Manulife Financial Corp. (MFC) Insider Acquires 421492 Shares of Stock

Marco Green
October 12, 2017

The P/E ratio gives investors an idea of what the market is willing to pay for the company's earnings. The stock rose 0.92% or $1.01 reaching $110.87. About 884,136 shares traded. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 136,364 shares in the quarter, for a total of 22.07 million shares, and has risen its stake in F5 Networks Inc (NASDAQ:FFIV). It has underperformed by 16.70% the S&P500. Wells Fargo & Company MN boosted its position in shares of Manulife Financial Corp by 1.3% during the 2nd quarter. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. California State Teachers Retirement Systems accumulated 89,254 shares or 0.05% of the stock.

About 6.94 million shares traded. Dundee Securities maintained Manulife Financial Corp. It has outperformed by 7.30% the S&P500. The share last price represents downtick move of -4.23% in value from company's 52-Week high price and shows 41.66% above change in value from its 52-Week low price. Causeway Capital Management LLC now owns 15,761,517 shares of the financial services provider's stock worth $279,609,000 after buying an additional 10,447,098 shares during the last quarter. Therefore 67% are positive. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The firm has "Sector Perform" rating by IBC given on Thursday, August 4. The ex-dividend date of this dividend was Friday, August 18th. BMO Capital Markets maintained the shares of BBT in report on Tuesday, October 3 with "Hold" rating.

Manulife Financial (TSE:MFC) just had their share rating of a "Outperform" issued by research analysts at BMO Capital Markets, who now has a $30.00 target on the $51.26B market cap company or a 15.87 % upside potential. The stock has "Buy" rating by Bank of America on Wednesday, August 24.

Let's take a look at some historical average volume information on shares of Manulife Financial Corp (MFC). At the time of writing, Manulife Financial Corporation (MFC-PC.TO) has a 14-day ATR of 0.20. Continues Asian Focus With John Hancock Spin-Off Rumours" published on July 25, 2017 as well as Fool.ca's news article titled: "Buy Manulife Financial Corp.

Analysts await Manulife Financial Corporation (USA) (NYSE:MFC) to report earnings on November, 9. MFC's profit would be $874.71M giving it 11.82 P/E if the $0.44 EPS is correct. After $2.64 actual EPS reported by Cooper Companies Inc for the previous quarter, Wall Street now forecasts 0.38% EPS growth.

More notable recent Casey's General Stores Inc (NASDAQ:CASY) news were published by: Fool.com which released: "Casey's General: The raw numbers" on September 06, 2017, also Nasdaq.com with their article: "Casey's General Stores Inc". The stock saw a rise in short interest of 24.02% as of the latest report on August 31, 2017. Finally, Bridgewater Associates LP bought a new stake in Manulife Financial Corp during the 2nd quarter worth approximately $7,131,000.

Since June 6, 2017, it had 0 buys, and 3 sales for $12.21 million activity. Andra AP fonden now owns 178,400 shares of the financial services provider's stock valued at $3,347,000 after purchasing an additional 16,400 shares in the last quarter. Renaissance Group LLC increased its holdings in Manulife Financial Corp by 3.6% during the 2nd quarter. Therefore 32% are positive. Cooper had 48 analyst reports since August 26, 2015 according to SRatingsIntel. As per Monday, March 7, the company rating was maintained by SunTrust. The stock has "Outperform" rating by CLSA on Friday, September 23. On Friday, July 31 the stock rating was upgraded by Evercore to "Buy". The firm earned "Outperform" rating on Friday, November 13 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Monday, August 28 with "Hold". As of the latest earnings report the EPS was $1.51 and is estimated to be $1.79 for the current year with 1,978,084,000 shares presently outstanding.

As of quarter end Addenda Capital Inc. had acquired 230,290 shares growing its position 7.3%.

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