MFC FY2026 EPS Increased by National Bank Financial

Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC - Research analysts at National Bank Financial raised 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 previous 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 target price on Manulife Financial in a report on Monday, May 19th.

Manulife Financial Stock Performance

Shares of NYSE:MFC traded up $0.45 during midday trading on Monday, hitting $30.91. 1,984,784 shares of the stock were exchanged, compared to its average volume of 2,177,598. The stock has a market capitalization of $52.80 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.03 and a beta of 0.99. The business's 50-day moving average price is $31.41 and its 200 day moving average price is $30.51. Manulife Financial has a 12 month low of $23.30 and a 12 month high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.69 earnings per share 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 return on equity of 15.84% and a net margin of 9.58%. During the same quarter in the prior year, the business posted $0.94 EPS.

Institutional Trading of Manulife Financial

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Manulife Financial by 28.7% in the fourth quarter. Geode Capital Management LLC now owns 10,650,598 shares of the financial services provider's stock valued at $333,291,000 after acquiring an additional 2,377,338 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 worth $1,112,000 after buying an additional 13,638 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Manulife Financial during the 4th quarter worth approximately $16,213,000. Rossby Financial LCC bought a new position in shares of Manulife Financial during the 1st quarter worth approximately $243,000. Finally, Mackenzie Financial Corp boosted its holdings 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 worth $755,367,000 after buying an additional 230,105 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.

Manulife Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Wednesday, May 21st were issued a $0.3194 dividend. The ex-dividend date was Wednesday, May 21st. This is a boost from Manulife Financial's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.13%. Manulife Financial's dividend payout ratio is presently 67.02%.

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.