What is Desjardins’ Forecast for TSE:MFC FY2027 Earnings?

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Research analysts at Desjardins issued their FY2027 earnings estimates for shares of Manulife Financial in a report released on Tuesday, October 14th. Desjardins analyst D. Young anticipates that the financial services provider will post earnings per share of $4.75 for the year. Desjardins has a “Buy” rating and a $52.00 price objective on the stock. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

Other equities research analysts have also issued reports about the stock. Barclays lifted their price target on shares of Manulife Financial from C$47.00 to C$48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of Manulife Financial from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. National Bankshares decreased their price target on shares of Manulife Financial from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, TD Securities lifted their price target on shares of Manulife Financial from C$50.00 to C$54.00 in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$48.89.

Manulife Financial Trading Down 1.5%

Shares of Manulife Financial stock opened at C$44.50 on Thursday. The firm has a market capitalization of C$75.19 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.01 and a beta of 0.93. The firm’s 50 day moving average is C$43.08 and its 200 day moving average is C$42.68. Manulife Financial has a 1 year low of C$36.93 and a 1 year high of C$46.42.

Insiders Place Their Bets

In other Manulife Financial news, insider Paul Lorentz sold 178,425 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$41.90, for a total transaction of C$7,476,007.50. Following the sale, the insider directly owned 79,930 shares of the company’s stock, valued at C$3,349,067. The trade was a 69.06% decrease in their position. Over the last 90 days, insiders have sold 179,582 shares of company stock worth $7,516,321. Insiders own 0.03% of the company’s stock.

Manulife Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Manulife Financial’s payout ratio is presently 54.19%.

About Manulife Financial

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.