Traders purchased shares of Manulife Financial Corp. (NYSE:MFC) on weakness during trading hours on Thursday. $23.56 million flowed into the stock on the tick-up and $3.04 million flowed out of the stock on the tick-down, for a money net flow of $20.52 million into the stock. Of all stocks tracked, Manulife Financial Corp. had the 19th highest net in-flow for the day. Manulife Financial Corp. traded down ($0.04) for the day and closed at $13.61

A number of research firms have recently issued reports on MFC. Canaccord Genuity restated a “hold” rating on shares of Manulife Financial Corp. in a research note on Friday, May 13th. Zacks Investment Research downgraded Manulife Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. TheStreet upgraded Manulife Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $24.00 price target (up from $21.00) on shares of Manulife Financial Corp. in a research note on Thursday, March 31st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.31.

The firm has a market cap of $26.84 billion and a price-to-earnings ratio of 14.83. The company’s 50 day moving average price is $13.69 and its 200-day moving average price is $13.79.

Manulife Financial Corp. (NYSE:MFC) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. During the same period last year, the company earned $0.39 EPS. Equities analysts predict that Manulife Financial Corp. will post $1.41 EPS for the current year.

Several institutional investors have modified their holdings of MFC. Flippin Bruce & Porter Inc. increased 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 worth $1,788,000 after buying an additional 2,800 shares during the last quarter. I.G. Investment Management LTD. increased its position in shares of 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 during the last quarter. Eaton Vance Management increased 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 worth $1,036,000 after buying an additional 592 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of 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 during 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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