Today it was reported that the Senior Officer of Manulife Financial (MFC), Halina Von Dem Hagen, exercised options to sell 5,549 MFC shares for a total transaction value of $120K.
Following Halina Von Dem Hagen’s last MFC Sell transaction on August 25, 2016, the stock climbed by 5.9%. In addition to Halina Von Dem Hagen, one other MFC executive reported Sell trades in the last month.
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The company has a one-year high of $21.23 and a one-year low of $8.62. Currently, Manulife Financial has an average volume of 676.40K. MFC’s market cap is $31.89 billion and the company has a P/E ratio of 8.30.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.69, reflecting a -7.8% downside.
In the last 30 days, insiders have sold $162.5K worth of MFC shares and purchased $108.6K worth of MFC shares. The insider sentiment on Manulife Financial has been neutral according to 78 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Manulife Financial Corp. is a financial services company, which engages in the provision of financial protection and wealth management products and services. It operates through the following business segments: Asia, Canada, U.S., Global Wealth & Asset Management and Corporate & Other. The Asia segment provides insurance products and insurance-based wealth accumulation products in Asia. The Canada segment provides insurance products, insurance-based wealth accumulation products and banking services in Canada. The U.S. segment provides life insurance products, insurance-based wealth accumulation products, digital advice solutions and administering in-force long-term care insurance and annuity businesses in the U.S. The Global Wealth & Asset Management segment provides fee-based wealth solutions to retail, retirement and institutional customers. The Corporate & Other segment comprises of investment performance on assets backing capital, net of amounts allocated to operating segments, financing costs, costs incurred by the corporate office related to shareholder activities, Property & Casualty Reinsurance business and run-off reinsurance business lines. The company was founded on April 26, 1999 and is headquartered in Toronto, Canada.