Some Traders See Unusual Bullish Options Activity in Manulife Financial Corporation (USA)

 Some Traders See Unusual Bullish Options Activity in Manulife Financial Corporation (USA)

In today’s session Manulife Financial Corporation (USA) (MFC) registered an unusually high (80) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MFC increase. With 80 contracts traded and 584 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MFC161216C00018000 closed last at: $0.2 or 20% down. About 879,756 shares traded hands. Manulife Financial Corporation (USA) (NYSE:MFC) has risen 15.62% since April 26, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Analysts await Manulife Financial Corporation (USA) (NYSE:MFC) to report earnings on February, 9. They expect $0.35 earnings per share, up 12.90% or $0.04 from last year’s $0.31 per share. MFC’s profit will be $674.94M for 12.27 P/E if the $0.35 EPS becomes a reality. After $0.37 actual earnings per share reported by Manulife Financial Corporation (USA) for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.

Manulife Financial Corporation (USA) (NYSE:MFC) Ratings Coverage

Out of 5 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Manulife Financial Corp. has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, November 13 with “Outperform”. RBC Capital Markets maintained Manulife Financial Corporation (USA) (NYSE:MFC) on Friday, August 7 with “Outperform” rating. The rating was downgraded by IBC to “Sector Perform” on Thursday, August 4. The stock has “Buy” rating given by Dundee Securities on Wednesday, September 21. As per Friday, August 7, the company rating was maintained by TD Securities. Bank of America initiated the stock with “Buy” rating in Wednesday, August 24 report.

According to Zacks Investment Research, “Manulife Financial Corporation is engaged in providing financial protection products and investment management services to individuals, families, businesses and groups in selected international markets.”

Manulife Financial Corporation is a life insurance company. The company has a market cap of $33.13 billion. The Firm is a holding firm of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. It has a 15.26 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

More notable recent Manulife Financial Corporation (USA) (NYSE:MFC) news were published by: Fool.ca which released: “Trump Makes Manulife Financial Corp. a Solid Long-Term Financials Play” on November 21, 2016, also Fool.ca with their article: “Why Manulife Financial Corp. Is Heading Higher” published on November 23, 2016, Fool.ca published: “Why Manulife Financial Corp. Could Outperform in 2017” on November 03, 2016. More interesting news about Manulife Financial Corporation (USA) (NYSE:MFC) were released by: Fool.ca and their article: “Why Asia Is Key for Manulife Financial Corp. to Succeed” published on August 29, 2016 as well as Fool.ca‘s news article titled: “Why Manulife Financial Corp. and TMX Group Limited Have Moved Over 4%” with publication date: August 04, 2016.

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