FY2026 EPS Estimate for Manulife Financial Raised by Analyst

Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Equities researchers at Cormark upped their FY2026 earnings estimates for shares of Manulife Financial in a research note issued to investors on Thursday, February 20th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $3.18 per share for the year, up from their previous estimate of $3.08. The consensus estimate for Manulife Financial’s current full-year earnings is $2.87 per share.

Several other equities research analysts have also commented on MFC. Scotiabank reiterated an “outperform” rating on shares of Manulife Financial in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Manulife Financial from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Manulife Financial has a consensus rating of “Buy” and a consensus target price of $45.50.

Manulife Financial Stock Down 4.6 %

Manulife Financial stock opened at $30.36 on Friday. Manulife Financial has a 52 week low of $22.61 and a 52 week high of $33.07. The firm’s 50-day simple moving average is $30.32 and its 200 day simple moving average is $29.79. The firm has a market capitalization of $52.32 billion, a PE ratio of 14.67, a P/E/G ratio of 1.11 and a beta of 1.09.

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

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.3094 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.08%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. Manulife Financial’s dividend payout ratio is 59.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFC. Creative Planning lifted its holdings in Manulife Financial by 3.9% in the 3rd quarter. Creative Planning now owns 173,349 shares of the financial services provider’s stock valued at $5,122,000 after purchasing an additional 6,455 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of Manulife Financial during the 3rd quarter valued at about $242,000. Allspring Global Investments Holdings LLC increased its stake in shares of Manulife Financial by 292.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 345,833 shares of the financial services provider’s stock valued at $10,219,000 after acquiring an additional 257,688 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Manulife Financial by 25.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 55,869 shares of the financial services provider’s stock valued at $1,651,000 after acquiring an additional 11,226 shares during the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Manulife Financial during the 3rd quarter valued at about $218,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

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.