Brokers Offer Predictions for MFC Q1 Earnings

Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC - Investment analysts at Cormark issued their Q1 2025 earnings per share estimates for Manulife Financial in a report released on Wednesday, April 30th. Cormark analyst L. Persaud expects that the financial services provider will post earnings of $0.70 per share for the quarter. The consensus estimate for Manulife Financial's current full-year earnings is $2.87 per share. Cormark also issued estimates for Manulife Financial's FY2025 earnings at $3.00 EPS and FY2026 earnings at $3.26 EPS.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter. Manulife Financial had a return on equity of 15.98% and a net margin of 10.08%.

Several other analysts have also commented on MFC. Royal Bank of Canada increased their target price on shares of Manulife Financial from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Scotiabank reissued an "outperform" rating on shares of Manulife Financial in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $45.50.

Manulife Financial Stock Performance

Shares of NYSE:MFC traded down $0.12 during trading hours on Thursday, hitting $31.20. 622,463 shares of the company's stock traded hands, compared to its average volume of 2,202,559. The company's fifty day simple moving average is $29.76 and its two-hundred day simple moving average is $30.44. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. Manulife Financial has a 52 week low of $23.30 and a 52 week high of $33.07.

Institutional Investors Weigh In On Manulife Financial

Several hedge funds have recently made changes to their positions in MFC. Crews Bank & Trust acquired a new stake in shares of Manulife Financial in the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Manulife Financial during the 4th quarter worth about $31,000. Stonebridge Financial Group LLC purchased a new position in Manulife Financial during the 4th quarter valued at about $34,000. Golden State Wealth Management LLC acquired a new position in shares of Manulife Financial in the 4th quarter valued at about $35,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Manulife Financial in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 52.56% of the company's stock.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.3094 dividend. This is an increase from Manulife Financial's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, March 5th. Manulife Financial's dividend payout ratio (DPR) is 58.45%.

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.