NYSE:MFC Manulife Financial (MFC) Stock Forecast, Price & News $18.52 -0.27 (-1.44%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$18.35▼$18.6550-Day Range$17.72▼$19.9852-Week Range$14.92▼$20.40Volume2.92 million shsAverage Volume3.29 million shsMarket Capitalization$34.19 billionP/E Ratio8.50Dividend Yield5.83%Price Target$29.29 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Manulife Financial MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside58.4% Upside$29.29 Price TargetShort InterestBearish1.51% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.39Upright™ Environmental ScoreNews Sentiment0.23Based on 16 Articles This WeekInsider TradingN/AProj. Earnings Growth6.97%From $2.44 to $2.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.71 out of 5 starsFinance Sector303rd out of 901 stocksLife Insurance Industry8th out of 21 stocks 3.2 Analyst's Opinion Consensus RatingManulife Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.29, Manulife Financial has a forecasted upside of 58.4% from its current price of $18.49.Amount of Analyst CoverageManulife Financial has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.51% of the float of Manulife Financial has been sold short.Short Interest Ratio / Days to CoverManulife Financial has a short interest ratio ("days to cover") of 8.1.Change versus previous monthShort interest in Manulife Financial has recently increased by 67.68%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipManulife Financial is a leading dividend payer. It pays a dividend yield of 5.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthManulife Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Manulife Financial is 49.54%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Manulife Financial will have a dividend payout ratio of 41.38% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreManulife Financial has received a 23.71% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Life insurance services for groups", "Retail banking services", "Retirement saving services", "Real estate funds", "Life insurance services for individuals", and "Long term disability insurance services for groups" products. See details.Environmental SustainabilityThe Environmental Impact score for Manulife Financial is -0.39. Previous Next 2.4 News and Social Media Coverage News SentimentManulife Financial has a news sentiment score of 0.23. 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 0.69 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Manulife Financial this week, compared to 5 articles on an average week.Search Interest51 people have searched for MFC on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Manulife Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.04% of the stock of Manulife Financial is held by insiders.Percentage Held by Institutions43.42% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Manulife Financial are expected to grow by 6.97% in the coming year, from $2.44 to $2.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Manulife Financial is 8.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Manulife Financial is 8.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.11.Price to Earnings Growth RatioManulife Financial has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioManulife Financial has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Manulife Financial (NYSE:MFC) StockManulife Financial Corp. engages in the provision of financial services. It operates through the following segments: Asia, Canada, U.S., Global Wealth and Asset Management, and Corporate and Other. The Asia segment refers to insurance and insurance-based wealth accumulation products in Asia. The Canada segment offers insurance-based wealth accumulation products and banking services in Canada. The U.S. segment provides in-force long-term care insurance business and an in-force annuity business. The Global Wealth and Asset Management segment delivers fee-based wealth solutions to retail, retirement, and institutional customers. The Corporate and Other segment is involved in investment performance on assets backing capital, net of amounts allocated to operating segments, financing costs, costs incurred by the corporate office related to shareholder activities, property and casualty reinsurance business, and run-off reinsurance business lines. The company was founded in 1887 and is headquartered in Toronto, Canada.Read More Receive MFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address MFC Stock News HeadlinesMay 31, 2023 | finance.yahoo.comManulife Securities continues to advance technology platform through enhanced portfolio management capabilities creating efficiencies for advisors and clientsMay 30, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 17 up on Monday (MFC-PR-M)May 31, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.May 30, 2023 | americanbankingnews.comQ2 2023 Earnings Estimate for Manulife Financial Co. Issued By Zacks Research (NYSE:MFC)May 28, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Manulife Financial Co.'s Q3 2023 Earnings (NYSE:MFC)May 24, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 9 down on Tuesday (MFC-PR-I)May 23, 2023 | finance.yahoo.comManulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 25 and Non-cumulative Floating Rate Class 1 Shares Series 26May 22, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Class 1 Sh Ser 4 flat on Friday (MFC-PR-P)May 31, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.May 22, 2023 | americanbankingnews.comManulife Financial Co. (NYSE:MFC) Plans $0.27 Quarterly DividendMay 19, 2023 | finance.yahoo.comManulife Investment Management signs definitive agreement to acquire a controlling interest in data center platform ServerfarmMay 18, 2023 | finance.yahoo.comDividend Watch: 3 Companies Growing Their PayoutsMay 18, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Manulife Financial (NYSE:MFC)May 17, 2023 | finance.yahoo.comJohn Hancock Retirement launches dynamic default investment feature to help participants address more complex financial needs and prepare for retirementMay 17, 2023 | finance.yahoo.comManulife Investment Management launches two Smart Global ETFs giving investors additional income solutionsMay 16, 2023 | americanbankingnews.comManulife Financial Co. to Post Q2 2023 Earnings of $0.60 Per Share, Desjardins Forecasts (NYSE:MFC)May 16, 2023 | americanbankingnews.comBrokers Issue Forecasts for Manulife Financial Co.'s Q2 2023 Earnings (NYSE:MFC)May 15, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 13 flat on Monday (MFC-PR-K)May 15, 2023 | americanbankingnews.comManulife Financial Co. (NYSE:MFC) Sees Large Increase in Short InterestMay 12, 2023 | americanbankingnews.comAnalysts Offer Predictions for Manulife Financial Co.'s Q1 2023 Earnings (NYSE:MFC)May 12, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Brookfield Corporation (BN) and Manulife Financial (MFC)May 12, 2023 | msn.comManulife Financial (MFC) Declares $0.36 DividendMay 11, 2023 | seekingalpha.comManulife Financial Corporation 2023 Q1 - Results - Earnings Call PresentationMay 9, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 15 flat on Friday (MFC-PR-L)May 9, 2023 | finance.yahoo.comManulife Releases 2022 Environmental, Social, and Governance Report and Public Accountability StatementMay 5, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 9 down on Thursday (MFC-PR-I)May 5, 2023 | msn.comUnusual Call Option Trade in Manulife Financial (MFC) Worth $49.01KSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address MFC Company Calendar Last Earnings2/09/2021Ex-Dividend for 3/20 Dividend2/27/2023Dividend Payable3/20/2023Ex-Dividend for 6/19 Dividend5/23/2023Today5/31/2023Dividend Payable6/19/2023Next Earnings (Estimated)8/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Life insurance Sub-IndustryN/A SectorFinance Current SymbolNYSE:MFC CUSIPN/A CIK1086888 Webwww.manulife.com Phone(416) 926-3000Fax416-926-5657Employees40,000Year Founded1887Price Target and Rating Average Stock Price Forecast$29.29 High Stock Price Forecast$34.00 Low Stock Price Forecast$27.00 Forecasted Upside/Downside+59.1%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.18 Trailing P/E Ratio8.44 Forward P/E Ratio7.55 P/E Growth0.77Net Income$5.53 billion Net MarginsN/A Pretax Margin20.48% Return on Equity12.77% Return on Assets0.72% Debt Debt-to-Equity Ratio0.15 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$13.19 billion Price / Sales2.58 Cash Flow$2.77 per share Price / Cash Flow6.64 Book Value$16.86 per share Price / Book1.09Miscellaneous Outstanding Shares1,845,890,000Free Float1,845,148,000Market Cap$33.98 billion OptionableOptionable Beta1.11 Social Links Key ExecutivesRoy GoriPresident, CEO & Non-Independent DirectorRahul M. JoshiChief Operations OfficerPhilip WitheringtonChief Financial OfficerShamus Edward WeilandChief Information OfficerKevin J. ClohertyGlobal Chief Compliance OfficerKey CompetitorsPrudentialNYSE:PUKMetLifeNYSE:METPrudential FinancialNYSE:PRUSun Life FinancialNYSE:SLFAegonNYSE:AEGView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Bought 83,021 shares on 5/22/2023Ownership: 0.018%JPMorgan Chase & Co.Bought 250,714 shares on 5/18/2023Ownership: 0.526%Harvest Portfolios Group Inc.Bought 132,291 shares on 5/18/2023Ownership: 0.007%GSB Wealth Management LLCSold 7,850 shares on 5/18/2023Ownership: 0.001%Advisory Services Network LLCBought 543 shares on 5/17/2023Ownership: 0.001%View All Institutional Transactions MFC Stock - Frequently Asked Questions Should I buy or sell Manulife Financial stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MFC, but not buy additional shares or sell existing shares. View MFC analyst ratings or view top-rated stocks. What is Manulife Financial's stock price forecast for 2023? 3 equities research analysts have issued 1-year price targets for Manulife Financial's shares. Their MFC share price forecasts range from $27.00 to $34.00. On average, they predict the company's stock price to reach $29.29 in the next year. This suggests a possible upside of 59.1% 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 2023? Manulife Financial's stock was trading at $17.84 on January 1st, 2023. Since then, MFC stock has increased by 3.2% and is now trading at $18.41. View the best growth stocks for 2023 here. Are investors shorting Manulife Financial? Manulife Financial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 28,170,000 shares, an increase of 67.7% from the April 30th total of 16,800,000 shares. Based on an average trading volume of 3,460,000 shares, the short-interest ratio is currently 8.1 days. Approximately 1.5% of the shares of the company are sold short. 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, August 9th 2023. View our MFC earnings forecast. How were Manulife Financial's earnings last quarter? Manulife Financial Co. (NYSE:MFC) announced its quarterly earnings results on Tuesday, February, 9th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The financial services provider had revenue of $13.71 billion for the quarter. During the same period in the prior year, the firm earned $0.73 EPS. How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial? Manulife Financial announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Wednesday, May 24th will be given a dividend of $0.269 per share on Monday, June 19th. This represents a $1.08 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Tuesday, May 23rd. Read our dividend analysis for MFC. Is Manulife Financial a good dividend stock? Manulife Financial (NYSE:MFC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 5.75%. 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 49.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 41.38% 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). What is Manulife Financial's stock symbol? Manulife Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "MFC." Who are Manulife Financial's major shareholders? Manulife Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.69%), National Bank of Canada FI (1.67%), Jarislowsky Fraser Ltd (1.27%), CIBC Asset Management Inc (1.02%), Toronto Dominion Bank (0.81%) and Letko Brosseau & Associates Inc. (0.70%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Manulife Financial's stock price today? One share of MFC stock can currently be purchased for approximately $18.41. How much money does Manulife Financial make? Manulife Financial (NYSE:MFC) has a market capitalization of $33.98 billion and generates $13.19 billion in revenue each year. The financial services provider earns $5.53 billion in net income (profit) each year or $2.18 on an earnings per share basis. How many employees does Manulife Financial have? The company employs 40,000 workers across the globe. 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 How can I contact Manulife Financial? Manulife Financial's mailing address is 200 BLOOR ST EAST NT-10, TORONTO A6, M4W1E5. The official website for the company is www.manulife.com. The financial services provider can be reached via phone at (416) 926-3000, via email at investrel@manulife.com, or via fax at 416-926-5657. This page (NYSE:MFC) was last updated on 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Manulife Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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