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 brokerages have issued twelve-month price targets 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 share price to reach C$36.30 in the next twelve months. This suggests a possible upside of 15.8% 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 at the beginning of 2024. Since then, MFC shares have increased by 7.1% and is now trading at C$31.36. 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The financial services provider had revenue of $14.92 billion for the quarter, compared to analyst estimates of $10.24 billion. Manulife Financial had a trailing twelve-month return on equity of 11.57% and a net margin of 20.05%.

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 annualized dividend and a yield of 5.10%. The ex-dividend date 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 .

TSE:MFC

Manulife Financial (MFC) Stock Price, News & Analysis

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Free MFC Stock Alerts

C$31.50

-0.18 (-0.57%)

(As of 02:15 PM ET)

Compare

Today's Range: C$31.27
▼
C$31.62
50-Day Range: C$30.01
▼
C$33.83
52-Week Range: C$23.69
▼
C$34.05

Volume: 1.27 million shs
Average Volume: 6.17 million shs
Market Capitalization: C$57.02 billion

P/E Ratio: 12.07
Dividend Yield: 5.08%
Price Target: C$36.30

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Manulife Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 15.8% Upside
C$36.30 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.26
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

3.3

Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Manulife Financial has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for MFC.

2.5

Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 5.01%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Manulife Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 61.30%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MFC.

1.3

News and Social Media Coverage

News Sentiment
Manulife Financial has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Manulife Financial this week, compared to 3 articles on an average week.
Search Interest
Only 44 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Manulife Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$445,896.00 in company stock.
Percentage Held by Insiders
Only 0.02% of the stock of Manulife Financial is held by insiders.
Percentage Held by Institutions
57.08% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 12.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 12.02, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 456.01.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 12.56. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Manulife Financial has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

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 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

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 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

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: 4/16/2024
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: +14.6%
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: 12.14
Forward P/E Ratio: 8.59
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$18.69 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$57.34 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 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 brokerages have issued twelve-month price targets 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 share price to reach C$36.30 in the next twelve months. This suggests a possible upside of 15.8% 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 at the beginning of 2024. Since then, MFC shares have increased by 7.1% and is now trading at C$31.36.
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 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The financial services provider had revenue of $14.92 billion for the quarter, compared to analyst estimates of $10.24 billion. Manulife Financial had a trailing twelve-month return on equity of 11.57% and a net margin of 20.05%.

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 annualized dividend and a yield of 5.10%. The ex-dividend date 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 4/16/2024 by MarketBeat.com Staff

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Manulife Financial (MFC) Stock Price, News & Analysis

Manulife Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Manulife Financial Stock (TSE:MFC)

MFC Stock Price History

MFC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

MFC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™