Manulife Financial Co. (TSE:MFC) Senior Officer Steve Finch Sells 11,598 Shares of Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Steve Finch sold 11,598 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 value of C$534,308.26.

Manulife Financial Stock Performance

The stock has a market cap of C$80.23 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.01 and a beta of 1.06. The company’s fifty day moving average is C$40.99 and its 200-day moving average is C$37.53. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58. Manulife Financial Co. has a 52 week low of C$26.01 and a 52 week high of C$46.42.

Manulife Financial Dividend Announcement

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

Analysts Set New Price Targets

MFC has been the subject of a number of research analyst reports. Barclays set a C$39.00 price target on shares of Manulife Financial and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada increased their price target on Manulife Financial from C$38.00 to C$39.00 in a report on Friday, August 9th. Jefferies Financial Group raised their price target on Manulife Financial from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. CIBC increased their target price on Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Finally, National Bankshares boosted their price target on Manulife Financial from C$45.00 to C$47.00 in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.