NYSE:MFC

Manulife Financial (MFC) Stock Forecast, Price & News

$18.27

-0.20 (-1.08%)

(As of 09/29/2023 ET)

Compare

Today's Range: $18.26
▼
$18.66
50-Day Range: $17.58
▼
$20.00
52-Week Range: $14.92
▼
$20.40

Volume: 2.10 million shs
Average Volume: 3.30 million shs
Market Capitalization: $33.32 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: 1.29
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

3.2

Analyst's Opinion

Consensus Rating
Manulife 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/Downside
According 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 Coverage
Manulife Financial has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.08% of the float of Manulife Financial has been sold short.
Short Interest Ratio / Days to Cover
Manulife Financial has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in Manulife Financial has recently decreased by 31.62%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Manulife 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 Growth
Manulife Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 51.64%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Manulife 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 Sustainability
The Environmental Impact score for Manulife Financial is -0.39.

3.5

News and Social Media Coverage

News Sentiment
Manulife 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 Week
MarketBeat has tracked 11 news articles for Manulife Financial this week, compared to 6 articles on an average week.
Search Interest
Only 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 Follows
10 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.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Manulife Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.04% of the stock of Manulife Financial is held by insiders.
Percentage Held by Institutions
45.02% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Manulife 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 Ratio
Manulife 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MFC Stock News Headlines

August 30, 2023 | marketbeat.com

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.

September 29, 2023 | americanbankingnews.com

Manulife Financial Co. (NYSE:MFC) Short Interest Down 31.6% in September

September 29, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

September 26, 2023 | finance.yahoo.com

Manulife's (MFC) John Hancock Launches New Insurance Product

September 26, 2023 | finance.yahoo.com

Manulife Partners with Leading Health Tech Provider to Deliver the Next Generation of Health Care Experiences to Canadians

September 25, 2023 | seekingalpha.com

Manulife: Taking A Closer Look At Canadian Life Insurance

September 25, 2023 | finance.yahoo.com

John Hancock Introduces Life Insurance with Optional Long-Term Care Protection to Employers

September 21, 2023 | finance.yahoo.com

New Manulife Data Shows Spike in Adult ADHD Diagnosis

September 29, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 20, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Pref Ser 19 down on Tuesday (MFC-PR-N)

September 19, 2023 | benzinga.com

Manulife Financial Delivers Strong Performance and Growing Profits, Elevating Investor Returns

September 17, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Pref Ser 19 down on Friday (MFC-PR-N)

September 14, 2023 | msn.com

Major life insurers taking steps, but falling short on climate action: report

September 13, 2023 | finance.yahoo.com

Here's Why Manulife Financial (MFC) is a Strong Value Stock

September 7, 2023 | finance.yahoo.com

Manulife Appoints Maryscott Greenwood as Global Head of Government Relations

September 7, 2023 | finance.yahoo.com

Manulife Financial Insiders Placed Bullish Bets Worth CA$3.0m

September 4, 2023 | finance.yahoo.com

Here's Why Investors Should Retain Manulife (MFC) Stock Now

August 31, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Cl 1 Sh Ser 3 flat on Wednesday (MFC-PR-F)

August 30, 2023 | finance.yahoo.com

Manulife, Herbert Smith Freehills and Hyatt Join Forces to Unleash Hidden Talent Among Singapore Students Through Empowerment

August 26, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Pref Ser 17 down on Friday (MFC-PR-M)

August 26, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Class 1 Sh Ser 4 up on Friday (MFC-PR-P)

August 24, 2023 | finance.yahoo.com

Manulife (MFC) Enhances Product Suite With New Medicine Program

August 24, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Pref Ser 19 down on Wednesday (MFC-PR-N)

August 23, 2023 | theglobeandmail.com

Closing Bell: Manulife Financial Corp Pref Series 25 flat on Wednesday (MFC-PR-Q)

August 21, 2023 | finance.yahoo.com

Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 13 and Non-cumulative Floating Rate Class 1 Shares Series 14

August 17, 2023 | finance.yahoo.com

Manulife Investment Management Limited Announces Changes to Risk Ratings for Manulife Multifactor U.S. Mid Cap Index ETF

August 15, 2023 | finance.yahoo.com

Manulife Investment Management Names Jordy Chilcott as Head of Retail Intermediary Distribution, Canada

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:MFC
CUSIP: N/A
CIK: 1086888
Web: www.manulife.com
Phone: (416) 926-3000
Fax: 416-926-5657
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

EPS (Most Recent Fiscal Year): $2.13
Trailing P/E Ratio: 8.64
Forward P/E Ratio: 7.55
P/E Growth: 0.75
Net Income: $5.53 billion
Net Margins: 11.87%
Pretax Margin: 14.46%
Return on Equity: 13.53%
Return on Assets: 0.73%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $28.94 billion
Price / Sales: 1.16
Cash Flow: $2.85 per share
Price / Cash Flow: 6.46
Book Value: $20.51 per share
Price / Book: 0.90

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

Key Competitors

View All Competitors

Institutional Ownership

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

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