Manulife Financial (TSE:MFC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$47.32 and traded as high as C$48.06. Manulife Financial shares last traded at C$47.80, with a volume of 9,013,307 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MFC shares. Barclays lifted their price target on Manulife Financial from C$49.00 to C$52.00 in a research report on Friday, January 9th. Desjardins set a C$55.00 price objective on shares of Manulife Financial and gave the company a “buy” rating in a report on Thursday, December 18th. TD Securities lowered their target price on shares of Manulife Financial from C$60.00 to C$59.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Royal Bank Of Canada raised their target price on Manulife Financial from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group boosted their price objective on Manulife Financial from C$54.00 to C$58.00 in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$55.63.

Manulife Financial Stock Up 1.3%

The company has a current ratio of 2.12, a quick ratio of 2.58 and a debt-to-equity ratio of 28.80. The stock’s 50-day moving average is C$50.53 and its 200-day moving average is C$47.35. The company has a market cap of C$79.63 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.01 and a beta of 0.99.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its earnings results on Wednesday, February 11th. The financial services provider reported C$1.12 EPS for the quarter. The firm had revenue of C$22.03 billion for the quarter. Manulife Financial had a net margin of 10.91% and a return on equity of 11.34%. On average, analysts anticipate that Manulife Financial Co. will post 3.6104452 earnings per share for the current fiscal year.

Manulife Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.94 dividend on an annualized basis and a yield of 4.1%. Manulife Financial’s dividend payout ratio is presently 57.33%.

Manulife Financial Company Profile

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.