Cormark Lowers Earnings Estimates for Manulife Financial

Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Research analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for Manulife Financial in a report issued on Tuesday, February 4th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $2.85 per share for the year, down from their prior estimate of $2.89. The consensus estimate for Manulife Financial’s current full-year earnings is $2.67 per share. Cormark also issued estimates for Manulife Financial’s FY2026 earnings at $3.08 EPS.

Manulife Financial Trading Up 1.4 %

Shares of NYSE:MFC opened at $29.71 on Wednesday. Manulife Financial has a 12-month low of $21.54 and a 12-month high of $33.07. The company has a market capitalization of $51.35 billion, a PE ratio of 14.35, a PEG ratio of 1.04 and a beta of 1.09. The business has a 50 day moving average of $30.85 and a two-hundred day moving average of $29.39.

Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a return on equity of 16.11% and a net margin of 9.79%. The company had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.73 billion. During the same period in the previous year, the company posted $0.69 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. National Bank of Canada FI increased its position in shares of Manulife Financial by 13.5% in the third quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock valued at $829,374,000 after buying an additional 3,329,892 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Manulife Financial by 8.1% in the third quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock valued at $247,473,000 after buying an additional 616,517 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Manulife Financial by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider’s stock valued at $153,455,000 after buying an additional 158,216 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Manulife Financial by 5.1% in the fourth quarter. Alberta Investment Management Corp now owns 4,896,049 shares of the financial services provider’s stock valued at $150,333,000 after buying an additional 236,808 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Manulife Financial by 1.8% in the third quarter. The Manufacturers Life Insurance Company now owns 2,035,663 shares of the financial services provider’s stock valued at $60,202,000 after buying an additional 36,838 shares in the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.

About Manulife Financial

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.