Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) had its price target increased by equities researchers at National Bankshares from C$45.00 to C$47.00 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 4.35% from the company’s current price.
Several other analysts also recently commented on MFC. CIBC increased their price objective on Manulife Financial from C$36.00 to C$42.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price target on Manulife Financial from C$38.00 to C$39.00 in a research report on Friday, August 9th. Scotiabank lifted their price objective on shares of Manulife Financial from C$41.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Securities upped their target price on shares of Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group raised their price target on shares of Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$41.82.
View Our Latest Analysis on MFC
Manulife Financial Stock Up 3.4 %
Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported C$0.91 EPS for the quarter, beating analysts’ consensus estimates of C$0.88 by C$0.03. The business had revenue of C$12.88 billion during the quarter, compared to analyst estimates of C$12.27 billion. Manulife Financial had a net margin of 17.34% and a return on equity of 10.41%. As a group, equities analysts expect that Manulife Financial will post 3.6104452 EPS for the current fiscal year.
Insider Buying and Selling at Manulife Financial
In other news, Director Matthew Lyman Macinnis sold 6,708 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$34.67, for a total transaction of C$232,566.36. In other news, Director Rocco Gori sold 48,345 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$35.73, for a total value of C$1,727,395.86. Also, Director Matthew Lyman Macinnis sold 6,708 shares of Manulife Financial stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$34.67, for a total value of C$232,566.36. Over the last ninety days, insiders sold 68,821 shares of company stock valued at $2,455,596. Company 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.
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