Manulife Financial (MFC) Scheduled to Post Earnings on Wednesday

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Manulife Financial (TSE:MFC) (NYSE:MFC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Manulife Financial to post earnings of C$0.73 per share for the quarter.

MFC opened at C$22.60 on Tuesday. The company’s 50 day simple moving average is C$23.95. The company has a market capitalization of $44.31 billion and a PE ratio of 8.26. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.88 and a current ratio of 4.96. Manulife Financial has a twelve month low of C$18.33 and a twelve month high of C$25.18.

In related news, Senior Officer Scott Hartz sold 18,151 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$23.11, for a total transaction of C$419,469.61. Following the sale, the insider now owns 51,128 shares of the company’s stock, valued at C$1,181,568.08. Also, Senior Officer Steve Finch sold 14,256 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$23.55, for a total value of C$335,764.44. Following the sale, the insider now directly owns 6,214 shares in the company, valued at approximately C$146,355.24. In the last three months, insiders have sold 34,369 shares of company stock worth $801,444.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity lifted their price target on Manulife Financial from C$30.00 to C$31.00 in a report on Monday, April 29th. CIBC lifted their price target on Manulife Financial from C$26.50 to C$27.00 in a report on Friday, May 3rd. National Bank Financial lifted their price target on Manulife Financial from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Desjardins lifted their price target on Manulife Financial from C$27.00 to C$28.00 in a report on Monday, April 15th. Finally, Morgan Stanley lifted their price target on Manulife Financial from C$25.00 to C$26.00 in a report on Friday, May 3rd.

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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Earnings History for Manulife Financial (TSE:MFC)

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