Manulife Financial Corporation with ticker code (MFC) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 21.65 and 18.66 with the average target price sitting at $20.40. Given that the stocks previous close was at $19.48 this would indicate that there is a potential upside of 4.7%. Also worth taking note is the 50 day moving average now sits at $19.00 and the 200 day MA is $17.93. The company has a market capitalization of $36,161m. You can visit the company’s website by visiting: https://www.manulife.com
The potential market cap would be $37,868m based on the market consensus.
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
The company has a dividend yield of 5.46% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 7.07, revenue per share of 8 and a 0.72% return on assets.
