Aimee Decamillo Sells 18,000 Shares of Manulife Financial (TSE:MFC) Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Aimee Decamillo sold 18,000 shares of Manulife Financial stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of C$51.77, for a total transaction of C$931,860.00. Following the transaction, the director owned 4,996 shares in the company, valued at approximately C$258,642.92. This trade represents a 78.27% decrease in their position.

Manulife Financial Price Performance

TSE MFC traded down C$0.47 on Friday, reaching C$53.33. The company had a trading volume of 4,393,100 shares, compared to its average volume of 6,119,412. The firm has a market cap of C$89.00 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.01 and a beta of 0.74. Manulife Financial Co. has a fifty-two week low of C$41.08 and a fifty-two week high of C$55.34. The business has a 50 day moving average of C$50.61 and a two-hundred day moving average of C$49.90.

Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its earnings results on Wednesday, May 13th. The financial services provider reported C$1.06 EPS for the quarter. Manulife Financial had a return on equity of 12.65% and a net margin of 11.97%.The firm had revenue of C$2.15 billion for the quarter. As a group, research analysts predict that Manulife Financial Co. will post 3.6104452 earnings per share for the current fiscal year.

Manulife Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a dividend of $0.485 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.94 annualized dividend and a dividend yield of 3.6%. Manulife Financial’s dividend payout ratio is 57.33%.

Analyst Ratings Changes

MFC has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price target on Manulife Financial from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. TD cut their target price on Manulife Financial from C$59.00 to C$58.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Scotiabank lifted their target price on Manulife Financial from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. TD Securities cut their price target on Manulife Financial from C$60.00 to C$59.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, National Bank Financial lifted their price objective on shares of Manulife Financial from C$56.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$57.00.

Manulife Financial Company Profile

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.