Manulife Financial (MFC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$38.85 to C$39.28
• 50-Day Range: C$33.19 to C$39.17
• 52-Week Range: C$23.69 to C$39.28
• Volume: 9.93 million shs
• Average Volume: 6.69 million shs
• Market Capitalization: C$69.40 billion
• P/E Ratio: 16.59
• Dividend Yield: 4.10%
• Price Target: C$39.18
• Consensus Rating: Moderate Buy

Manulife Financial Stock Analysis - MarketRank™

Manulife Financial scored higher than 32% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Manulife Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Manulife Financial has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Manulife Financial is 16.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Manulife Financial is 16.59, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 425.70.

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 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MFC.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Manulife Financial is a leading dividend payer. It pays a dividend yield of 4.36%, 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 68.09%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MFC.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.39

News Sentiment

Manulife Financial has a news sentiment score of 0.39. 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 news sentiment score is similar to the average news sentiment of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Manulife Financial this week, compared to 3 articles on an average week.

Search Interest

Only 28 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

MarketBeat Follows

5 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

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$2,455,596.00 in company stock.

Percentage Held by Insiders

Only 0.03% of the stock of Manulife Financial is held by insiders.

Percentage Held by Institutions

59.97% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MFC Stock Analysis - Frequently Asked Questions

How have MFC shares performed this year?

Manulife Financial's stock was trading at C$29.28 at the beginning of the year. Since then, MFC stock has increased by 33.2% and is now trading at C$38.99.
View the best growth stocks for 2024 here.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (TSE:MFC) issued its quarterly earnings data on Wednesday, August, 7th. The financial services provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The financial services provider earned $12.88 billion during the quarter, compared to the consensus estimate of $12.27 billion. Manulife Financial had a net margin of 17.34% and a trailing twelve-month return on equity of 10.41%.

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.
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What other stocks do shareholders of Manulife Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Manulife Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE) and Royal Bank of Canada (RY).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/19 Dividend: 8/21/2024
• Dividend Payable: 9/19/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/13/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Insurance - Life
• Sub-Industry: Insurance
• Current Symbol: TSE:MFC
• CUSIP: N/A
• CIK: N/A
• Web: www.manulife.com
• Phone: +1-416-9263427
• Fax: N/A
• Employees: 40,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$39.18
• High Stock Price Target: C$43.00
• Low Stock Price Target: C$36.00
• Potential Upside/Downside: +0.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.35
• Trailing P/E Ratio: 16.66
• Forward P/E Ratio: 9.69
• P/E Growth: 12.56
• Net Income: C$4.24 billion
• Net Margins: 17.34%
• Pretax Margin: N/A
• Return on Equity: 10.41%
• Return on Assets: 0.55%

Debt

• Debt-to-Equity Ratio: 49.60
• Current Ratio: 36.68
• Quick Ratio: 2.58

Sales & Book Value

• Annual Sales: C$28.48 billion
• Price / Sales: 2.45
• Cash Flow: C$23.10 per share
• Price / Cash Flow: 1.70
• Book Value: C$26.24 per share
• Price / Book: 1.49

Miscellaneous

• Outstanding Shares: 1,780,000,000
• Free Float: N/A
• Market Cap: C$69.70 billion
• Optionable: Not Optionable
• Beta: 1.05