Manulife (TSE:MFC) (NYSE:MFC) insider Stephani Kingsmill sold 6,200 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of C$24.77, for a total transaction of C$153,574.00.
Shares of Manulife opened at C$24.94 on Thursday, MarketBeat Ratings reports. Manulife has a 52 week low of C$22.62 and a 52 week high of C$27.77.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, May 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.53%.
MFC has been the topic of a number of research reports. National Bank Financial raised shares of Manulife from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$30.00 to C$31.00 in a research note on Wednesday, January 24th. Scotiabank decreased their target price on shares of Manulife from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Desjardins decreased their target price on shares of Manulife from C$30.00 to C$28.00 in a research note on Thursday, April 12th. TD Securities raised shares of Manulife from a “hold” rating to a “buy” rating and set a C$28.00 target price on the stock in a research note on Thursday, April 12th. Finally, CIBC raised shares of Manulife from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$28.00 to C$29.00 in a research note on Friday, May 4th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$30.00.
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.
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