Manulife Financial (MFC) Set to Announce Earnings on Wednesday

Manulife Financial (TSE:MFC) (NYSE:MFC) will be issuing its quarterly earnings data after the market closes on Wednesday, February 13th. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.

Shares of TSE MFC opened at C$20.79 on Tuesday. Manulife Financial has a one year low of C$18.33 and a one year high of C$25.36. The stock has a market cap of $40.58 billion and a price-to-earnings ratio of 17.01.

In other news, Director Claude. James Prieur purchased 45,000 shares of Manulife Financial stock in a transaction dated Thursday, December 6th. The stock was acquired at an average cost of C$15.58 per share, for a total transaction of C$701,100.00. Also, insider Linda Mantia bought 5,000 shares of Manulife Financial stock in a transaction that occurred on Monday, December 10th. The stock was bought at an average price of C$20.00 per share, with a total value of C$100,000.00. Over the last quarter, insiders have bought 55,000 shares of company stock valued at $884,220.

Several brokerages have recently issued reports on MFC. CIBC reduced their price target on Manulife Financial from C$30.00 to C$25.00 in a report on Monday, October 29th. Desjardins reduced their price target on Manulife Financial from C$29.00 to C$27.00 in a report on Tuesday, October 16th. TD Securities lifted their price target on Manulife Financial from C$29.00 to C$30.00 in a report on Thursday, November 8th. Evercore ISI reiterated an “in-line” rating and set a C$26.00 price target on shares of Manulife Financial in a report on Thursday, November 8th. Finally, Evercore set a C$26.00 price target on Manulife Financial and gave the company an “in-line” rating in a report on Thursday, November 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$27.83.

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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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Earnings History for Manulife Financial (TSE:MFC)

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