Anthony Alex Silva Sells 1,000 Shares of Manulife Financial Co. (TSE:MFC) Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Anthony Alex Silva sold 1,000 shares of Manulife Financial stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$45.22, for a total value of C$45,218.70.

Manulife Financial Trading Up 0.4 %

TSE MFC opened at C$44.87 on Friday. Manulife Financial Co. has a twelve month low of C$26.17 and a twelve month high of C$46.42. The company has a debt-to-equity ratio of 49.60, a quick ratio of 2.58 and a current ratio of 36.68. The stock has a market cap of C$79.42 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.01 and a beta of 1.06. The firm’s 50 day moving average price is C$42.17 and its two-hundred day moving average price is C$38.17.

Manulife Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, November 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, November 20th. Manulife Financial’s payout ratio is presently 68.09%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Securities lifted their target price on Manulife Financial from C$45.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Dbs Bank raised Manulife Financial to a “strong-buy” rating in a report on Thursday, August 8th. CIBC boosted their target price on Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Barclays boosted their target price on Manulife Financial from C$39.00 to C$40.00 in a report on Friday, November 22nd. Finally, Scotiabank boosted their target price on Manulife Financial from C$48.00 to C$49.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$43.45.

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.