TSE:MFC FY2025 EPS Forecast Cut by National Bank Financial

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

Several other equities research analysts have also recently weighed in on MFC. Jefferies Financial Group increased their price objective on Manulife Financial from C$42.00 to C$47.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. CIBC raised their price target on Manulife Financial from C$42.00 to C$46.00 in a research note on Friday, November 8th. Cormark upped their price objective on shares of Manulife Financial from C$47.00 to C$48.00 in a report on Thursday, November 21st. Barclays raised their target price on shares of Manulife Financial from C$40.00 to C$47.00 in a research report on Monday, January 6th. Finally, TD Securities boosted their price target on shares of Manulife Financial from C$45.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$44.09.

Manulife Financial Stock Up 0.9 %

TSE MFC opened at C$44.37 on Friday. Manulife Financial has a 1 year low of C$28.06 and a 1 year high of C$46.42. The stock has a market capitalization of C$78.53 billion, a PE ratio of 18.88, a PEG ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58. The business’s 50-day moving average is C$44.48 and its 200 day moving average is C$40.24.

Manulife Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.60 annualized dividend and a dividend yield of 3.61%. Manulife Financial’s payout ratio is currently 68.09%.

Insider Activity at Manulife Financial

In other Manulife Financial news, Senior Officer Steve Finch sold 11,598 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total transaction of C$534,308.26. Also, Senior Officer James D. Gallagher sold 57,064 shares of Manulife Financial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$44.80, for a total transaction of C$2,556,638.39. Insiders sold a total of 77,771 shares of company stock valued at $3,508,584 in the last 90 days. Corporate 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.