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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:MFC

Manulife Financial (MFC) Stock Price, News & Analysis

C$33.83
+0.40 (+1.20%)
(As of 05:23 PM ET)
Today's Range
C$33.43
C$34.05
50-Day Range
C$28.34
C$33.35
52-Week Range
C$23.69
C$34.05
Volume
12.65 million shs
Average Volume
6.71 million shs
Market Capitalization
C$61.23 billion
P/E Ratio
12.96
Dividend Yield
4.73%
Price Target
C$35.80

Manulife Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.8% Upside
C$35.80 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Manulife Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$445,896 Sold Last Quarter
Proj. Earnings Growth
N/A

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.

1.93 out of 5 stars

MFC stock logo

About Manulife Financial Stock (TSE: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

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Dividend Payments Hit A Record $1.7 Trillion In 2023
Manulife Financial Corp (MFC-PI.TO)
MFC Feb 2024 30.000 call
Manulife Financial reports earnings of $1.66 billion
Preview: Manulife Financial's Earnings
Should You Buy Manulife For Its 4.8% Yield?
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

Industry, Sector and Symbol

Industry
Insurance - Life
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
38,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$35.80
High Stock Price Target
C$40.00
Low Stock Price Target
C$33.00
Potential Upside/Downside
+5.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
C$4.80 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$27.25 billion
Cash Flow
C$20.00 per share
Book Value
C$24.80 per share

Miscellaneous

Outstanding Shares
1,810,000,000
Free Float
N/A
Market Cap
C$61.36 billion
Optionable
Not Optionable
Beta
1.10
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Key Executives

  • Mr. Roy Gori (Age 53)
    President, CEO & Director
    Comp: $5.57M
  • Mr. Scott Sears Hartz C.F.A. (Age 63)
    Chief Investment Officer
    Comp: $2.68M
  • 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 Wednesday, March 27, 2024 at 10:53 PM.

Pros

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

  • Manulife Financial has consistently increased its dividend payouts, providing investors with a steady income stream. The recent dividend increase from $0.37 to $0.40 reflects the company's strong financial position.
  • The company's diverse range of financial products and services, including wealth and asset management, insurance, and annuity products, allows for revenue stability and growth across different market conditions.
  • Manulife Financial's strong net margin of 20.05% indicates efficient cost management and profitability, which can be attractive to investors seeking returns.
  • With a return on equity of 11.57%, Manulife Financial demonstrates the ability to generate value for shareholders through effective utilization of equity capital.
  • Analysts' expectations of positive EPS growth for the current year suggest potential capital appreciation for investors holding Manulife Financial stock.

Cons

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

  • Recent insider selling activity, such as Senior Officer Steve Finch and Director Brooks Tingle selling significant amounts of shares, may raise concerns about insiders' confidence in the company's future performance.
  • The dividend payout ratio of 61.30% indicates that a significant portion of the company's earnings is being distributed as dividends, potentially limiting reinvestment for future growth initiatives.
  • While the revenue exceeded analysts' expectations in the last quarter, investors should closely monitor future revenue trends to ensure sustained growth in the company's top line.
  • Market volatility and economic uncertainties could impact Manulife Financial's business operations, particularly in the insurance and investment sectors, leading to fluctuations in financial performance.
  • Investors should consider the competitive landscape in the financial services industry, as Manulife Financial faces competition from both traditional and digital financial service providers, which could affect market share and profitability.

MFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MFC shares.
View MFC analyst ratings
or view top-rated stocks.

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

10 equities research analysts have issued 12-month price objectives for Manulife Financial's shares. Their MFC share price targets range from C$33.00 to C$40.00. On average, they predict the company's stock price to reach C$35.80 in the next twelve months. This suggests a possible upside of 5.8% 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 C$29.28 on January 1st, 2024. Since then, MFC shares have increased by 15.5% and is now trading at C$33.83.
View the best growth stocks for 2024 here
.

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. (TSE:MFC) released its quarterly earnings data on Wednesday, February, 14th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The financial services provider earned $14.92 billion during the quarter, compared to analyst estimates of $10.24 billion. Manulife Financial had a net margin of 20.05% and a trailing twelve-month return on equity of 11.57%.

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. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.40 per share on Tuesday, March 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from the stock's previous quarterly dividend of C$0.37.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (TSE:MFC) pays an annual dividend of C$1.60 per share and currently has a dividend yield of 4.85%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MFC.

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 Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Royal Bank of Canada (RY), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV) and Suncor Energy (SU).

How do I buy shares of Manulife Financial?

Shares of MFC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MFC) was last updated on 3/28/2024 by MarketBeat.com Staff

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