Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) Director Rocco Gori purchased 60,694 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80.

Shares of Manulife Financial Corp. (MFC) opened at C$26.78 on Thursday. Manulife Financial Corp. has a 12-month low of C$22.39 and a 12-month high of C$27.54.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were given a $0.205 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.06%. Manulife Financial’s dividend payout ratio is currently 43.96%.

MFC has been the topic of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a C$30.00 price target on shares of Manulife Financial in a research report on Wednesday, October 11th. CSFB boosted their price target on Manulife Financial from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. National Bank Financial boosted their price target on Manulife Financial from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. Royal Bank of Canada boosted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Scotiabank boosted their price target on Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Manulife Financial currently has an average rating of “Buy” and a consensus target price of C$28.83.

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Manulife Financial Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Insider Buying and Selling by Quarter for Manulife Financial (TSE:MFC)

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