Manulife Financial Corp. (TSE:MFC) Given New C$29.00 Price Target at Barclays PLC

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price upped by Barclays PLC from C$28.00 to C$29.00 in a research report sent to investors on Wednesday.

Other equities analysts have also issued research reports about the stock. Scotiabank reaffirmed an outperform rating and issued a C$28.00 price objective on shares of Manulife Financial Corp. in a research note on Thursday, May 4th. TD Securities lifted their target price on shares of Manulife Financial Corp. from C$25.00 to C$26.00 and gave the company a hold rating in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$26.42.

Shares of Manulife Financial Corp. (MFC) opened at 25.10 on Wednesday. The company has a 50-day moving average price of $23.72 and a 200-day moving average price of $24.08. The stock has a market cap of $49.62 billion and a price-to-earnings ratio of 16.08. Manulife Financial Corp. has a 1-year low of $16.87 and a 1-year high of $25.57.

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The firm also recently announced a quarterly dividend, which was paid on Monday, June 19th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.205 per share. The ex-dividend date was Friday, May 12th. This represents a $0.82 annualized dividend and a dividend yield of 3.27%.

In other Manulife Financial Corp. news, insider Stephani Kingsmill sold 10,400 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of C$24.61, for a total value of C$255,944.00. Also, Director Joseph Peter Caron purchased 2,045 shares of Manulife Financial Corp. stock in a transaction on Tuesday, May 9th. The stock was purchased at an average price of C$24.66 per share, for a total transaction of C$50,429.70. Over the last 90 days, insiders sold 11,391 shares of company stock worth $280,241.

Manulife Financial Corp. Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Analyst Recommendations for Manulife Financial Corp. (TSE:MFC)

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