TSE:MFC FY2025 EPS Lowered by National Bank Financial

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Research analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Manulife Financial in a research report issued on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $4.25 per share for the year, down from their previous forecast of $4.30. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

MFC has been the subject of a number of other research reports. TD Securities increased their target price on Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays lifted their target price on Manulife Financial from C$40.00 to C$47.00 in a research report on Monday, January 6th. Scotiabank upped their price target on Manulife Financial from C$48.00 to C$49.00 in a research report on Friday, November 8th. CIBC lifted their price objective on shares of Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Manulife Financial from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$44.09.

Manulife Financial Trading Down 0.2 %

Shares of TSE:MFC opened at C$44.26 on Friday. The firm has a market cap of C$78.34 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.01 and a beta of 1.06. Manulife Financial has a 12 month low of C$28.06 and a 12 month high of C$46.42. The company’s fifty day simple moving average is C$44.50 and its 200 day simple moving average is C$40.29. The company has a quick ratio of 2.58, a current ratio of 36.68 and a debt-to-equity ratio of 49.60.

Manulife Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, November 20th. Manulife Financial’s dividend payout ratio (DPR) is presently 68.09%.

Insider Buying and Selling at Manulife Financial

In other news, Senior Officer James D. Gallagher sold 57,064 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$44.80, for a total value of C$2,556,638.39. Also, Director Brooks Tingle sold 3,866 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$46.07, for a total transaction of C$178,102.75. Insiders have sold 77,771 shares of company stock worth $3,508,584 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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.