Better Times Ahead For Manulife Financial Corp (NYSE: MFC)?

Manulife Financial Corp (MFC) concluded trading on Wednesday at a closing price of $32.29, with 3.54 million shares of worth about $114.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.06% during that period and on December 04, 2024 the price saw a gain of about 0.69%. Currently the company’s common shares owned by public are about 1.76B shares, out of which, 1.75B shares are available for trading.

Stock saw a price change of 1.38% in past 5 days and over the past one month there was a price change of 8.72%. Year-to-date (YTD), MFC shares are showing a performance of 46.11% which increased to 62.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.53 but also hit the highest price of $33.07 during that period. The average intraday trading volume for Manulife Financial Corp shares is 1.80 million. The stock is currently trading 0.12% above its 20-day simple moving average (SMA20), while that difference is up 4.64% for SMA50 and it goes to 20.24% higher than SMA200.

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Manulife Financial Corp (NYSE: MFC) currently have 1.76B outstanding shares and institutions hold larger chunk of about 52.08% of that.

The stock has a current market capitalization of $56.57B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 15.52, while it has posted earnings per share of $2.08 in the same period. Its PEG reads 5.46 while making debt-to-equity ratio of 0.27. 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 1.35% while standing at 1.84% over the month.

Stock’s fiscal year EPS is expected to rise by 5.03% while it is estimated to increase by 7.47% 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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