S&P 500   5,248.49
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Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Manulife Financial (MFC) Stock Price, News & Analysis

$24.65
+0.49 (+2.03%)
(As of 03/27/2024 ET)
Today's Range
$24.17
$24.66
50-Day Range
$20.99
$24.79
52-Week Range
$17.07
$24.89
Volume
2.77 million shs
Average Volume
3.39 million shs
Market Capitalization
$44.51 billion
P/E Ratio
12.77
Dividend Yield
4.83%
Price Target
$33.33

Manulife Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.2% Upside
$33.33 Price Target
Short Interest
Healthy
0.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.79mentions of Manulife Financial in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.59%
From $2.71 to $2.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Finance Sector

2nd out of 863 stocks

Life Insurance Industry

1st out of 20 stocks

MFC stock logo

About Manulife Financial Stock (NYSE:MFC)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses. In addition, it provides integrated banking products and services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

MFC Stock Price History

MFC Stock News Headlines

3 Stocks to Buy for Both Dividends and Value in March
Buy Friday, Sell Monday, No Exceptions
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Manulife Financial Corp Pref N (MFC_pn)
AQN Jul 2024 10.000 put
Manulife to host Investor Day in Asia
MFC Mar 2024 26.000 put
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/19 Dividend
2/27/2024
Dividend Payable
3/19/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
N/A
Employees
40,000
Year Founded
1887

Price Target and Rating

Average Stock Price Target
$33.33
High Stock Price Target
$35.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+35.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$4.05 billion
Pretax Margin
13.06%

Debt

Sales & Book Value

Annual Sales
$36.10 billion
Cash Flow
$3.39 per share
Book Value
$17.25 per share

Miscellaneous

Outstanding Shares
1,805,800,000
Free Float
1,805,076,000
Market Cap
$44.51 billion
Optionable
Optionable
Beta
1.08

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Key Executives

  • Mr. Roy Gori (Age 53)
    President, CEO & Director
    Comp: $4.13M
  • Mr. Scott Sears Hartz C.F.A. (Age 63)
    Chief Investment Officer
    Comp: $1.99M
  • Mr. Marc M. Costantini
    Global Head of Inforce Management
  • Mr. Philip James Witherington
    President & CEO of Manulife Asia
  • Mr. Colin L. Simpson
    Chief Financial Officer
  • Mr. Rahul Madhav Joshi
    Chief Operations Officer
  • Ms. Lynda D. Sullivan
    Executive VP & Chief Accounting Officer
  • Mr. Shamus Edward Weiland
    Chief Information Officer
  • Ms. Adrienne O'Neill C.A.
    C.F.A., CPA, Head of Investor Relations
  • Mr. James David Gallagher
    General Counsel

Should I Buy Manulife Financial Stock? MFC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Manulife Financial was last updated on Tuesday, March 26, 2024 at 10:32 PM.

Pros

Here are some ways that investors could benefit from investing in Manulife Financial Co.:

  • Manulife Financial Co. reported a strong quarterly earnings performance, surpassing the consensus estimate by $0.05 per share, indicating solid financial health and potential for growth.
  • The company has a diverse range of financial products and services offered across multiple regions, providing a broad revenue stream and reducing dependency on any single market.
  • With a market capitalization of $43.61 billion, Manulife Financial Co. is a well-established player in the financial services industry, offering stability and credibility to investors.
  • Manulife Financial Co. has shown consistent growth in its return on equity, currently standing at 15.98%, reflecting efficient management of shareholder funds and potential for higher returns.
  • Despite recent fluctuations, the stock price of Manulife Financial Co. has shown resilience, with a 52-week high of $24.89, indicating investor confidence and positive market sentiment.

Cons

Investors should be bearish about investing in Manulife Financial Co. for these reasons:

  • Manulife Financial Co. operates in a highly competitive industry, facing challenges from other established financial institutions, which could impact market share and profitability.
  • The company's stock performance has shown volatility, with fluctuations in the stock price, potentially leading to uncertainty for investors and short-term risks.
  • As a global company, Manulife Financial Co. is exposed to geopolitical and economic risks in various regions, which could impact its operations and financial performance.
  • Regulatory changes in the financial services sector could affect Manulife Financial Co.'s business operations and profitability, leading to compliance challenges and additional costs.
  • Investors should consider the company's P/E ratio of 12.51 and P/E/G ratio of 0.90 when evaluating investment opportunities, as these metrics provide insights into the stock's valuation and growth potential.

MFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MFC shares.
View MFC analyst ratings
or view top-rated stocks.

What is Manulife Financial's stock price target for 2024?

5 Wall Street analysts have issued 1 year price objectives for Manulife Financial's stock. Their MFC share price targets range from $32.00 to $35.00. On average, they predict the company's share price to reach $33.33 in the next twelve months. This suggests a possible upside of 35.2% from the stock's current price.
View analysts price targets for MFC
or view top-rated stocks among Wall Street analysts.

How have MFC shares performed in 2024?

Manulife Financial's stock was trading at $22.10 at the beginning of the year. Since then, MFC stock has increased by 11.5% and is now trading at $24.65.
View the best growth stocks for 2024 here
.

Are investors shorting Manulife Financial?

Manulife Financial saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 11,310,000 shares, a decrease of 74.2% from the February 29th total of 43,920,000 shares. Based on an average trading volume of 3,350,000 shares, the short-interest ratio is presently 3.4 days. Approximately 0.6% of the company's stock are short sold.
View Manulife Financial's Short Interest
.

When is Manulife Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MFC earnings forecast
.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) announced its earnings results on Wednesday, February, 14th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.05. The financial services provider earned $10.96 billion during the quarter, compared to the consensus estimate of $7.57 billion. Manulife Financial had a trailing twelve-month return on equity of 15.98% and a net margin of 10.42%.

How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial?

Manulife Financial declared a quarterly dividend on Wednesday, February 14th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.298 per share on Tuesday, March 19th. This represents a $1.19 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.19 per share and currently has a dividend yield of 4.93%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 61.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 40.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFC.

What is Roy Gori's approval rating as Manulife Financial's CEO?

438 employees have rated Manulife Financial Chief Executive Officer Roy Gori on Glassdoor.com. Roy Gori has an approval rating of 94% among the company's employees. This puts Roy Gori in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Manulife Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Manulife Financial investors own include AT&T (T), Bank of America (BAC), Energy Transfer (ET), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV) and Citigroup (C).

Who are Manulife Financial's major shareholders?

Manulife Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.96%), Vanguard Group Inc. (3.96%), TD Asset Management Inc (2.05%), Mackenzie Financial Corp (1.53%), National Bank of Canada FI (1.39%) and Beutel Goodman & Co Ltd. (1.37%).

How do I buy shares of Manulife Financial?

Shares of MFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Manulife Financial have any subsidiaries?
The following companies are subsidiares of Manulife Financial: 8 Cross Street PADREF Investments Ltd., Benesure Canada Inc., John Hancock Canadian Corp., John Hancock Financial, John Hancock Group, John Hancock International Holdings Inc., John Hancock Reassurance Company Ltd., John Hancock Wealth Management, Manufacturers Life Capital Corp., Manulife Asset Management, Manulife Bank of Canada, Manulife Finance (Delaware) L.P., Manulife Finance Holdings Limited, Manulife Financial Advisers Pte. Ltd., Manulife Financial Capital Trust, Manulife Financial Corporation Insurance Investments, Manulife Financial Insurance Company, Manulife Securities Incorporated, NAL Resources Limited, Standard Life, TWC Securities Inc., The Manufacturers Life Insurance Company, and Zurich Life.
Read More
This page (NYSE:MFC) was last updated on 3/28/2024 by MarketBeat.com Staff

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