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

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

Manulife Financial Trading Down 0.2 %

Shares of MFC opened at C$44.71 on Thursday. The stock has a market capitalization of C$79.14 billion, a P/E ratio of 19.03, a PEG ratio of 1.01 and a beta of 1.06. Manulife Financial Co. has a twelve month low of C$26.11 and a twelve month high of C$46.42. The company has a quick ratio of 2.58, a current ratio of 36.68 and a debt-to-equity ratio of 49.60. The firm has a fifty day simple moving average of C$42.04 and a two-hundred day simple moving average of C$38.11.

Manulife Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. Manulife Financial’s dividend payout ratio is currently 68.09%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group increased their target price on Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays raised their price objective on Manulife Financial from C$39.00 to C$40.00 in a report on Friday, November 22nd. TD Securities boosted their target price on Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. National Bankshares increased their price target on shares of Manulife Financial from C$45.00 to C$47.00 in a research report on Thursday, November 7th. Finally, Cormark boosted their price objective on shares of Manulife Financial from C$47.00 to C$48.00 in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.