Manulife Financial Corp. (NYSE:MFC)’s share price fell 4.9% on Thursday . The company traded as low as $12.94 and last traded at $13.07, with a volume of 2,540,909 shares. The stock had previously closed at $13.75.

A number of brokerages have weighed in on MFC. Zacks Investment Research raised shares of Manulife Financial Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Canaccord Genuity reaffirmed a “hold” rating on shares of Manulife Financial Corp. in a research note on Monday, June 13th. CIBC downgraded shares of Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday. TheStreet raised shares of Manulife Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Finally, Macquarie downgraded shares of Manulife Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.31.

The stock has a market capitalization of $25.66 billion and a PE ratio of 14.25. The stock’s 50-day moving average price is $13.62 and its 200 day moving average price is $13.81.

Manulife Financial Corp. (NYSE:MFC) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. During the same quarter last year, the company earned $0.44 EPS. On average, equities analysts forecast that Manulife Financial Corp. will post $1.43 EPS for the current year.

A number of large investors have recently made changes to their positions in MFC. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in shares of Manulife Financial Corp. by 2.6% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,697,335 shares of the company’s stock worth $70,134,000 after buying an additional 120,335 shares during the last quarter. Flippin Bruce & Porter Inc. increased its stake 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 stake 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 stake 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. Finally, Wells Fargo & Company MN increased its stake 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.

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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