With 1.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.05 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $30.5603 whereas the lowest price it dropped to was $29.89. The 52-week range on MFC shows that it touched its highest point at $33.07 and its lowest point at $21.54 during that stretch. It currently has a 1-year price target of $34.11. With its current market cap of 52.40 billion, MFC has annualized dividend of $1.17 while the current yield stands at 3.91%. MFC paid its most recent dividend on 1724198400, while the ex-dividend date for that was 1732060800. Beta for the stock currently stands at 1.07.
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 -2.13%, but this was down by -2.35% over a month. Three-month performance dropped to -0.53% while six-month performance rose 12.32%. The stock gained 34.61% in the past year, while it has lost -2.61% so far this year. A look at the trailing 12-month EPS for MFC yields 2.08 with Next year EPS estimates of 2.86. For the next quarter, that number is 0.66. This implies an EPS growth rate of 3.25% for this year and 7.60% for next year. EPS is expected to grow by 6.51% 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, 1.76 billion MFC shares are outstanding with a float of 1.75 billion shares on hand for trading. On 2025-01-15, short shares totaled 9.46 million, which was 44.99999999999999 higher than short shares on 1734048000. 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 0.59716 of MFC’s outstanding shares, institutional investors have minority control over the company.
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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 23.822731 and a low target of 23.822731, the average target price over the next 12 months is 23.822731. Based on these targets, MFC could drop -20.35% to reach the target high and fall by -20.35% to reach the target low. Reaching the average price target will result in a decline of -20.35% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.86993 being high and $3.74235 being low. For MFC, this leads to a yearly average estimate of $3.78488.
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