Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Analysts at National Bank Financial issued their Q3 2019 EPS estimates for Manulife Financial in a research report issued to clients and investors on Wednesday, May 1st. National Bank Financial analyst G. Dechaine anticipates that the financial services provider will post earnings of $0.53 per share for the quarter. National Bank Financial also issued estimates for Manulife Financial’s Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.18 EPS and FY2020 earnings at $2.32 EPS.
Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.24. The company had revenue of $1.74 billion during the quarter. Manulife Financial had a net margin of 10.43% and a return on equity of 13.69%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS.
MFC has been the subject of a number of other research reports. Zacks Investment Research cut shares of Manulife Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th. Barclays reissued a “buy” rating on shares of Manulife Financial in a research report on Thursday, January 10th. Finally, ValuEngine raised shares of Manulife Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Manulife Financial has an average rating of “Hold” and a consensus target price of $25.50.
Shares of Manulife Financial stock traded up $0.31 during trading on Friday, reaching $18.60. The company’s stock had a trading volume of 6,145,540 shares, compared to its average volume of 1,975,602. The stock has a market cap of $36.65 billion, a PE ratio of 8.82, a PEG ratio of 0.85 and a beta of 1.39. Manulife Financial has a 52 week low of $13.33 and a 52 week high of $19.63.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Manulife Financial by 17.5% during the third quarter. Bank of New York Mellon Corp now owns 3,294,977 shares of the financial services provider’s stock worth $58,915,000 after purchasing an additional 489,866 shares during the period. Nordea Investment Management AB bought a new stake in Manulife Financial during the third quarter worth about $91,402,000. Csenge Advisory Group bought a new stake in Manulife Financial during the third quarter worth about $203,000. Morgan Stanley lifted its position in Manulife Financial by 15.1% during the third quarter. Morgan Stanley now owns 2,568,231 shares of the financial services provider’s stock worth $45,919,000 after purchasing an additional 336,398 shares during the period. Finally, Vanguard Group Inc lifted its position in Manulife Financial by 2.7% during the third quarter. Vanguard Group Inc now owns 51,586,191 shares of the financial services provider’s stock worth $922,361,000 after purchasing an additional 1,333,916 shares during the period. 45.05% of the stock is owned by institutional investors and hedge funds.
Manulife Financial Company Profile
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; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.
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