NYSE:MFC Manulife Financial (MFC) Stock Forecast, Price & News $18.28 -0.19 (-1.03%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$18.26▼$18.6650-Day Range$17.58▼$20.0052-Week Range$14.92▼$20.40Volume1.98 million shsAverage Volume3.30 million shsMarket Capitalization$33.33 billionP/E Ratio8.58Dividend Yield6.02%Price Target$26.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Manulife Financial MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside44.1% Upside$26.33 Price TargetShort InterestHealthy1.08% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.39Upright™ Environmental ScoreNews Sentiment1.29Based on 11 Articles This WeekInsider TradingN/AProj. Earnings Growth9.02%From $2.44 to $2.66 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.3.28 out of 5 starsFinance Sector22nd out of 868 stocksLife Insurance Industry1st out of 22 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 $26.33, Manulife Financial has a forecasted upside of 44.1% from its current price of $18.28.Amount of Analyst CoverageManulife Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.08% 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 5.8.Change versus previous monthShort interest in Manulife Financial has recently decreased by 31.62%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipManulife Financial is a leading dividend payer. It pays a dividend yield of 5.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthManulife Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Manulife Financial is 51.64%. 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 41.35% 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 3.5 News and Social Media Coverage News SentimentManulife Financial has a news sentiment score of 1.29. 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 higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Manulife Financial this week, compared to 6 articles on an average week.Search InterestOnly 14 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.MarketBeat Follows10 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. 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 Institutions45.02% 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 4.4 Earnings and Valuation Earnings GrowthEarnings for Manulife Financial are expected to grow by 9.02% in the coming year, from $2.44 to $2.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Manulife Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.21.Price to Earnings Ratio vs. SectorThe P/E ratio of Manulife Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 71.91.Price to Earnings Growth RatioManulife Financial has a PEG Ratio of 0.75. 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 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Manulife Financial (NYSE:MFC) StockManulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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 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. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.Read More MFC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MFC Stock News HeadlinesAugust 30, 2023 | marketbeat.com5 Undervalued Stocks To Secure Your High Yield Portfolio (MFC)Insurance stocks face their share of headwinds but can sustain dividend payments and growth this year and into the future.September 29, 2023 | americanbankingnews.comManulife Financial Co. (NYSE:MFC) Short Interest Down 31.6% in SeptemberSeptember 29, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! September 26, 2023 | finance.yahoo.comManulife's (MFC) John Hancock Launches New Insurance ProductSeptember 26, 2023 | finance.yahoo.comManulife Partners with Leading Health Tech Provider to Deliver the Next Generation of Health Care Experiences to CanadiansSeptember 25, 2023 | seekingalpha.comManulife: Taking A Closer Look At Canadian Life InsuranceSeptember 25, 2023 | finance.yahoo.comJohn Hancock Introduces Life Insurance with Optional Long-Term Care Protection to EmployersSeptember 21, 2023 | finance.yahoo.comNew Manulife Data Shows Spike in Adult ADHD DiagnosisSeptember 29, 2023 | The Oxford Club (Ad)Better Than Oil Stocks?The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. September 20, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 19 down on Tuesday (MFC-PR-N)September 19, 2023 | benzinga.comManulife Financial Delivers Strong Performance and Growing Profits, Elevating Investor ReturnsSeptember 17, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 19 down on Friday (MFC-PR-N)September 14, 2023 | msn.comMajor life insurers taking steps, but falling short on climate action: reportSeptember 13, 2023 | finance.yahoo.comHere's Why Manulife Financial (MFC) is a Strong Value StockSeptember 7, 2023 | finance.yahoo.comManulife Appoints Maryscott Greenwood as Global Head of Government RelationsSeptember 7, 2023 | finance.yahoo.comManulife Financial Insiders Placed Bullish Bets Worth CA$3.0mSeptember 4, 2023 | finance.yahoo.comHere's Why Investors Should Retain Manulife (MFC) Stock NowAugust 31, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Cl 1 Sh Ser 3 flat on Wednesday (MFC-PR-F)August 30, 2023 | finance.yahoo.comManulife, Herbert Smith Freehills and Hyatt Join Forces to Unleash Hidden Talent Among Singapore Students Through EmpowermentAugust 26, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 17 down on Friday (MFC-PR-M)August 26, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Class 1 Sh Ser 4 up on Friday (MFC-PR-P)August 24, 2023 | finance.yahoo.comManulife (MFC) Enhances Product Suite With New Medicine ProgramAugust 24, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Pref Ser 19 down on Wednesday (MFC-PR-N)August 23, 2023 | theglobeandmail.comClosing Bell: Manulife Financial Corp Pref Series 25 flat on Wednesday (MFC-PR-Q)August 21, 2023 | finance.yahoo.comManulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 13 and Non-cumulative Floating Rate Class 1 Shares Series 14August 17, 2023 | finance.yahoo.comManulife Investment Management Limited Announces Changes to Risk Ratings for Manulife Multifactor U.S. Mid Cap Index ETFAugust 15, 2023 | finance.yahoo.comManulife Investment Management Names Jordy Chilcott as Head of Retail Intermediary Distribution, CanadaSee More Headlines 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 Earnings8/09/2023Ex-Dividend for 9/19 Dividend8/22/2023Dividend Payable9/19/2023Today9/29/2023Next Earnings (Estimated)11/08/2023Fiscal 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$26.33 High Stock Price Forecast$33.00 Low Stock Price Forecast$19.00 Forecasted Upside/Downside+43.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.13 Trailing P/E Ratio8.64 Forward P/E Ratio7.55 P/E Growth0.75Net Income$5.53 billion Net Margins11.87% Pretax Margin14.46% Return on Equity13.53% Return on Assets0.73% Debt Debt-to-Equity Ratio0.15 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$28.94 billion Price / Sales1.16 Cash Flow$2.85 per share Price / Cash Flow6.46 Book Value$20.51 per share Price / Book0.90Miscellaneous Outstanding Shares1,823,121,000Free Float1,822,392,000Market Cap$33.56 billion OptionableOptionable Beta1.12 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Roy Gori (Age 53)Pres, CEO & Director Comp: $4.11MMr. Scott Sears Hartz C.F.A. (Age 62)CFA, Chief Investment Officer Comp: $1.98MMr. Marc M. CostantiniGlobal Head of Inforce ManagementMr. Philip James WitheringtonPres & CEO of Manulife AsiaMr. Colin L. SimpsonChief Financial OfficerMr. Rahul Madhav JoshiChief Operations OfficerMs. Lynda D. SullivanExec. VP & Chief Accounting OfficerMr. Shamus Edward WeilandChief Information OfficerMs. Adrienne O'Neill C.A.C.F.A., CPA, Head of Investor RelationsMr. James David GallagherGen. CounselMore ExecutivesKey CompetitorsPrudential FinancialNYSE:PRUPrudentialNYSE:PUKMetLifeNYSE:METAegonNYSE:AEGCorebridge FinancialNYSE:CRBGView All CompetitorsInstitutional OwnershipST Germain D J Co. Inc.Bought 3,410 shares on 9/7/2023Ownership: 0.000%Alberta Investment Management CorpSold 908,973 shares on 8/24/2023Ownership: 0.163%Wolverine Trading LLCBought 23,800 shares on 8/23/2023Ownership: 0.000%Osaic Holdings Inc.Sold 7,012 shares on 8/21/2023Ownership: 0.009%West Family Investments Inc.Sold 1,348 shares on 8/16/2023Ownership: 0.001%View All Institutional Transactions MFC Stock - Frequently Asked Questions Should I buy or sell Manulife Financial stock right now? 3 Wall Street 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 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 stock. Their MFC share price forecasts range from $19.00 to $33.00. On average, they expect the company's stock price to reach $26.33 in the next twelve months. This suggests a possible upside of 43.0% 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 at the beginning of 2023. Since then, MFC shares have 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 decline in short interest during the month of September. As of September 15th, there was short interest totaling 19,850,000 shares, a decline of 31.6% from the August 31st total of 29,030,000 shares. Based on an average trading volume of 3,400,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 1.1% of the company's stock are short sold. 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, November 8th 2023. View our MFC earnings forecast. How were Manulife Financial's earnings last quarter? Manulife Financial Co. (NYSE:MFC) issued its quarterly earnings data on Wednesday, August, 9th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The financial services provider had revenue of $9 billion for the quarter, compared to analysts' expectations of $11.31 billion. Manulife Financial had a trailing twelve-month return on equity of 13.53% and a net margin of 11.87%. How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial? Manulife Financial announced a quarterly dividend on Wednesday, August 9th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.276 per share on Tuesday, September 19th. This represents a $1.10 annualized dividend and a yield of 6.00%. The ex-dividend date is Tuesday, August 22nd. This is a positive change from the stock's previous quarterly dividend of $0.27. Read our dividend analysis for MFC. Is Manulife Financial a good dividend stock? Manulife Financial (NYSE:MFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 5.98%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 41.35% 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." 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 $33.56 billion and generates $28.94 billion in revenue each year. The financial services provider earns $5.53 billion in net income (profit) each year or $2.13 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 9/29/2023 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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