Were Analysts Bearish Manulife Financial Corp

Cornelia Mascio
Settembre 22, 2017

(TSE:MFC), 4 have Buy rating, 0 Sell and 1 Hold. BidaskClub lowered shares of Manulife Financial Corp from a hold rating to a sell rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock.

Td Asset Management Inc decreased its stake in Manulife Finl Corp (MFC) by 1.48% based on its latest 2017Q2 regulatory filing with the SEC. Manulife Financial Corp. (TSE:MFC) has 0.00% since September 19, 2016 and is.

Manulife Financial Corp (MFC) traded up 0.20% during trading on Wednesday, reaching $19.83. ValuEngine lowered Manulife Financial Corp from a "strong-buy" rating to a "buy" rating in a research note on Monday. The analysts estimated sales for the higher end at 16894.7 million and lower end at 16894.7 million while the year ago reported sale was 7808.01 million. On average, equities analysts expect that Manulife Financial Corp will post $1.83 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another publication, it was stolen and reposted in violation of U.S. and worldwide copyright law. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.1621 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.27%. This is a positive change from Manulife Financial Corp's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, August 18th.

Analysts await Manulife Financial Corporation (USA) (NYSE:MFC) to report earnings on November, 9.

Other hedge funds have also added to or reduced their stakes in the company. National Bank Financial boosted their price objective on Manulife Financial Corp. from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a report on Thursday, August 10th. Janney Montgomery Scott LLC now owns 17,124 shares of the financial services provider's stock worth $304,000 after acquiring an additional 1,979 shares in the last quarter. This is an increase from Manulife Financial Corp's previous quarterly dividend of $0.15. Northwestern Mutual Wealth Management Co. now owns 10,284 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 2,103 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Manulife Financial Corp by 29.2% in the 1st quarter. Finally, Norges Bank acquired a new stake in Manulife Financial during the fourth quarter worth approximately $25,346,000. YHB Investment Advisors Inc. bought a new position in Manulife Financial Corp in the 2nd quarter valued at approximately $202,000.

Manulife Financial Corporation is a holding firm of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

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