Manulife Financial (MFC) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Manulife Financial (NYSE: MFC):

  • 2/6/2018 – Manulife Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Manulife continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses, driving long-term earnings growth. It remains on track to achieve more than $100 million in expense synergies. However, declining group benefit sales in Canada segment will weigh on results. Volatile global equity markets coupled with low bond yields has largely affected the company’s capital position. Manulife will lower allocation to alternative long duration assets over the next 12-18 months to free up $2 billion capital. Shares of Manulife underperformed the industry in a year’s time. Also with the new tax structure Manulife will incur $1.9 billion or 96 cents charge per share but net and core earnings might rise by $250 million per year from next year. A Zacks Rank #3 combined with Earnings ESP of -1.94% does not makes us reasonably confident of earnings beat on Feb 7.”
  • 2/2/2018 – Manulife Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Manulife continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses, driving long-term earnings growth. It remains on track to achieve more than $100 million in expense synergies. However, declining group benefit sales in Canada segment will weigh on results. Volatile global equity markets coupled with low bond yields has largely affected the company’s capital position. Manulife will lower allocation to alternative long duration assets over the next 12-18 months to free up $2 billion capital. This strategic initiative will also improve the company’s risk profile as the same will help lower its volatility in legacy blocks. Shares of Manulife underperformed the industry in a year’s time. Also with the new tax structure Manulife will incur $1.9 billion or 96 cents charge per share but net and core earnings might rise by $250 million per year from next year.”
  • 1/31/2018 – Manulife Financial had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $31.00 price target on the stock.
  • 1/24/2018 – Manulife Financial was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating.
  • 1/2/2018 – Manulife Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “Manulife continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses, driving long-term earnings growth. It remains on track to achieve more than $100 million in expense synergies. However, declining group benefit sales in Canada segment will weigh on results. Volatile global equity markets coupled with low bond yields has largely affected the company’s capital position. Manulife will lower allocation to alternative long duration assets over the next 12-18 months to free up $2 billion capital. This strategic initiative will also improve the company’s risk profile as the same will help lower its volatility in legacy blocks. Shares of Manulife underperformed the industry in a year’s time. Also with the new tax structure Manulife will incur $1.9 billion or 96 cents charge per share but net and core earnings might rise by $250 million per year from next year.”

Manulife Financial Co. (NYSE MFC) traded down $0.15 during mid-day trading on Monday, reaching $19.77. 3,103,739 shares of the company traded hands, compared to its average volume of 2,973,824. The stock has a market cap of $39,520.00, a P/E ratio of 25.35, a PEG ratio of 1.01 and a beta of 1.28. Manulife Financial Co. has a 52 week low of $16.62 and a 52 week high of $22.16.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Wednesday, February 21st will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Manulife Financial’s previous quarterly dividend of $0.16. Manulife Financial’s dividend payout ratio (DPR) is currently 82.05%.

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.

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