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NYSE:MFC

Manulife Financial (MFC) Stock Forecast, Price & News

$18.28
-0.19 (-1.03%)
(As of 04:00 PM ET)
Compare
Today's Range
$18.26
$18.66
50-Day Range
$17.58
$20.00
52-Week Range
$14.92
$20.40
Volume
1.98 million shs
Average Volume
3.30 million shs
Market Capitalization
$33.33 billion
P/E Ratio
8.58
Dividend Yield
6.02%
Price Target
$26.33

Manulife Financial MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
44.1% Upside
$26.33 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
1.29mentions of Manulife Financial in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.02%
From $2.44 to $2.66 Per Share

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 stars

Finance Sector

22nd out of 868 stocks

Life Insurance Industry

1st out of 22 stocks


MFC stock logo

About Manulife Financial (NYSE:MFC) Stock

Manulife 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.

MFC Price History

MFC Stock News Headlines

5 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.
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!
Manulife's (MFC) John Hancock Launches New Insurance Product
Manulife: Taking A Closer Look At Canadian Life Insurance
New Manulife Data Shows Spike in Adult ADHD Diagnosis
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Here's Why Manulife Financial (MFC) is a Strong Value Stock
See More Headlines
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MFC Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/19 Dividend
8/22/2023
Dividend Payable
9/19/2023
Today
9/29/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
N/A
Sector
Finance
Employees
40,000
Year Founded
1887

Price 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 Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$5.53 billion
Pretax Margin
14.46%

Debt

Sales & Book Value

Annual Sales
$28.94 billion
Cash Flow
$2.85 per share
Book Value
$20.51 per share

Miscellaneous

Outstanding Shares
1,823,121,000
Free Float
1,822,392,000
Market Cap
$33.56 billion
Optionable
Optionable
Beta
1.12

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Key Executives

  • Mr. Roy Gori (Age 53)
    Pres, CEO & Director
    Comp: $4.11M
  • Mr. Scott Sears Hartz C.F.A. (Age 62)
    CFA, Chief Investment Officer
    Comp: $1.98M
  • Mr. Marc M. Costantini
    Global Head of Inforce Management
  • Mr. Philip James Witherington
    Pres & CEO of Manulife Asia
  • Mr. Colin L. Simpson
    Chief Financial Officer
  • Mr. Rahul Madhav Joshi
    Chief Operations Officer
  • Ms. Lynda D. Sullivan
    Exec. 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
  • Mr. James David Gallagher
    Gen. Counsel













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

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