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

Manulife Financial Corp (MFC) concluded trading on Thursday at a closing price of $30.77, with 2.82 million shares of worth about $86.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.21% during that period and on February 27, 2025 the price saw a loss of about -0.10%. Currently the company’s common shares owned by public are about 1.73B shares, out of which, 1.72B shares are available for trading.

Stock saw a price change of -3.30% in past 5 days and over the past one month there was a price change of 1.82%. Year-to-date (YTD), MFC shares are showing a performance of 0.20% which increased to 27.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.61 but also hit the highest price of $33.07 during that period. The average intraday trading volume for Manulife Financial Corp shares is 2.08 million. The stock is currently trading 2.18% above its 20-day simple moving average (SMA20), while that difference is up 1.39% for SMA50 and it goes to 7.29% higher than SMA200.

Manulife Financial Corp (NYSE: MFC) currently have 1.73B outstanding shares and institutions hold larger chunk of about 51.54% of that.

The stock has a current market capitalization of $53.02B and its 3Y-monthly beta is at 1.03. 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 1.88 while making debt-to-equity ratio of 0.28. 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 2.47% while standing at 2.09% over the month.

Stock’s fiscal year EPS is expected to rise by 6.58% while it is estimated to increase by 9.61% in next year. EPS is likely to grow at an annualized rate of 7.89% for next 5-years, compared to annual growth of -0.08% 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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