Manulife Financial Stock Price, Forecast & Analysis (NYSE:MFC)

Manulife Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "MFC."

Manulife Financial announced a quarterly dividend on Wednesday, November 6th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.19 per share on Thursday, December 19th. This represents a $0.76 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, November 18th. This is a boost from Manulife Financial's previous quarterly dividend of $0.19. View Manulife Financial's Dividend History.

Manulife Financial Co. (NYSE:MFC) posted its earnings results on Wednesday, November, 6th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.21. The financial services provider had revenue of $17.14 billion for the quarter. Manulife Financial had a net margin of 6.45% and a return on equity of 12.86%. During the same period in the prior year, the business posted $0.75 earnings per share. View Manulife Financial's Earnings History.

Manulife Financial is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Manulife Financial.

2 brokers have issued twelve-month target prices for Manulife Financial's shares. Their forecasts range from $28.00 to $34.00. On average, they expect Manulife Financial's stock price to reach $30.67 in the next twelve months. This suggests a possible upside of 54.3% from the stock's current price. View Analyst Price Targets for Manulife Financial.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Manulife Financial.

Media stories about MFC stock have trended very negative this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Manulife Financial earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View News Stories for Manulife Financial.

Manulife Financial saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,180,000 shares, a decrease of 32.6% from the September 30th total of 6,200,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.2% of the company's stock are sold short. View Manulife Financial's Current Options Chain.

Some companies that are related to Manulife Financial include China Life Insurance (LFC), AXA (AXAHY), Metlife (MET), Prudential Public (PUK), Prudential Financial (PRU), SWISS RE LTD/S (SSREY), Sun Life Financial (SLF), AVIVA PLC/ADR (AVVIY), HANNOVER RUECK/S (HVRRY), Legal & General Group (LGEN), AEGON (AEG), Lincoln National (LNC), Globe Life (GL), Reinsurance Group of America (RGA) and SONY FINL HOLDI/ADR (SNYFY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Manulife Financial investors own include Energy Transfer LP Unit (ET), Bank of America (BAC), AT&T (T), Ford Motor (F), JPMorgan Chase & Co. (JPM), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Intel (INTC) and SunCoke Energy Partners (SXCP).

Manulife Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include EdgePoint Investment Group Inc. (1.55%), Letko Brosseau & Associates Inc. (1.07%), Great West Life Assurance Co. Can (0.91%), Beutel Goodman & Co Ltd. (0.58%), CIBC Asset Management Inc (0.42%) and Alberta Investment Management Corp (0.38%).

MFC stock was sold by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, Assenagon Asset Management S.A., Waratah Capital Advisors Ltd., Greystone Managed Investments Inc., Hexavest Inc., Renaissance Group LLC, Great West Life Assurance Co. Can and Massachusetts Financial Services Co. MA.

MFC stock was purchased by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, EdgePoint Investment Group Inc., Beutel Goodman & Co Ltd., Russell Investments Group Ltd., Virginia Retirement Systems ET AL, Sumitomo Mitsui Trust Holdings Inc., Zurcher Kantonalbank Zurich Cantonalbank and Tibra Equities Europe Ltd.

Shares of MFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MFC stock can currently be purchased for approximately $19.87.

Manulife Financial has a market capitalization of $38.72 billion and generates $30.07 billion in revenue each year. The financial services provider earns $3.61 billion in net income (profit) each year or $2.11 on an earnings per share basis. Manulife Financial employs 34,000 workers across the globe.View Additional Information About Manulife Financial.

The official website for Manulife Financial is http://www.manulife.com/.

Manulife Financial's mailing address is 200 Bloor Street East NT 11, Toronto A6, M4W1E5. The financial services provider can be reached via phone at 416-926-3000 or via email at [email protected]