Manulife Financial (MFC) Earning Somewhat Favorable Media Coverage, Report Finds

Headlines about Manulife Financial (NYSE:MFC) (TSE:MFC) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manulife Financial earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.9335015682302 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

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MFC has been the topic of a number of research reports. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, January 2nd. National Bank Financial raised shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Scotiabank reaffirmed a “buy” rating and set a $31.00 target price on shares of Manulife Financial in a research note on Wednesday, January 31st. Morgan Stanley cut their target price on shares of Manulife Financial from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Finally, ValuEngine raised shares of Manulife Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.00.

Shares of Manulife Financial (NYSE MFC) traded up $0.11 during midday trading on Monday, reaching $18.68. 2,530,354 shares of the company were exchanged, compared to its average volume of 2,924,605. Manulife Financial has a one year low of $16.62 and a one year high of $22.16. The stock has a market cap of $36,824.73, a PE ratio of 25.24, a P/E/G ratio of 0.95 and a beta of 1.33.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Manulife Financial had a net margin of 3.50% and a return on equity of 11.49%. The business had revenue of $12.79 billion for the quarter. analysts expect that Manulife Financial will post 2.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Wednesday, February 21st were given a dividend of $0.175 per share. This is a boost from Manulife Financial’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, February 20th. Manulife Financial’s dividend payout ratio (DPR) is 94.59%.

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Manulife Financial Company Profile

Manulife Financial Corporation (MFC) is a holding company 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.

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

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