Manulife Financial Corp (NYSE: MFC) is -0.75% 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 $30.02 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $30.48, the stock is 1.77% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 1.53% at the moment leaves the stock 5.39% off its SMA200. MFC registered 26.21% gain for a year compared to 6-month gain of 7.70%. The firm has a 50-day simple moving average (SMA 50) of $30.0718 and a 200-day simple moving average (SMA200) of $28.921.
The stock witnessed a 1.57% loss in the last 1 month and extending the period to 3 months gives it a -1.45%, and is 4.21% 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 2.64% over the week and 2.84% over the month.
Manulife Financial Corp (MFC) has around 37000 employees, a market worth around $52.52B and $39.34B in sales. Current P/E ratio is 14.67 and Fwd P/E is 9.55. Profit margin for the company is 9.40%. Distance from 52-week low is 34.81% and -7.83% 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
1077.0 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 2.65%. Institutions hold 56.55% 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.
