With 1.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.89 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $32.78 whereas the lowest price it dropped to was $32.39. The 52-week range on MFC shows that it touched its highest point at $33.07 and its lowest point at $18.91 during that stretch. It currently has a 1-year price target of $33.61. With its current market cap of 78.97 billion, MFC has annualized dividend of $1.17 while the current yield stands at 3.60%. Beta for the stock currently stands at 1.08.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MFC was down-trending over the past week, with a drop of -0.58%, but this was up by 8.31% over a month. Three-month performance surged to 19.46% while six-month performance rose 22.34%. The stock gained 70.45% in the past year, while it has gained 46.92% so far this year. A look at the trailing 12-month EPS for MFC yields 2.08 with Next year EPS estimates of 2.90. For the next quarter, that number is 0.67. This implies an EPS growth rate of 5.05% for this year and 7.39% for next year. EPS is expected to grow by 2.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.48%.
Float and Shares Shorts:
At present, 1.81 billion MFC shares are outstanding with a float of 1.75 billion shares on hand for trading. On 2024-10-31, short shares totaled 9.26 million, which was 92.0 higher than short shares on 1727654400. In addition to Mr. Roy Gori as the firm’s President, CEO & Director, Mr. Colin L. Simpson serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.58817 of MFC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MFC since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MFC analysts setting a high price target of 34.962 and a low target of 34.962, the average target price over the next 12 months is 34.962. Based on these targets, MFC could surge 7.67% to reach the target high and rise by 7.67% to reach the target low. Reaching the average price target will result in a growth of 7.67% from current levels.
Analysts have provided yearly estimates in a range of $3.64362 being high and $3.57785 being low. For MFC, this leads to a yearly average estimate of $3.60416. The surprise factor in the prior quarter was $0.88. Based on analyst estimates, the high estimate for the next quarter is $1.02 and the low estimate is $0.93. The average estimate for the next quarter is thus $0.99.
