Manulife Financial Corp (NYSE: MFC) is 0.00% lower on its value in year-to-date trading and has touched a low of $23.27 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 $30.50 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $30.71, the stock is 4.94% and 2.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 0.69% at the moment leaves the stock 4.36% off its SMA200. MFC registered 31.41% gain for a year compared to 6-month gain of 2.43%. The firm has a 50-day simple moving average (SMA 50) of $29.8394 and a 200-day simple moving average (SMA200) of $29.42725.
The stock witnessed a -0.16% loss in the last 1 month and extending the period to 3 months gives it a 1.62%, and is 5.06% 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 1.71% over the week and 3.79% over the month.
Manulife Financial Corp (MFC) has around 37000 employees, a market worth around $52.92B and $39.34B in sales. Current P/E ratio is 14.79 and Fwd P/E is 9.74. Profit margin for the company is 9.40%. Distance from 52-week low is 31.97% and -7.14% 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 6.09% this year.
Manulife Financial Corp (MFC) Top Institutional Holders
1064.0 institutions hold shares in Manulife Financial Corp (MFC), with institutional investors hold 56.31% of the company’s shares. The shares outstanding are 1.73B, and float is at 1.72B with Short Float at 0.33%. Institutions hold 56.30% 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 4.0858 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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