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

MFC has been the topic of a number of recent research reports. TheStreet upgraded shares of Manulife Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Canaccord Genuity restated 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 restated an “outperform” rating and set a $24.00 target price (up from $21.00) on shares of Manulife Financial Corp. in a research note on Thursday, March 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Manulife Financial Corp. has an average rating of “Buy” and an average price target of $21.31.

The firm’s 50 day moving average is $13.96 and its 200-day moving average is $13.83. The stock has a market capitalization of $27.08 billion and a price-to-earnings ratio of 14.88.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Tuesday, May 17th were given a dividend of $0.1476 per share. This is a positive change from Manulife Financial Corp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, May 13th. This represents a $0.59 dividend on an annualized basis and a yield of 4.30%.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Eaton Vance Management raised its position in Manulife Financial Corp. by 0.9% in the fourth quarter. Eaton Vance Management now owns 69,188 shares of the company’s stock worth $1,036,000 after buying an additional 592 shares in the last quarter. Comerica Bank raised its position in Manulife Financial Corp. by 4.0% in the fourth quarter. Comerica Bank now owns 111,697 shares of the company’s stock worth $1,500,000 after buying an additional 4,297 shares in the last quarter. Flippin Bruce & Porter Inc. raised its position in Manulife Financial Corp. by 2.4% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 119,375 shares of the company’s stock worth $1,788,000 after buying an additional 2,800 shares in the last quarter. Gulf International Bank UK Ltd raised its position in 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 worth $8,990,000 after buying an additional 10,850 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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