Manulife Financial (MFC) Receives Daily News Sentiment Score of 0.07

Media headlines about Manulife Financial (NYSE:MFC) (TSE:MFC) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Manulife Financial earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 47.4068918990258 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Manulife Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. CIBC raised Manulife Financial from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, May 3rd. Evercore ISI assumed coverage on Manulife Financial in a research note on Tuesday, July 10th. They set an “in-line” rating on the stock. ValuEngine cut Manulife Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley dropped their target price on Manulife Financial from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.33.

Shares of Manulife Financial opened at $18.22 on Monday, reports. Manulife Financial has a 1 year low of $17.73 and a 1 year high of $22.16. The company has a market cap of $36.51 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.92 and a beta of 1.31.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.21. Manulife Financial had a return on equity of 12.69% and a net margin of 4.22%. The business had revenue of $10.59 billion during the quarter. During the same quarter last year, the firm earned $0.57 EPS. equities research analysts forecast that Manulife Financial will post 2.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Tuesday, August 21st will be given a dividend of $0.169 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, August 20th. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.13. Manulife Financial’s payout ratio is 40.35%.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.

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