Scott Hartz Sells 18,151 Shares of Manulife Financial Co. (MFC) Stock

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Scott Hartz sold 18,151 shares of Manulife Financial stock in a transaction dated Monday, May 13th. The stock was sold at an average price of C$23.11, for a total value of C$419,469.61. Following the completion of the transaction, the insider now directly owns 51,128 shares of the company’s stock, valued at C$1,181,568.08.

Shares of Manulife Financial stock opened at C$23.64 on Friday. Manulife Financial Co. has a one year low of C$18.33 and a one year high of C$25.20. The stock has a market capitalization of $46.43 billion and a P/E ratio of 8.64. The company has a debt-to-equity ratio of 39.39, a current ratio of 4.96 and a quick ratio of 1.88.

Manulife Financial (TSE:MFC) (NYSE:MFC) last issued its earnings results on Wednesday, February 13th. The financial services provider reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.01). The company had revenue of C$8.51 billion during the quarter. Analysts expect that Manulife Financial Co. will post 3.15000010732539 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Tuesday, May 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, May 13th. Manulife Financial’s payout ratio is 34.36%.

MFC has been the subject of several research analyst reports. CIBC lifted their price objective on Manulife Financial from C$26.50 to C$27.00 in a research report on Friday, May 3rd. Eight Capital lifted their price objective on Manulife Financial from C$28.00 to C$30.00 in a research report on Friday, May 3rd. TD Securities lowered their price objective on Manulife Financial from C$30.00 to C$29.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. Canaccord Genuity lifted their price objective on Manulife Financial from C$30.00 to C$31.00 in a research report on Monday, April 29th. Finally, National Bank Financial lowered their price objective on Manulife Financial from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Manulife Financial presently has an average rating of “Buy” and a consensus target price of C$28.00.

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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; and guaranteed and partially guaranteed annuity products 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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