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High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
MUST WATCH: Unusual 3-second financial maneuver (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
MUST WATCH: Unusual 3-second financial maneuver (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
MUST WATCH: Unusual 3-second financial maneuver (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

$19.12
+0.42 (+2.25%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.80
$19.13
50-Day Range
$16.49
$19.12
52-Week Range
$16.27
$22.19
Volume
2.28 million shs
Average Volume
2.62 million shs
Market Capitalization
$36.45 billion
P/E Ratio
6.25
Dividend Yield
5.37%
Price Target
$30.38

Manulife Financial MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
58.9% Upside
$30.38 Price Target
Short Interest
Bearish
2.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.70mentions of Manulife Financial in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.61%
From $2.49 to $2.58 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Finance Sector

192nd out of 926 stocks

Life Insurance Industry

6th out of 19 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 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MFC. Desjardins cut Manulife Financial from a "buy" rating to a "hold" rating in a report on Friday, May 13th. TD Securities decreased their target price on Manulife Financial from C$37.00 to C$34.00 in a report on Thursday, May 12th. BMO Capital Markets cut Manulife Financial from an "outperform" rating to a "market perform" rating in a report on Thursday, May 12th. Scotiabank upgraded Manulife Financial from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, July 27th. Finally, National Bank Financial lowered their price target on Manulife Financial from C$26.00 to C$25.00 in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.38.

Manulife Financial Price Performance

MFC traded up $0.42 during trading on Friday, reaching $19.12. 2,283,219 shares of the stock traded hands, compared to its average volume of 2,617,247. The stock has a market cap of $36.45 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17. Manulife Financial has a fifty-two week low of $16.27 and a fifty-two week high of $22.19. The stock's 50-day simple moving average is $17.62 and its two-hundred day simple moving average is $19.22.

Manulife Financial (NYSE:MFC - Get Rating) (TSE:MFC) last released its quarterly earnings data on Wednesday, August 10th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. During the same period last year, the firm posted $0.68 EPS. Research analysts anticipate that Manulife Financial will post 2.5 earnings per share for the current fiscal year.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Tuesday, August 23rd will be given a $0.258 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.40%. This is a boost from Manulife Financial's previous quarterly dividend of $0.26. Manulife Financial's payout ratio is currently 33.66%.

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MFC Stock News Headlines

Manulife Financial (MFC) Q2 Earnings Beat Estimates
Manulife Q2 Profit Down; Declares Quarterly Dividend
Manulife Financial (MFC) to Release Earnings on Wednesday
3 Cheap Stocks With Earnings Yield Above 10%
See More Headlines
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MFC Company Calendar

Ex-Dividend for 6/20 Dividend
5/24/2022
Dividend Payable
6/20/2022
Last Earnings
8/10/2022
Today
8/14/2022
Ex-Dividend for 9/19 Dividend
8/22/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
N/A
Sector
Finance
Employees
37,000
Year Founded
1887

Price Target and Rating

Average Stock Price Forecast
$30.38
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+58.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$5.31 billion
Pretax Margin
28.01%

Debt

Sales & Book Value

Annual Sales
$49.32 billion
Cash Flow
$3.29 per share
Book Value
$20.18 per share

Miscellaneous

Outstanding Shares
1,906,600,000
Free Float
N/A
Market Cap
$36.45 billion
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Mr. Rocco Gori (Age 52)
    Pres, CEO & Director
    Comp: $5.85M
  • Mr. Philip James Witherington
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 61)
    CFA, Chief Investment Officer
    Comp: $2.53M
  • Ms. Marianne Harrison (Age 58)
    Pres & CEO of John Hancock
    Comp: $2.42M
  • 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
  • Ms. Karen A. Leggett
    Chief Marketing Officer













MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 2022?

10 Wall Street analysts have issued 1-year price objectives for Manulife Financial's shares. Their MFC share price forecasts range from $25.00 to $37.00. On average, they predict the company's stock price to reach $30.38 in the next twelve months. This suggests a possible upside of 58.9% 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 stock has increased by 0.3% and is now trading at $19.12.
View the best growth stocks for 2022 here
.

Are investors shorting Manulife Financial?

Manulife Financial saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 43,990,000 shares, an increase of 108.4% from the July 15th total of 21,110,000 shares. Based on an average daily trading volume, of 4,490,000 shares, the days-to-cover ratio is presently 9.8 days. Approximately 2.3% of the shares of the company are sold short.
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 2nd 2022.
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, 10th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. During the same quarter in the previous year, the company posted $0.68 earnings per share.

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

Manulife Financial declared a quarterly dividend on Wednesday, August 10th. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.258 per share on Monday, September 19th. This represents a $1.03 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Monday, August 22nd. 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 $1.03 per share and currently has a dividend yield of 5.49%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 39.46% 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 a variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (1.82%), TD Asset Management Inc. (1.55%), Bank of Nova Scotia (1.51%), Jarislowsky Fraser Ltd (1.32%), Letko Brosseau & Associates Inc. (0.74%) and Wells Fargo & Company MN (0.69%).

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 $19.12.

How much money does Manulife Financial make?

Manulife Financial (NYSE:MFC) has a market capitalization of $36.45 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 $3.06 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

When was Manulife Financial founded?

Manulife Financial was founded in 1887.

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 8/14/2022 by MarketBeat.com Staff

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