Manulife Financial (MFC) Stock Price, News & Analysis

$23.48
-0.11 (-0.47%)
(As of 04/24/2024 ET)
Today's Range
$23.36
$23.66
50-Day Range
$22.78
$24.99
52-Week Range
$17.07
$25.14
Volume
1.47 million shs
Average Volume
3.23 million shs
Market Capitalization
$42.28 billion
P/E Ratio
12.16
Dividend Yield
5.07%
Price Target
$33.33

Manulife Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.0% Upside
$33.33 Price Target
Short Interest
Healthy
0.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
1.53mentions of Manulife Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.59%
From $2.71 to $2.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Finance Sector

6th out of 855 stocks

Life Insurance Industry

1st out of 20 stocks

MFC stock logo

About Manulife Financial Stock (NYSE:MFC)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, 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 the 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. In addition, it provides integrated banking products and services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

MFC Stock Price History

MFC Stock News Headlines

Manulife to Release First Quarter 2024 Results
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3 Stocks to Buy for Both Dividends and Value in March
Manulife Financial Corp Pref N (MFC_pn)
AQN Jul 2024 10.000 put
Manulife to host Investor Day in Asia
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/19 Dividend
2/27/2024
Dividend Payable
3/19/2024
Today
4/24/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$33.33
High Stock Price Target
$35.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+42.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$4.05 billion
Pretax Margin
13.06%

Debt

Sales & Book Value

Annual Sales
$36.10 billion
Cash Flow
$3.32 per share
Book Value
$17.25 per share

Miscellaneous

Outstanding Shares
1,801,130,000
Free Float
1,800,408,000
Market Cap
$42.24 billion
Optionable
Optionable
Beta
1.08

Social Links

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Key Executives

  • Mr. Roy Gori (Age 54)
    President, CEO & Director
    Comp: $5.16M
  • Mr. Colin L. Simpson
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 63)
    Chief Investment Officer
    Comp: $2.17M
  • Mr. Marc M. Costantini
    Global Head of Inforce Management
  • Mr. Paul Raymon Lorentz
    President and CEO of Global Wealth & Asset Management
  • Mr. Philip James Witherington
    President & CEO of Manulife Asia
  • Mr. Rahul Madhav Joshi
    Chief Operations Officer
  • Ms. Lynda D. Sullivan
    Executive 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

Should I Buy Manulife Financial Stock? MFC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Manulife Financial Co.:

  • Manulife Financial Corporation provides a wide range of financial products and services in various regions, offering diversification opportunities for investors.
  • Recent developments in the company's integrated banking products and services indicate potential growth and expansion in its offerings.
  • The company's long history since its incorporation in 1887 showcases stability and experience in the financial industry.
  • Manulife Financial Co. has shown resilience and adaptability in navigating changing market conditions, providing confidence to investors.
  • Current stock price of Manulife Financial Co. reflects positive market sentiment and potential for future growth.

Cons

Investors should be bearish about investing in Manulife Financial Co. for these reasons:

  • Despite its diverse product offerings, Manulife Financial Co. may face competition from other financial institutions, impacting its market share.
  • Market volatility and economic uncertainties could affect the company's financial performance and stock value.
  • Regulatory changes in the financial industry may pose challenges for Manulife Financial Co. in terms of compliance and operational costs.
  • Global economic conditions and geopolitical factors could impact the company's international operations and revenue streams.
  • Investors should carefully monitor the company's financial reports and market trends to make informed investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Manulife Financial pros and cons to contact@marketbeat.com.

MFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MFC shares.
View MFC analyst ratings
or view top-rated stocks.

What is Manulife Financial's stock price target for 2024?

5 brokerages have issued 1 year price targets for Manulife Financial's stock. Their MFC share price targets range from $32.00 to $35.00. On average, they predict the company's share price to reach $33.33 in the next twelve months. This suggests a possible upside of 42.0% 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 2024?

Manulife Financial's stock was trading at $22.10 on January 1st, 2024. Since then, MFC shares have increased by 6.2% and is now trading at $23.4750.
View the best growth stocks for 2024 here
.

Are investors shorting Manulife Financial?

Manulife Financial saw a decrease in short interest in March. As of March 31st, there was short interest totaling 7,520,000 shares, a decrease of 33.5% from the March 15th total of 11,310,000 shares. Based on an average daily volume of 3,310,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.4% of the company's shares 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, May 8th 2024.
View our MFC earnings forecast
.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) issued its quarterly earnings results on Wednesday, February, 14th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The financial services provider had revenue of $10.96 billion for the quarter, compared to analyst estimates of $7.57 billion. Manulife Financial had a net margin of 10.42% and a trailing twelve-month return on equity of 15.98%.

How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial?

Manulife Financial declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.298 per share on Tuesday, March 19th. This represents a $1.19 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.19 per share and currently has a dividend yield of 5.08%. 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 61.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 40.07% 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).

Who are Manulife Financial's major shareholders?

Manulife Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Cardinal Capital Management Inc. (0.29%), Addenda Capital Inc. (0.08%), Galibier Capital Management Ltd. (0.06%), Dixon Mitchell Investment Counsel Inc. (0.03%) and Raymond James & Associates (0.02%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:MFC) was last updated on 4/24/2024 by MarketBeat.com Staff

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