Manulife Financial Corp. (NYSE: MFC) Not A Good Play Anymore?

Manulife Financial Corp. (MFC) concluded trading on Thursday at a closing price of $29.63, with 7.49 million shares of worth about $221.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.15% during that period and on September 26, 2024 the price saw a gain of about 1.72%. Currently the company’s common shares owned by public are about 1.81B shares, out of which, 1.78B shares are available for trading.

Stock saw a price change of 2.63% in past 5 days and over the past one month there was a price change of 8.14%. Year-to-date (YTD), MFC shares are showing a performance of 34.07% which increased to 60.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.07 but also hit the highest price of $29.39 during that period. The average intraday trading volume for Manulife Financial Corp. shares is 1.99 million. The stock is currently trading 5.81% above its 20-day simple moving average (SMA20), while that difference is up 10.96% for SMA50 and it goes to 20.22% higher than SMA200.

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Manulife Financial Corp. (NYSE: MFC) currently have 1.81B outstanding shares and institutions hold larger chunk of about 52.74% of that.

The stock has a current market capitalization of $52.69B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 17.05, while it has posted earnings per share of $1.74 in the same period. Its PEG reads 6.00 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MFC, volatility over the week remained 1.38% while standing at 1.56% over the month.

Stock’s fiscal year EPS is expected to rise by 5.77% while it is estimated to increase by 8.12% in next year. EPS is likely to grow at an annualized rate of 2.84% for next 5-years, compared to annual growth of 1.48% made by the stock over the past 5-years.

Stock get a Neutral rating from Credit Suisse on January 12, 2023.

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