Currently, there are 1.76B common shares owned by the public and among those 1.75B shares have been available to trade.
The company’s stock has a 5-day price change of -0.62% and 4.84% over the past three months. MFC shares are trading 38.19% year to date (YTD), with the 12-month market performance up to 39.45% higher. It has a 12-month low price of $20.78 and touched a high of $33.07 over the same period. MFC has an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.20%, -1.71%, and 12.14% respectively.
Institutional ownership of Manulife Financial Corp (NYSE: MFC) shares accounts for 52.05% of the company’s 1.76B shares outstanding.
It has a market capitalization of $53.50B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 14.67, while the earnings-per-share (ttm) stands at $2.08. The company has a PEG of 5.17 and the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.39% over the week and 1.66% over the month.
Analysts forecast that Manulife Financial Corp (MFC) will achieve an EPS of 0.94 for the current quarter, 0.99 for the next quarter and 4.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.9 while analysts give the company a high EPS estimate of 0.9. Comparatively, EPS for the current quarter was 0.92 a year ago. Earnings per share for the fiscal year are expected to increase by 4.73%, and 7.46% over the next financial year. EPS should grow at an annualized rate of 2.84% over the next five years, compared to 1.48% over the past 5-year period.
Credit Suisse on their part issued Neutral rating on January 12, 2023.
