Is Manulife Financial Corp (NYSE: MFC) Proving The Doubters Wrong?

Manulife Financial Corp (MFC) concluded trading on Thursday at a closing price of $30.82, with 1.38 million shares of worth about $42.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.40% during that period and on December 12, 2024 the price saw a loss of about -2.16%. 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 -5.31% in past 5 days and over the past one month there was a price change of -5.23%. Year-to-date (YTD), MFC shares are showing a performance of 39.46% which increased to 47.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.67 but also hit the highest price of $33.07 during that period. The average intraday trading volume for Manulife Financial Corp shares is 1.91 million. The stock is currently trading -4.12% below its 20-day simple moving average (SMA20), while that difference is down -1.00% for SMA50 and it goes to 13.79% higher than SMA200.

Manulife Financial Corp (NYSE: MFC) currently have 1.76B outstanding shares and institutions hold larger chunk of about 52.06% of that.

The stock has a current market capitalization of $53.99B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 14.81, while it has posted earnings per share of $2.08 in the same period. Its PEG reads 5.21 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 1.49% while standing at 1.56% over the month.

Stock’s fiscal year EPS is expected to rise by 4.94% 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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