These Numbers Show Favorable Signs for Manulife Financial Corp (MFC)

Manulife Financial Corp (NYSE: MFC) is 45.38% higher on its value in year-to-date trading and has touched a low of $19.20 and a high of $33.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MFC stock was last observed hovering at around $31.89 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $32.13, the stock is 0.79% and 4.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.75% at the moment leaves the stock 20.15% off its SMA200. MFC registered 66.48% gain for a year compared to 6-month gain of 23.77%. The firm has a 50-day simple moving average (SMA 50) of $30.6612 and a 200-day simple moving average (SMA200) of $26.74065.

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The stock witnessed a 7.24% loss in the last 1 month and extending the period to 3 months gives it a 16.37%, and is -1.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.49% over the week and 1.91% over the month.

Manulife Financial Corp (MFC) has around 38000 employees, a market worth around $56.29B and $40.90B in sales. Current P/E ratio is 15.44 and Fwd P/E is 11.08. Profit margin for the company is 9.15%. Distance from 52-week low is 67.34% and -2.84% from its 52-week high. The company has generated returns on investments over the last 12 months (8.05%).

The EPS is expected to grow by 5.05% this year.

Manulife Financial Corp (MFC) Top Institutional Holders

1025.0 institutions hold shares in Manulife Financial Corp (MFC), with institutional investors hold 58.83% of the company’s shares. The shares outstanding are 1.81B, and float is at 1.75B with Short Float at 0.45%. Institutions hold 58.81% of the Float.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 160.69 million shares valued at $4.28 billion. The investor’s holdings represent 8.9027% of the MFC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 73.26 million shares valued at $1.95 billion to account for 4.0587 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 53.06 million shares representing 2.9399% and valued at over $1.41 billion, while TD ASSET MANAGEMENT INC holds 1.8931 of the shares totaling 34.17 million with a market value of $909.75 million.