts at Cormark issued their Q1 2025 earnings per share estimates for Manulife Financial in a note issued to investors on Wednesday, April 30th. Cormark analyst L. Persaud expects that the financial services provider will post earnings per share of $0.97 for the quarter. The consensus estimate for Manulife Financial's current full-year earnings is $3.61 per share.

Several other brokerages have also issued reports on MFC. Jefferies Financial Group dropped their target price on shares of Manulife Financial from C$51.00 to C$46.00 in a research report on Monday, April 21st. CIBC dropped their price objective 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. Barclays reduced their target price on Manulife Financial from C$49.00 to C$45.00 in a research note on Friday, April 11th. Royal Bank of Canada set a C$51.00 price target on Manulife Financial and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Finally, Scotiabank reduced their price objective on Manulife Financial from C$53.00 to C$50.00 and set an "outperform" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$46.00.

Manulife Financial Trading Up 2.0 %

Shares of MFC traded up C$0.87 during trading hours on Thursday, reaching C$43.57. 5,367,734 shares of the company's stock traded hands, compared to its average volume of 6,864,580. Manulife Financial has a 12 month low of C$32.55 and a 12 month high of C$46.42. The stock has a market cap of C$76.42 billion, a PE ratio of 13.56, 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$42.14 and its 200-day simple moving average is C$43.13.

Insider Activity at Manulife Financial

In other news, Director Kenneth Michael Ross sold 3,219 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$44.91, for a total value of C$144,572.68. Also, Director Brooks Tingle sold 3,866 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$43.43, for a total value of C$167,882.21. Insiders sold a total of 18,683 shares of company stock worth $816,102 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Manulife Financial's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 4.04%. Manulife Financial's payout ratio is 49.79%.

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.