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

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Director Brooks Tingle sold 3,866 shares of Manulife Financial stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total transaction of C$178,102.75.

Manulife Financial Stock Performance

The firm has a market capitalization of C$80.23 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company has a quick ratio of 2.58, a current ratio of 36.68 and a debt-to-equity ratio of 49.60. Manulife Financial Co. has a 12-month low of C$26.01 and a 12-month high of C$46.42. The company has a 50 day moving average price of C$40.99 and a 200 day moving average price of C$37.53.

Manulife Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MFC. CIBC lifted their target price on Manulife Financial from C$42.00 to C$46.00 in a research report on Friday, November 8th. Scotiabank upped their price objective on Manulife Financial from C$48.00 to C$49.00 in a research note on Friday, November 8th. Dbs Bank raised shares of Manulife Financial to a “strong-buy” rating in a research note on Thursday, August 8th. Barclays set a C$39.00 price target on shares of Manulife Financial and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Manulife Financial has a consensus rating of “Moderate Buy” and an average price target of C$42.27.

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.