Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Manulife Financial (MFC) Stock Price

News coverage about Manulife Financial (NYSE:MFC) (TSE:MFC) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manulife Financial earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.5058121156272 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of brokerages have recently commented on MFC. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, January 2nd. ValuEngine cut shares of Manulife Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 18th. Finally, Morgan Stanley raised their price objective on shares of Manulife Financial from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Manulife Financial presently has an average rating of “Buy” and an average target price of $25.00.

Shares of Manulife Financial (MFC) traded up $0.29 during midday trading on Thursday, hitting $21.68. 2,693,824 shares of the stock were exchanged, compared to its average volume of 2,276,059. The firm has a market cap of $42,960.00, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. Manulife Financial has a twelve month low of $16.62 and a twelve month high of $21.76.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were paid a dividend of $0.1606 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.96%. Manulife Financial’s payout ratio is 44.14%.

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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 (NYSE:MFC)

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