NYSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

$17.95

+0.14 (+0.79%)

(As of 11/25/2022 04:00 PM ET)

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Today's Range: $17.80
▼
$18.04
50-Day Range: $15.36
▼
$17.95
52-Week Range: $14.92
▼
$22.19

Volume: 1.16 million shs
Average Volume: 3.59 million shs
Market Capitalization: $33.89 billion

P/E Ratio: 6.11
Dividend Yield: 5.40%
Price Target: $28.86

Manulife Financial MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 60.8% Upside
$28.86 Price Target
Short Interest: Bearish
1.22% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.36
Upright™ Environmental Score
News Sentiment: 0.93
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.96%
From $2.27 to $2.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Finance Sector

107th out of 892 stocks

Life Insurance Industry

2nd out of 21 stocks

3.1

Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $28.86, Manulife Financial has a forecasted upside of 60.8% from its current price of $17.95.
Amount of Analyst Coverage
Manulife Financial has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.22% 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 6.7.
Change versus previous month
Short interest in Manulife Financial has recently increased by 11.91%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 5.40%, 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 32.99%. 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 41.10% 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 26.17% 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", "Retirement saving services", "Real estate funds", "Retail banking services", "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 -0.36.

2.7

News and Social Media Coverage

News Sentiment
Manulife Financial has a news sentiment score of 0.93. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Manulife Financial this week, compared to 2 articles on an average week.
Search Interest
Only 25 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
12 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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
44.50% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Manulife Financial are expected to grow by 3.96% in the coming year, from $2.27 to $2.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 6.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 6.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 166.68.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.79. 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 provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses. Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.

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MFC Stock News Headlines

November 24, 2022 | msn.com

Manulife to outsource Canada real estate services to JLL, resulting in 50 job cuts

November 24, 2022 | finance.yahoo.com

CANADA STOCKS-Toronto blue chips hit over 5-month high on tech, materials boost

November 21, 2022 | finance.yahoo.com

Manulife Wins China Mutual Fund Approval

November 17, 2022 | finance.yahoo.com

Manulife Investment Management wins multiple 2022 Lipper Fund Awards including flagship Manulife Strategic Income Fund

November 12, 2022 | finance.yahoo.com

Manulife Financial Third Quarter 2022 Earnings: EPS: CA$0.68 (vs CA$0.80 in 3Q 2021)

November 11, 2022 | finance.yahoo.com

Manulife Appoints Don Lindsay as Vice Chair of the Board of Directors

November 10, 2022 | finance.yahoo.com

The past three years for Manulife US Real Estate Investment Trust (SGX:BTOU) investors has not been profitable

November 10, 2022 | seekingalpha.com

Manulife Financial Corporation (MFC) Q3 2022 Earnings Call Transcript

November 9, 2022 | theglobeandmail.com

Manulife earning slip on market performance, hurricane costs

November 9, 2022 | seekingalpha.com

Manulife Financial Q3 earnings miss as new business value, GWAM net inflows slide

November 9, 2022 | finance.yahoo.com

Manulife Takes Hit From Continued Covid Restrictions in Asia

November 9, 2022 | finance.yahoo.com

Manulife Investment Management launches new Smart ETFs bringing additional equity options and geographical diversification to investors

November 8, 2022 | finance.yahoo.com

LoanDepot (LDI) Reports Q3 Loss, Tops Revenue Estimates

November 8, 2022 | msn.com

Earnings Preview: Manulife Financial

November 8, 2022 | finance.yahoo.com

Media Advisory - Photo Opportunity: Manulife Displays Over 12,000 Canadian Flags to Remember Our Fallen Heroes

November 8, 2022 | finance.yahoo.com

Bullish Manulife Financial Corporation (TSE:MFC) insiders filled their treasuries with CA$1.3m worth of stock over last year

November 7, 2022 | finance.yahoo.com

BRP Group (BRP) Q3 Earnings and Revenues Surpass Estimates

November 6, 2022 | finance.yahoo.com

15 Biggest Insurance Companies in the World

November 2, 2022 | finance.yahoo.com

Voya Financial (VOYA) Q3 Earnings and Revenues Top Estimates

November 1, 2022 | finance.yahoo.com

Manulife Holdings Berhad's (KLSE:MANULFE) Share Price Is Matching Sentiment Around Its Earnings

October 26, 2022 | finance.yahoo.com

Photo Opportunity: Manulife Displays Over 12,000 Canadian Flags to Remember Our Fallen Heroes

October 25, 2022 | finance.yahoo.com

Manulife Investment Management's Global Intelligence report assesses risks and opportunities in a time of global change and historic headwinds

October 20, 2022 | ca.finance.yahoo.com

Stocks in play: Manulife

October 20, 2022 | finance.yahoo.com

Manulife and Shoppers Drug Mart collaborate to help manage serious medical conditions

September 30, 2022 | nasdaq.com

Manulife Financial Corp. Shares Close in on 52-Week Low - Market Mover

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MFC Company Calendar

Last Earnings: 2/09/2021
Ex-Dividend for 9/19 Dividend: 8/22/2022
Dividend Payable: 9/19/2022
Ex-Dividend for 12/19 Dividend: 11/21/2022
Today: 11/27/2022
Dividend Payable: 12/19/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/08/2023

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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: 37,000
Year Founded: 1887

Price Target and Rating

Average Stock Price Forecast: $28.86
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +60.8%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.94
Trailing P/E Ratio: 6.11
Forward P/E Ratio: 7.91
P/E Growth: 0.79
Net Income: $5.31 billion
Net Margins: N/A
Pretax Margin: 38.71%
Return on Equity: 12.14%
Return on Assets: 0.71%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $49.32 billion
Price / Sales: 0.69
Cash Flow: $3.29 per share
Price / Cash Flow: 5.46
Book Value: $20.15 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 1,888,220,000
Free Float: 1,887,461,000
Market Cap: $33.89 billion
Optionable: Optionable
Beta: 1.14

Social Links

Key Executives

Mr. Rocco Gori (Age 52)
Pres, CEO & Director
Comp: $5.46M

Mr. Philip James Witherington
Chief Financial Officer

Mr. Scott Sears Hartz C.F.A. (Age 61)
CFA, Chief Investment Officer
Comp: $2.36M

Ms. Marianne Harrison (Age 58)
Pres & CEO of John Hancock
Comp: $2.26M

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

Mr. Peter F. Wilkinson
Sr. VP of Regulatory & Public Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings 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?: 7 Wall Street analysts have issued 1 year price targets for Manulife Financial's shares. Their MFC share price forecasts range from $24.00 to $37.00. On average, they anticipate the company's stock price to reach $28.86 in the next year. This suggests a possible upside of 60.8% 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 2022?: Manulife Financial's stock was trading at $19.07 at the beginning of the year. Since then, MFC shares have decreased by 5.9% and is now trading at $17.95.
View the best growth stocks for 2022 here.
When is Manulife Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MFC earnings forecast.
How were Manulife Financial's earnings last quarter?: Manulife Financial Co. (NYSE:MFC) announced its quarterly earnings data on Tuesday, February, 9th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The financial services provider had revenue of $13.71 billion for the quarter. During the same quarter last year, the business earned $0.73 EPS.
How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial?: Manulife Financial announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.242 per share on Monday, December 19th. This represents a $0.97 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for MFC.
Is Manulife Financial a good dividend stock?: Manulife Financial (NYSE:MFC) pays an annual dividend of $0.97 per share and currently has a dividend yield of 5.44%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 41.10% 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."
Who are Manulife Financial's major shareholders?: Manulife Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.63%), Mackenzie Financial Corp (1.74%), TD Asset Management Inc. (1.56%), Beutel Goodman & Co Ltd. (1.32%), Jarislowsky Fraser Ltd (1.30%) and Toronto Dominion Bank (0.95%).
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 $17.95.
How much money does Manulife Financial make?: Manulife Financial (NYSE:MFC) has a market capitalization of $33.89 billion and generates $49.32 billion in revenue each year. The financial services provider earns $5.31 billion in net income (profit) each year or $2.94 on an earnings per share basis.
How many employees does Manulife Financial have?: The company employs 37,000 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 11/27/2022 by MarketBeat.com Staff

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Manulife Financial - MFC Stock Forecast, Price & News

Manulife Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Manulife Financial (NYSE:MFC) Stock

MFC Stock News Headlines

MFC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MFC Stock - Frequently Asked Questions

Overall MarketRank^™