FY2026 EPS Estimate for Manulife Financial Raised by Analyst

Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Stock analysts at Cormark lifted their FY2026 earnings estimates for shares of Manulife Financial in a research note issued to investors on Thursday, May 8th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $3.28 per share for the year, up from their previous estimate of $3.26. The consensus estimate for Manulife Financial’s current full-year earnings is $2.87 per share.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $1.49 billion during the quarter. Manulife Financial had a net margin of 10.08% and a return on equity of 15.98%. During the same quarter in the prior year, the company earned $0.94 earnings per share.

Several other brokerages have also recently issued reports on MFC. Scotiabank reissued an “outperform” rating on shares of Manulife Financial in a research note on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of Manulife Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $45.50.

Manulife Financial Stock Performance

Shares of MFC opened at $30.90 on Monday. The stock has a market capitalization of $52.92 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.11 and a beta of 1.00. The company’s fifty day moving average is $29.82 and its two-hundred day moving average is $30.47. Manulife Financial has a 1 year low of $23.30 and a 1 year high of $33.07.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Wednesday, May 21st will be issued a $0.3194 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, May 21st. This is an increase from Manulife Financial’s previous quarterly dividend of $0.31. Manulife Financial’s dividend payout ratio (DPR) is currently 63.35%.

Hedge Funds Weigh In On Manulife Financial

Large investors have recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC acquired a new stake in Manulife Financial in the 4th quarter valued at about $330,000. AEGON ASSET MANAGEMENT UK Plc grew its stake in Manulife Financial by 14.9% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider’s stock valued at $2,719,000 after acquiring an additional 11,509 shares during the last quarter. Geode Capital Management LLC grew its stake in Manulife Financial by 28.7% in the 4th quarter. Geode Capital Management LLC now owns 10,650,598 shares of the financial services provider’s stock valued at $333,291,000 after acquiring an additional 2,377,338 shares during the last quarter. Prudential Financial Inc. grew its stake in Manulife Financial by 60.4% in the 4th quarter. Prudential Financial Inc. now owns 36,200 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 13,638 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Manulife Financial by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,809,774 shares of the financial services provider’s stock valued at $55,578,000 after acquiring an additional 81,799 shares during the last quarter. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.