Manulife Financial Corp (NYSE: MFC) is -6.35% 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 $28.04 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $28.76, the stock is -3.88% and -3.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 2.57% at the moment leaves the stock -1.81% off its SMA200. MFC registered 21.30% gain for a year compared to 6-month loss of -4.42%. The firm has a 50-day simple moving average (SMA 50) of $29.883 and a 200-day simple moving average (SMA200) of $29.2891.
The stock witnessed a -2.41% gain in the last 1 month and extending the period to 3 months gives it a -2.64%, and is 4.93% 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 6.23% over the week and 3.80% over the month.
Manulife Financial Corp (MFC) has around 37000 employees, a market worth around $49.56B and $39.34B in sales. Current P/E ratio is 13.85 and Fwd P/E is 9.09. Profit margin for the company is 9.40%. Distance from 52-week low is 27.20% and -13.03% 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 6.24% this year, but quarterly earnings will post 41.52% year-over-year.
Manulife Financial Corp (MFC) Top Institutional Holders
1058.0 institutions hold shares in Manulife Financial Corp (MFC), with institutional investors hold 55.76% of the company’s shares. The shares outstanding are 1.73B, and float is at 1.72B with Short Float at 0.36%. Institutions hold 55.75% 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.
Manulife Financial Corp (MFC) Insider Activity
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