Manulife Financial Corp (NYSE:MFC) (TSE:MFC) – Analysts at Cormark boosted their Q2 2017 earnings estimates for shares of Manulife Financial Corp in a research report issued on Tuesday. Cormark analyst M. Grauman now anticipates that the financial services provider will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.40. Cormark also issued estimates for Manulife Financial Corp’s Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.78 EPS and FY2018 earnings at $1.98 EPS.

Several other brokerages have also recently issued reports on MFC. ValuEngine cut shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub cut shares of Manulife Financial Corp from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Monday, July 10th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.00.

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Manulife Financial Corp (MFC) opened at 20.64 on Wednesday. The stock’s 50 day moving average is $18.70 and its 200 day moving average is $18.19. Manulife Financial Corp has a one year low of $12.92 and a one year high of $20.84. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 16.71 and a beta of 1.28.

Several institutional investors have recently made changes to their positions in the stock. First Personal Financial Services raised its position in shares of Manulife Financial Corp by 118.4% in the first quarter. First Personal Financial Services now owns 7,442 shares of the financial services provider’s stock valued at $132,000 after buying an additional 4,035 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Manulife Financial Corp during the first quarter valued at approximately $155,000. Pennsylvania Trust Co bought a new position in shares of Manulife Financial Corp during the second quarter valued at approximately $234,000. Sadoff Investment Management LLC bought a new position in shares of Manulife Financial Corp during the second quarter valued at approximately $188,000. Finally, Huntington National Bank raised its position in shares of Manulife Financial Corp by 220.4% in the first quarter. Huntington National Bank now owns 10,354 shares of the financial services provider’s stock valued at $184,000 after buying an additional 7,122 shares during the last quarter. 48.48% of the stock is owned by hedge funds and other institutional investors.

Manulife Financial Corp Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Earnings History and Estimates for Manulife Financial Corp (NYSE:MFC)

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