Manulife Financial Corp (NYSE: MFC) is -1.04% lower on its value in year-to-date trading and has touched a low of $21.54 and a high of $33.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MFC stock was last observed hovering at around $30.22 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $30.39, the stock is -0.27% and -2.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 0.56% at the moment leaves the stock 8.42% off its SMA200. MFC registered 39.08% gain for a year compared to 6-month gain of 17.34%. The firm has a 50-day simple moving average (SMA 50) of $31.1598 and a 200-day simple moving average (SMA200) of $28.03.
The stock witnessed a -1.46% loss in the last 1 month and extending the period to 3 months gives it a 2.01%, and is -0.13% 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 1.47% over the week and 1.52% over the month.
Manulife Financial Corp (MFC) has around 38000 employees, a market worth around $53.24B and $40.90B in sales. Current P/E ratio is 14.60 and Fwd P/E is 10.64. Profit margin for the company is 9.15%. Distance from 52-week low is 41.09% and -8.10% 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 3.25% this year, but quarterly earnings will post 41.10% year-over-year.
1037.0 institutions hold shares in Manulife Financial Corp (MFC), with institutional investors hold 59.89% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.75B with Short Float at 0.54%. Institutions hold 59.88% 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.
