Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Investment analysts at National Bank Financial lifted their Q1 2018 earnings estimates for Manulife Financial in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.63. National Bank Financial has a “Sector Perform” rating and a $30.00 price target on the stock. National Bank Financial also issued estimates for Manulife Financial’s Q2 2018 earnings at $0.66 EPS and FY2018 earnings at $2.66 EPS.
Several other research analysts have also commented on the company. Barclays lifted their price target on Manulife Financial from C$30.00 to C$31.00 in a research report on Thursday. TD Securities lifted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Desjardins lifted their price target on Manulife Financial from C$28.00 to C$30.00 in a research report on Monday, November 13th. Scotiabank lifted their price target on Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada lifted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$30.00.
Shares of Manulife Financial (MFC) opened at C$27.21 on Friday. The firm has a market capitalization of $53,920.00, a P/E ratio of 14.95 and a beta of 0.99. Manulife Financial has a 52 week low of C$22.39 and a 52 week high of C$27.53.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, November 20th. Manulife Financial’s payout ratio is currently 43.96%.
In other news, insider Warren A. Thomson sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$26.71, for a total value of C$301,823.00. Also, Director Rocco Gori bought 60,694 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80.
WARNING: “Q1 2018 Earnings Forecast for Manulife Financial Corp. Issued By National Bank Financial (MFC)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/01/14/q1-2018-earnings-estimate-for-manulife-financial-corp-mfc-issued-by-national-bank-financial.html.
About Manulife Financial
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.
Get a free copy of the Zacks research report on Manulife Financial (MFC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.