Brokers

Brokers Issue Forecasts for Manulife Financial Co.’s Q2 2022 Earnings (NYSE:MFC)


Manulife Financial Co. (NYSE:MFCGet Rating) (TSE:MFC) – Research analysts at Desjardins issued their Q2 2022 EPS estimates for shares of Manulife Financial in a research note issued on Thursday, May 12th. Desjardins analyst D. Young anticipates that the financial services provider will post earnings per share of $0.62 for the quarter. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Manulife Financial’s Q3 2022 earnings at $0.66 EPS, Q4 2022 earnings at $0.66 EPS and FY2022 earnings at $2.54 EPS.

MFC has been the subject of several other research reports. Zacks Investment Research restated a “hold” rating on shares of Manulife Financial in a report on Thursday, March 17th. StockNews.com raised Manulife Financial from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Canaccord Genuity Group cut Manulife Financial from a “buy” rating to a “hold” rating in a research report on Friday. Scotiabank cut their target price on Manulife Financial from C$28.00 to C$27.00 in a research report on Friday. Finally, TD Securities cut their target price on Manulife Financial from C$37.00 to C$34.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.50.

NYSE MFC opened at $17.44 on Monday. The company has a market cap of $33.64 billion, a price-to-earnings ratio of 4.69, a P/E/G ratio of 0.62 and a beta of 1.22. Manulife Financial has a 52 week low of $16.63 and a 52 week high of $22.19. The business has a 50 day moving average price of $20.32 and a 200-day moving average price of $19.99.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Manulife Financial during the 1st quarter valued at $52,082,000. Edgestream Partners L.P. purchased a new position in shares of Manulife Financial during the 1st quarter valued at $602,000. Mariner LLC lifted its position in shares of Manulife Financial by 94.8% during the 1st quarter. Mariner LLC now owns 25,527 shares of the financial services provider’s stock valued at $545,000 after buying an additional 12,422 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Manulife Financial during the 1st quarter valued at $34,806,000. Finally, Estabrook Capital Management bought a new stake in shares of Manulife Financial during the 1st quarter valued at $169,000. 47.04% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Wednesday, May 25th will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $1.03 annualized dividend and a yield of 5.89%. Manulife Financial’s dividend payout ratio is currently 27.96%.

About Manulife Financial (Get Rating)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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 provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks.

See Also

Earnings History and Estimates for Manulife Financial (NYSE:MFC)



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