Manulife Financial Corp (NYSE: MFC) is -7.49% 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 $29.25 in the last trading session, with the day’s loss setting it -0.84%.
Currently trading at $28.41, the stock is -5.00% and -5.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -2.87% at the moment leaves the stock -1.49% off its SMA200. MFC registered 19.32% gain for a year compared to 6-month gain of 3.46%. The firm has a 50-day simple moving average (SMA 50) of $30.1212 and a 200-day simple moving average (SMA200) of $28.84085.
The stock witnessed a -4.05% loss in the last 1 month and extending the period to 3 months gives it a -11.02%, and is -3.27% 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 2.57% over the week and 2.69% over the month.
Manulife Financial Corp (MFC) has around 37000 employees, a market worth around $48.96B and $39.34B in sales. Current P/E ratio is 13.68 and Fwd P/E is 8.90. Profit margin for the company is 9.40%. Distance from 52-week low is 25.65% and -14.09% 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 6.51% this year, but quarterly earnings will post 41.52% year-over-year.
1079.0 institutions hold shares in Manulife Financial Corp (MFC), with institutional investors hold 56.56% of the company’s shares. The shares outstanding are 1.73B, and float is at 1.72B with Short Float at 0.65%. Institutions hold 56.56% 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 1.9058 of the shares totaling 34.17 million with a market value of $909.75 million.
