Manulife Financial (MFC) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. 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.

3 brokers have issued 1 year price objectives for Manulife Financial's stock. Their MFC share price targets range from $19.00 to $33.00. On average, they predict the company's stock price to reach $26.83 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
View analysts price targets for MFC or view top-rated stocks among Wall Street analysts.

Manulife Financial's stock was trading at $17.84 at the start of the year. Since then, MFC shares have increased by 11.8% and is now trading at $19.94.
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Manulife Financial saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 37,160,000 shares, an increase of 42.5% from the October 31st total of 26,070,000 shares. Based on an average trading volume of 3,200,000 shares, the short-interest ratio is currently 11.6 days. Currently, 2.0% of the shares of the stock are short sold.
View Manulife Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our MFC earnings forecast.

Manulife Financial Co. (NYSE:MFC) released its quarterly earnings data on Wednesday, November, 8th. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. The financial services provider had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $11.07 billion. Manulife Financial had a net margin of 10.79% and a trailing twelve-month return on equity of 15.07%.

Manulife Financial announced a quarterly dividend on Wednesday, November 8th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.263 per share on Tuesday, December 19th. This represents a $1.05 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Tuesday, November 21st.
Read our dividend analysis for MFC.

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.05 per share and currently has a dividend yield of 5.30%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 40.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFC.

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.

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).

Manulife Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc (1.61%), National Bank of Canada FI (1.61%), Mackenzie Financial Corp (1.60%), Bank of Nova Scotia (1.32%), Toronto Dominion Bank (0.78%) and CIBC Asset Management Inc (0.77%).

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.
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