Brokers Offer Predictions for Manulife Financial Corp.’s FY2019 Earnings (MFC)
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Analysts at Desjardins issued their FY2019 earnings estimates for Manulife Financial Corp. in a research note issued on Tuesday. Desjardins analyst D. Young forecasts that the financial services provider will post earnings of $2.45 per share for the year.
Other analysts have also issued research reports about the stock. Barclays PLC raised their price target on shares of Manulife Financial Corp. from C$28.00 to C$29.00 in a report on Wednesday, July 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$30.00 price objective on shares of Manulife Financial Corp. in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Finally, National Bank Financial raised their price objective on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Manulife Financial Corp. has a consensus rating of “Buy” and a consensus target price of C$26.92.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.205 per share. The ex-dividend date was Friday, August 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.19%.
In other news, insider Marianne Harrison sold 3,703 shares of Manulife Financial Corp. stock in a transaction on Monday, September 18th. The shares were sold at an average price of C$24.26, for a total transaction of C$89,834.78.
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.
Receive News & Ratings for Manulife Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.