Manulife Financial Reaches New 52-Week High (MFC)

NEW YORK ( TheStreet) -- Manulife Financial Corporation (NYSE: MFC) hit a new 52-week high Thursday as it is currently trading at $17.63, above its previous 52-week high of $17.60 with 517,751 shares traded as of 11:01 a.m. ET. Average volume has been two million shares over the past 30 days.

Manulife Financial has a market cap of $31.8 billion and is part of the financial sector and insurance industry. Shares are up 27.1% year to date as of the close of trading on Wednesday.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States.

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TheStreet Ratings rates Manulife Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Manulife Financial Ratings Report.

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