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HomeMarketResultsManulife Financial Co. (NYSE:MFC) Sees Large Decline in Short Interest

Manulife Financial Co. (NYSE:MFC) Sees Large Decline in Short Interest


Manulife Monetary Co. (NYSE:MFCGet Rating) (TSE:MFC) was the recipient of a giant drop briefly curiosity in the course of the month of December. As of December fifteenth, there was quick curiosity totalling 25,450,000 shares, a drop of 21.3% from the November thirtieth complete of 32,320,000 shares. Roughly 1.4% of the shares of the corporate are quick bought. Primarily based on a median day by day quantity of three,730,000 shares, the days-to-cover ratio is at present 6.8 days.

Analyst Upgrades and Downgrades

A number of equities analysts lately commented on MFC shares. StockNews.com began protection on shares of Manulife Monetary in a analysis report on Wednesday, October twelfth. They issued a “maintain” ranking for the corporate. Nationwide Financial institution Monetary decreased their worth goal on shares of Manulife Monetary from C$25.00 to C$24.00 in a analysis report on Friday, October twenty eighth. Lastly, Barclays decreased their worth goal on shares of Manulife Monetary from C$30.00 to C$29.00 in a analysis report on Wednesday, October twelfth. 5 equities analysis analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the corporate. In response to MarketBeat.com, Manulife Monetary at present has a median ranking of “Maintain” and a median worth goal of $28.86.

Institutional Traders Weigh In On Manulife Monetary

A variety of hedge funds and different institutional traders have lately made modifications to their positions within the firm. M Holdings Securities Inc. acquired a brand new stake in Manulife Monetary within the third quarter valued at $158,000. Captrust Monetary Advisors grew its stake in Manulife Monetary by 43.6% within the third quarter. Captrust Monetary Advisors now owns 87,738 shares of the monetary companies supplier’s inventory valued at $1,375,000 after buying an extra 26,645 shares in the course of the interval. Baird Monetary Group Inc. grew its stake in Manulife Monetary by 7.7% within the third quarter. Baird Monetary Group Inc. now owns 11,716 shares of the monetary companies supplier’s inventory valued at $184,000 after buying an extra 836 shares in the course of the interval. Mather Group LLC. acquired a brand new stake in Manulife Monetary within the third quarter valued at $197,000. Lastly, United Companies Car Affiliation grew its stake in Manulife Monetary by 8.3% within the third quarter. United Companies Car Affiliation now owns 94,498 shares of the monetary companies supplier’s inventory valued at $1,484,000 after buying an extra 7,248 shares in the course of the interval. Institutional traders and hedge funds personal 43.42% of the corporate’s inventory.

Manulife Monetary Worth Efficiency

MFC traded down $0.12 throughout buying and selling on Friday, reaching $17.84. 2,084,394 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of three,092,179. The inventory has a market capitalization of $33.60 billion, a P/E ratio of 6.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15. Manulife Monetary has a 1 yr low of $14.92 and a 1 yr excessive of $22.19. The corporate’s fifty day easy shifting common is $17.40 and its 200-day easy shifting common is $17.28.

Manulife Monetary (NYSE:MFCGet Rating) (TSE:MFC) final issued its quarterly earnings knowledge on Wednesday, November ninth. The monetary companies supplier reported $0.51 EPS for the quarter, lacking analysts’ consensus estimates of $0.53 by ($0.02). The agency had income of $5.96 billion for the quarter, in comparison with analyst estimates of $11.51 billion. Equities analysts forecast that Manulife Monetary will put up 2.27 EPS for the present yr.

Manulife Monetary Cuts Dividend

The corporate additionally lately disclosed a quarterly dividend, which was paid on Monday, December nineteenth. Stockholders of file on Tuesday, November twenty second have been paid a dividend of $0.242 per share. The ex-dividend date of this dividend was Monday, November twenty first. This represents a $0.97 dividend on an annualized foundation and a dividend yield of 5.43%. Manulife Monetary’s payout ratio is 32.99%.

About Manulife Monetary

(Get Rating)

Manulife Monetary Company, along with its subsidiaries, supplies monetary services in Asia, Canada, the US, and internationally. The corporate operates by Wealth and Asset Administration Companies; Insurance coverage and Annuity Merchandise; And Company and Different segments. The Wealth and Asset Administration Companies section supplies mutual funds and exchange-traded funds, group retirement and financial savings merchandise, and institutional asset administration companies by brokers and brokers affiliated with the corporate, securities brokerage companies, and monetary advisors pension plan consultants and banks.

Beneficial Tales

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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