Manulife Financial Corp. (MFC) Receives Average Rating of "Buy" from Analysts

Cornelia Mascio
Ottobre 13, 2017

About 884,136 shares traded. The institutional investor held 570,039 shares of the life insurance company at the end of 2017Q2, valued at $10.69 million, down from 623,579 at the end of the previous reported quarter. Zacks Investment Research upgraded shares of Manulife Financial Corp from a "sell" rating to a "hold" rating and set a $22.00 target price for the company in a report on Monday, July 10th. Analysts anticipate that traders could see stock price minimum in the $100 range (lowest target price). It also increased its holding in Heartland Finl Usa Inc (NASDAQ:HTLF) by 57,700 shares in the quarter, for a total of 174,850 shares, and has risen its stake in Lear Corp (NYSE:LEA). It has outperformed by 7.30% the S&P500. The institutional investor owned 2,275,183 shares of the financial services provider's stock after acquiring an additional 91,976 shares during the quarter. The firm has a market capitalization of $34.42 billion, a P/E ratio of 15.196 and a beta of 1.53. (NASDAQ:INTU) has risen 23.62% since October 12, 2016 and is uptrending. It has outperformed by 9.31% the S&P500. The value of the investment in MFC went from $16,000 to $13,000,000 a change of 81,150.0% quarter over quarter. The Hansberger Growth Investors Lp holds 462,116 shares with $8.67 million value, down from 595,007 last quarter.

Among 15 analysts covering Calpine Corporation (NYSE:CPN), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 60% are positive. Intuit has $165 highest and $86 lowest target. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

Manulife Financial Corp (MFC) has a current 14-day RSI reading of 65.45, the 7-day is 70.59, and the 3-day is 67.57. The stock of Casey's General Stores Inc (NASDAQ:CASY) has "Outperform" rating given on Thursday, September 8 by RBC Capital Markets. (NASDAQ:INTU) earned "Outperform" rating by Credit Suisse on Friday, February 24. The firm has "Buy" rating by Stifel Nicolaus given on Thursday, June 30.

Cullen Capital Management Llc, which manages about $3.87 billion and $2.84 billion US Long portfolio, upped its stake in Japan Tobacco Inc. UBS maintained Intuit Inc. The mean rating score for this stock is at 1.50. UBS has "Buy" rating and $134 target. The rating was downgraded by IBC to "Sector Perform" on Thursday, August 4. Finally, PNC Financial Services Group Inc. increased its holdings in Manulife Financial Corp by 9.9% during the 2nd quarter. Goldman Sachs has "Buy" rating and $124 target. Carroll Inc invested in 0.92% or 167,105 shares. As of the end of the quarter Next Financial Group, Inc had sold a total of 240 shares trimming its stake by 25.5%.

The share price was last seen 0.93% higher, reaching at $118.8 on October 10, 2017. Its down 0.44, from 1.08 in 2017Q1. Many investors will end up holding onto a loser for far too long. 69 funds opened positions while 141 raised stakes. 511.81 million shares or 0.29% less from 513.31 million shares in 2017Q1 were reported. Nationwide Fund Advsr reported 100,853 shares. 43,800 are owned by Eulav Asset Mngmt. Stockholders of record on Tuesday, August 22nd were issued a $0.205 dividend. Commonwealth Equity Serv Inc has invested 0.1% in BB&T Corporation (NYSE:BBT). (NASDAQ:INTU). Vermont-based Trust Of Vermont has invested 0.1% in Intuit Inc.

Edgemoor Investment Advisors Inc increased Bb&T Corp (BBT) stake by 166.64% reported in 2017Q2 SEC filing. (JAPAF) by 37,060 shares to 157,700 shares, valued at $5.53 million in 2017Q2, according to the filing. Price T Rowe Assocs Md owns 4.30 million shares or 0.18% of their U.S. portfolio. 46,700 are owned by Andra Ap. (NASDAQ:INTU) for 14,778 shares. Arrowgrass Partners (Us) Limited Partnership stated it has 117,941 shares. Lindsell Train Ltd holds 11.38% of its portfolio in Intuit Inc. Ny State Teachers Retirement has invested 0.13% in Intuit Inc. Manulife Finl Corp now has $41.11B valuation. (NASDAQ:NUTR) news was published by Benzinga.com which published an article titled: "Nutraceutical Up 50% After Being Acquired By HGGC" on May 22, 2017. "Still in the Dark Ages?" on September 13, 2017.

Analysts await Generac Holdings Inc. (NASDAQ:INTU) to report earnings on November, 16. They expect $1.35 earnings per share, down 6.25% or $0.09 from last year's $1.44 per share.

More notable recent Manulife Financial Corporation (USA) (NYSE:MFC) news were published by: Fool.ca which released: "Should You Buy Manulife Financial Corp. Is a Buy Regardless of What Happens With John Hancock" on July 17, 2017. After $0.42 actual EPS reported by Manulife Financial Corporation (USA) for the previous quarter, Wall Street now forecasts 4.76% EPS growth. The Company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.

Among 6 analysts covering Manulife Financial Corp. Given that liquidity is king in short-term, MFC is a stock with 1.99 billion shares outstanding that normally trades 0.4% of its float. Therefore 80% are positive.

Manulife Financial Corp has a 50 day moving average of 19.88 and a 200 day moving average of 18.77. $26.40's average target is 26.92% above currents $20.8 stock price. This key information was disclosed in an analyst note on 11 October. To measure price-variation, we found CVX's volatility during a week at 1.03% and during a month it has been found around 1.04%. The rating was maintained by TD Securities with "Buy" on Friday, August 7. The rating was initiated by Dundee Securities on Wednesday, September 21 with "Buy". As per Friday, August 7, the company rating was maintained by RBC Capital Markets.

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