Manulife Financial Corp. (NYSE:MFC) gapped up prior to trading on Friday . The stock had previously closed at $13.66, but opened at $13.67. Manulife Financial Corp. shares last traded at $13.71, with a volume of 1,653,123 shares traded.

Several brokerages have recently weighed in on MFC. Canaccord Genuity reaffirmed a “hold” rating on shares of Manulife Financial Corp. in a research report on Monday, June 13th. TD Securities reaffirmed a “hold” rating and issued a $19.00 target price on shares of Manulife Financial Corp. in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Manulife Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. CIBC downgraded Manulife Financial Corp. from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, August 4th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $19.00 target price (down previously from $20.00) on shares of Manulife Financial Corp. in a research report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Manulife Financial Corp. presently has a consensus rating of “Buy” and a consensus price target of $21.00.

The stock has a market cap of $27.05 billion and a PE ratio of 13.92. The stock’s 50 day moving average is $13.48 and its 200 day moving average is $13.82.

Manulife Financial Corp. (NYSE:MFC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities analysts expect that Manulife Financial Corp. will post $1.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Tuesday, August 16th will be paid a $0.141 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.56 dividend on an annualized basis and a yield of 4.11%.

A hedge fund recently raised its stake in Manulife Financial Corp. stock. Eaton Vance Management increased its position in shares of Manulife Financial Corp. (NYSE:MFC) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,188 shares of the company’s stock after buying an additional 592 shares during the period. Eaton Vance Management’s holdings in Manulife Financial Corp. were worth $1,036,000 at the end of the most recent 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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