Manulife Financial Corp (NYSE: MFC) is -0.29% lower on its value in year-to-date trading and has touched a low of $22.61 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 $31.16 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $30.62, the stock is 1.46% and 0.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.44 million and changing -1.73% at the moment leaves the stock 6.58% off its SMA200. MFC registered 28.98% gain for a year compared to 6-month gain of 12.16%.
The stock witnessed a 0.29% loss in the last 1 month and extending the period to 3 months gives it a -3.86%, and is 1.63% up 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 2.15% over the week and 2.22% over the month.
Manulife Financial Corp (MFC) has around 37000 employees, a market worth around $52.76B and $39.34B in sales. Current P/E ratio is 14.74 and Fwd P/E is 9.58. Profit margin for the company is 9.40%. Distance from 52-week low is 35.43% and -7.41% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).
The EPS is expected to grow by 6.64% this year, but quarterly earnings will post 41.52% year-over-year.
Manulife Financial Corp (MFC) Top Institutional Holders
The shares outstanding are 1.73B, and float is at 1.72B with Short Float at 0.65%.
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 1.9058 of the shares totaling 34.17 million with a market value of $909.75 million.
Manulife Financial Corp (MFC) Insider Activity
A total of 0 insider transactions have happened at Manulife Financial Corp (MFC) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Manulife Financial Corp (MFC): Who are the competitors?
The company’s main competitors (and peers) include Aegon Ltd. ADR (AEG) that is trading 14.59% up over the past 12 months. Fairfax Financial Holdings Ltd. (FRFHF) that is 31.18% higher over the same period.
