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TSE:MFC

Manulife Financial (MFC) Stock Price, News & Analysis

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Free MFC Stock Alerts
C$31.63
+0.19 (+0.60%)
(As of 09:45 AM ET)
Compare
Today's Range
C$31.57
▼
C$31.70
50-Day Range
C$30.13
▼
C$33.83
52-Week Range
C$23.69
▼
C$34.05
Volume
166,510 shs
Average Volume
6.08 million shs
Market Capitalization
C$57.25 billion
P/E Ratio
12.12
Dividend Yield
5.06%
Price Target
C$36.30
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades

Manulife Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.5% Upside
C$36.30 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Manulife Financial in the last 14 days
Based on 3 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.

2.54 out of 5 stars

See Top Rated MarketRank™ Stocks Here
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

April 15, 2024 | americanbankingnews.com
Manulife Financial Co. (TSE:MFC) Receives Consensus Rating of "Moderate Buy" from Analysts
April 11, 2024 | msn.com
Manulife names Katy Boshart as CEO of banking unit
April 18, 2024 | Birch Gold (Ad)
IRS Loophole Gives Americans An Escape From Inflation
In the years immediately following 2008-09, as the economy stagnated, gold exploded in value. Today, Goldman Sachs is telling its clients that gold may reach $2,250 within the next few years. Don't miss your chance to diversify your savings.
April 11, 2024 | msn.com
Manulife Bank hires TD Bank executive as CEO
April 9, 2024 | americanbankingnews.com
BMO Capital Markets Raises Manulife Financial (TSE:MFC) Price Target to C$40.00
March 26, 2024 | markets.businessinsider.com
Analysts’ Opinions Are Mixed on These Financial Stocks: Webster Financial (WBS), Manulife Financial (MFC) and Hamilton Lane (HLNE)
March 25, 2024 | finance.yahoo.com
CANADA STOCKS-TSX dips for second day, holds near record high
March 25, 2024 | reuters.com
Manulife signs $4.3 bln reinsurance deal with RGA Life
April 18, 2024 | Birch Gold (Ad)
IRS Loophole Gives Americans An Escape From Inflation
In the years immediately following 2008-09, as the economy stagnated, gold exploded in value. Today, Goldman Sachs is telling its clients that gold may reach $2,250 within the next few years. Don't miss your chance to diversify your savings.
March 25, 2024 | msn.com
Manulife agrees to reinsure $4.3B of policies with RGA Canada
March 25, 2024 | finance.yahoo.com
Manulife announces largest Canadian Universal Life reinsurance transaction
March 14, 2024 | ca.news.yahoo.com
Former Quebec judge pleads guilty to manslaughter in wife's 2009 shooting death
March 13, 2024 | ca.finance.yahoo.com
Dividend Payments Hit A Record $1.7 Trillion In 2023
March 13, 2024 | finance.yahoo.com
Manulife Chief Financial Officer, Colin Simpson to participate in fireside chat at National Bank of Canada's 22nd Annual Financial Services Conference
March 6, 2024 | ca.finance.yahoo.com
Manulife Financial Corp (MFC-PI.TO)
February 22, 2024 | finance.yahoo.com
Just Four Days Till Manulife Financial Corporation (TSE:MFC) Will Be Trading Ex-Dividend
February 19, 2024 | finance.yahoo.com
Manulife Financial Corp (MFC) Hit a 52 Week High, Can the Run Continue?
February 19, 2024 | finance.yahoo.com
Is Manulife Financial Corp (MFC) a Great Value Stock Right Now?
February 16, 2024 | finance.yahoo.com
Manulife Financial Corporation (NYSE:MFC) Q4 2023 Earnings Call Transcript
February 15, 2024 | finance.yahoo.com
MFC Feb 2024 30.000 call
February 15, 2024 | msn.com
Manulife profit rises on strong insurance sales
February 14, 2024 | msn.com
Manulife Financial reports fourth-quarter earnings of $1.66 billion
February 14, 2024 | theglobeandmail.com
Manulife Financial reports earnings of $1.66 billion
February 14, 2024 | msn.com
Manulife Financial Q4 core earnings slip as Global WAM logs outflows
February 14, 2024 | finance.yahoo.com
UPDATE 2-Manulife beats profit estimates on strong Asia, Canada performance
February 13, 2024 | benzinga.com
Preview: Manulife Financial's Earnings
February 11, 2024 | seekingalpha.com
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
4/18/2024
Next Earnings (Estimated)
5/08/2024
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Industry, Sector and Symbol

Stock Exchange
TSE
Sector
Financial Services
Industry
Insurance - Life
Sub-Industry
N/A
Current Symbol
TSE:MFC
CUSIP
N/A
CIK
N/A
Web
www.manulife.com
Phone
+1-416-9263427
Fax
N/A
Employees
38,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$36.30
High Stock Price Target
C$40.00
Low Stock Price Target
C$33.00
Potential Upside/Downside
+14.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.61
Trailing P/E Ratio
12.12
Forward P/E Ratio
8.57
P/E Growth
12.56
Net Income
C$4.80 billion
Net Margins
20.05%
Pretax Margin
N/A
Return on Equity
11.57%
Return on Assets
0.59%

Debt

Debt-to-Equity Ratio
45.69
Current Ratio
3.79
Quick Ratio
2.58

Sales & Book Value

Annual Sales
C$27.25 billion
Price / Sales
2.10
Cash Flow
C$18.66 per share
Price / Cash Flow
1.70
Book Value
C$24.80 per share
Price / Book
1.28

Miscellaneous

Outstanding Shares
1,810,000,000
Free Float
N/A
Market Cap
C$57.25 billion
Optionable
Not Optionable
Beta
1.09
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Key Executives

  • Mr. Roy Gori (Age 54)
    President, CEO & Director
    Comp: $7.01M
  • Mr. Colin L. Simpson
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 63)
    Chief Investment Officer
    Comp: $2.95M
  • Mr. Marc M. Costantini
    Global Head of Inforce Management
  • Mr. Paul Raymon Lorentz
    President and CEO of Global Wealth & Asset Management
  • Mr. Philip James Witherington
    President & CEO of Manulife Asia
  • 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Pros

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

  • Manulife Financial Co. operates through Wealth and Asset Management Businesses, providing investment advice and solutions to a wide range of clients, which can lead to diversified revenue streams and potential growth opportunities.
  • The company offers a variety of insurance and annuity products through multiple distribution channels, catering to different customer segments and potentially increasing market reach.
  • Manulife Financial Co. engages in property and casualty reinsurance businesses, which can provide stability and additional income sources.
  • With a history dating back to 1887, the company has a long-standing presence in the financial industry, indicating stability and experience.
  • Recent stock price movements indicate potential opportunities for investors to capitalize on market trends and price fluctuations.

Cons

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

  • The company's involvement in run-off reinsurance operations, including variable annuities, may pose risks related to legacy products and potential liabilities.
  • Manulife Financial Co.'s diverse business operations across different segments and geographies could lead to complexities in management and potential challenges in strategic focus.
  • Market volatility and regulatory changes in the financial industry could impact the company's performance and profitability.
  • Competitive pressures within the insurance and financial services sector may affect Manulife Financial Co.'s market position and margins.
  • Global economic conditions and geopolitical factors could influence the company's financial performance and growth prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Manulife Financial pros and cons to contact@marketbeat.com.

MFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

10 Wall Street equities 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 equities 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 Wall Street analysts have issued 12-month price objectives for Manulife Financial's stock. 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$36.30 in the next year. This suggests a possible upside of 15.5% 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 at the start of the year. Since then, MFC shares have increased by 7.4% and is now trading at C$31.44.
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) posted its quarterly earnings data on Wednesday, February, 14th. The financial services provider reported $0.92 earnings per share (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 announced a quarterly dividend on Wednesday, February 14th. Investors 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 yield of 5.09%. 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 5.01%. 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 4/18/2024 by MarketBeat.com Staff

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