Manulife Financial Corp (MFC) Earns News Sentiment Rating of 0.09
Media stories about Manulife Financial Corp (NYSE:MFC) (TSE:MFC) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manulife Financial Corp earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.7514423525397 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Critical Comparison: Manulife Financial Corp (MFC) vs. Its Peers (americanbankingnews.com)
- Manulife Financial Corp (MFC) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Zacks Investment Research Lowers Manulife Financial Corp (MFC) to Hold (americanbankingnews.com)
- Sun Life Financial (SLF) & Manulife Financial Corp (MFC) Critical Comparison (americanbankingnews.com)
Shares of Manulife Financial Corp (MFC) traded down 0.60% on Friday, reaching $19.91. The company’s stock had a trading volume of 1,771,109 shares. The company has a 50 day moving average price of $19.89 and a 200 day moving average price of $18.52. Manulife Financial Corp has a 52-week low of $13.53 and a 52-week high of $20.84. The company has a market cap of $39.38 billion, a P/E ratio of 13.61 and a beta of 1.30.
Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $12.34 billion for the quarter, compared to analyst estimates of $16.09 billion. During the same period in the previous year, the business posted $0.40 EPS. On average, analysts anticipate that Manulife Financial Corp will post $1.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.1621 per share. This represents a $0.65 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, August 18th. This is an increase from Manulife Financial Corp’s previous quarterly dividend of $0.15. Manulife Financial Corp’s dividend payout ratio (DPR) is presently 47.83%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Manulife Financial Corp from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded Manulife Financial Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, ValuEngine downgraded Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.33.
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About Manulife Financial Corp
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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