Shares of Manulife Financial Corp. (NYSE:MFC) were down 1.4% on Wednesday . The stock traded as low as $12.69 and last traded at $12.98, with a volume of 2,026,508 shares trading hands. The stock had previously closed at $13.17.

A number of analysts recently commented on the stock. TheStreet raised shares of Manulife Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Canaccord Genuity reissued a “hold” rating on shares of Manulife Financial Corp. in a report on Monday, March 21st. Zacks Investment Research raised shares of Manulife Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $24.00 price objective (up previously from $21.00) on shares of Manulife Financial Corp. in a report on Thursday, March 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $21.31.

The stock’s 50 day moving average is $14.19 and its 200 day moving average is $13.90. The firm has a market cap of $25.68 billion and a P/E ratio of 14.06.

Manulife Financial Corp. (NYSE:MFC) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, analysts expect that Manulife Financial Corp. will post $1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Tuesday, May 17th were given a $0.1476 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change from Manulife Financial Corp.’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, May 13th.

Other institutional investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. raised its position in Manulife Financial Corp. by 0.4% in the fourth quarter. I.G. Investment Management LTD. now owns 50,568,231 shares of the company’s stock worth $758,345,000 after buying an additional 180,351 shares in the last quarter. Vanguard Group Inc. raised its position in Manulife Financial Corp. by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 27,997,795 shares of the company’s stock worth $419,407,000 after buying an additional 2,046,734 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Manulife Financial Corp. by 72,162.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 12,914,821 shares of the company’s stock worth $193,464,000 after buying an additional 12,896,949 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Manulife Financial Corp. by 2.0% in the fourth quarter. Mawer Investment Management Ltd. now owns 10,504,984 shares of the company’s stock worth $157,256,000 after buying an additional 204,041 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Manulife Financial Corp. by 266.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,994,851 shares of the company’s stock worth $74,823,000 after buying an additional 3,630,320 shares in the last quarter.

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

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