Manulife Financial Co. (MFC) Insider Buys C$16,600.00 in Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) insider Gregory Allen Framke purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were acquired at an average price of C$16.60 per share, with a total value of C$16,600.00.

Gregory Allen Framke also recently made the following trade(s):

  • On Monday, November 26th, Gregory Allen Framke purchased 1,000 shares of Manulife Financial stock. The shares were acquired at an average price of C$16.63 per share, with a total value of C$16,630.00.

TSE:MFC opened at C$21.97 on Friday. Manulife Financial Co. has a 1-year low of C$19.63 and a 1-year high of C$27.77.

Manulife Financial (TSE:MFC) (NYSE:MFC) last released its earnings results on Wednesday, November 7th. The financial services provider reported C$0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.66 by C$0.09. The firm had revenue of C$8.04 billion during the quarter. On average, analysts anticipate that Manulife Financial Co. will post 2.9113288428976 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Tuesday, November 20th will be given a $0.25 dividend. This is an increase from Manulife Financial’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, November 19th. This represents a $1.00 dividend on an annualized basis and a yield of 4.55%. Manulife Financial’s payout ratio is presently 70.79%.

A number of analysts have recently issued reports on MFC shares. Desjardins dropped their price target on Manulife Financial from C$29.00 to C$27.00 in a research report on Tuesday, October 16th. National Bank Financial dropped their price target on Manulife Financial from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Friday, October 5th. CIBC dropped their price target on Manulife Financial from C$30.00 to C$25.00 in a research report on Monday, October 29th. TD Securities lifted their price target on Manulife Financial from C$29.00 to C$30.00 in a research report on Thursday, November 8th. Finally, Evercore ISI reiterated an “in-line” rating and set a C$26.00 price target on shares of Manulife Financial in a research report on Thursday, November 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$28.35.

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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 through insurance agents, brokers, banks, financial planners, and direct marketing.

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Insider Buying and Selling by Quarter for Manulife Financial (TSE:MFC)

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