MFC FY2026 EPS Estimate Raised by National Bank Financial

Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC - Equities researchers at National Bank Financial increased their FY2026 earnings per share estimates for Manulife Financial in a research report issued on Thursday, July 10th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings of $3.29 per share for the year, up from their prior estimate of $3.28. The consensus estimate for Manulife Financial's current full-year earnings is $2.87 per share.

Separately, Morgan Stanley set a $46.00 price objective on Manulife Financial in a research report on Monday, May 19th.

Manulife Financial Trading Down 0.0%

Shares of NYSE:MFC traded down $0.02 during mid-day trading on Monday, hitting $30.47. 2,296,336 shares of the company traded hands, compared to its average volume of 2,339,871. The stock has a market cap of $52.03 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.04 and a beta of 0.99. Manulife Financial has a 12-month low of $23.30 and a 12-month high of $33.07. The stock has a 50-day moving average price of $31.47 and a two-hundred day moving average price of $30.51.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $1.49 billion for the quarter. Manulife Financial had a net margin of 9.58% and a return on equity of 15.84%. During the same period last year, the company posted $0.94 EPS.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.3194 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Wednesday, May 21st. This is a boost from Manulife Financial's previous quarterly dividend of $0.31. Manulife Financial's dividend payout ratio is currently 67.02%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Manulife Financial by 28.7% during the 4th quarter. Geode Capital Management LLC now owns 10,650,598 shares of the financial services provider's stock valued at $333,291,000 after buying an additional 2,377,338 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Manulife Financial by 60.4% during the 4th quarter. Prudential Financial Inc. now owns 36,200 shares of the financial services provider's stock valued at $1,112,000 after buying an additional 13,638 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Manulife Financial during the 4th quarter valued at $16,213,000. Rossby Financial LCC purchased a new position in shares of Manulife Financial during the 1st quarter valued at $243,000. Finally, Mackenzie Financial Corp lifted its position in shares of Manulife Financial by 0.9% during the 4th quarter. Mackenzie Financial Corp now owns 24,614,416 shares of the financial services provider's stock valued at $755,367,000 after buying an additional 230,105 shares during the last quarter. Hedge funds and other institutional investors own 52.56% of the company's stock.

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.