Manulife Financial Corp. (NYSE:MFC)’s share price was up 2.7% during mid-day trading on Thursday . The stock traded as high as $13.86 and last traded at $13.85, with a volume of 994,049 shares. The stock had previously closed at $13.48.

Several equities analysts have issued reports on MFC shares. TheStreet raised Manulife Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Canaccord Genuity reiterated a “hold” rating on shares of Manulife Financial Corp. in a research note on Monday, March 21st. Zacks Investment Research upgraded shares of Manulife Financial Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $24.00 target price (up previously from $21.00) on shares of Manulife Financial Corp. in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Manulife Financial Corp. currently has a consensus rating of “Buy” and a consensus price target of $21.31.

The stock has a market capitalization of $27.14 billion and a PE ratio of 14.91. The company’s 50 day moving average price is $14.03 and its 200 day moving average price is $13.84.

Manulife Financial Corp. (NYSE:MFC) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. During the same period last year, the firm posted $0.39 earnings per share. Analysts forecast that Manulife Financial Corp. will post $1.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Tuesday, May 17th were issued a $0.1476 dividend. The ex-dividend date of this dividend was Friday, May 13th. This is a boost from Manulife Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.59 annualized dividend and a dividend yield of 4.29%.

Several institutional investors recently modified their holdings of the stock. Eaton Vance Management boosted its position in shares of Manulife Financial Corp. by 0.9% in the fourth quarter. Eaton Vance Management now owns 69,188 shares of the company’s stock valued at $1,036,000 after buying an additional 592 shares during the period. Comerica Bank boosted its position in shares of Manulife Financial Corp. by 4.0% in the fourth quarter. Comerica Bank now owns 111,697 shares of the company’s stock valued at $1,500,000 after buying an additional 4,297 shares during the period. Flippin Bruce & Porter Inc. boosted its position in shares of Manulife Financial Corp. by 2.4% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 119,375 shares of the company’s stock valued at $1,788,000 after buying an additional 2,800 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Manulife Financial Corp. by 1.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 599,387 shares of the company’s stock valued at $8,990,000 after buying an additional 10,850 shares during the period. Finally, Heathbridge Capital Management Ltd. boosted its position in shares of Manulife Financial Corp. by 0.8% in the fourth quarter. Heathbridge Capital Management Ltd. now owns 1,451,300 shares of the company’s stock valued at $23,258,000 after buying an additional 11,300 shares during the period.

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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