Brooks Tingle Sells 3,866 Shares of Manulife Financial Co. (TSE:MFC) Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Brooks Tingle sold 3,866 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$43.43, for a total value of C$167,882.21.

Manulife Financial Stock Up 0.0 %

MFC stock traded up C$0.01 during midday trading on Friday, hitting C$44.43. The company’s stock had a trading volume of 1,034,821 shares, compared to its average volume of 5,561,663. The stock has a market cap of C$77.93 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.01 and a beta of 1.06. The stock’s 50-day moving average price is C$43.53 and its 200 day moving average price is C$41.87. Manulife Financial Co. has a 1 year low of C$31.24 and a 1 year high of C$46.42.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.96%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.40. Manulife Financial’s dividend payout ratio is presently 49.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MFC shares. Jefferies Financial Group lifted their price target on shares of Manulife Financial from C$50.00 to C$51.00 in a research note on Thursday, January 30th. TD Securities raised their target price on Manulife Financial from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. CIBC upped their price target on Manulife Financial from C$47.00 to C$48.00 in a research note on Friday, February 21st. Cormark boosted their target price on shares of Manulife Financial from C$47.00 to C$48.00 in a research report on Thursday, November 21st. Finally, National Bankshares raised their target price on Manulife Financial from C$45.00 to C$47.00 in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Manulife Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.60.

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.