NYSE:MFCManulife Financial Stock Price, Forecast & News

$12.51

+0.69 (+5.84 %)

(As of 05/26/2020 03:33 PM ET)

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Today's Range

$11.82

Now: $12.51▼

$12.52

50-Day Range

$11.34

MA: $11.91▼

$13.05

52-Week Range

$8.62

Now: $12.51▼

$21.23

Volume380,139 shs

Average Volume4.30 million shs

Market Capitalization$24.26 billion

P/E Ratio7.11

Dividend Yield7.07%

Beta1.28

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers 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. It also provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through insurance agents and brokers affiliated with the company, securities brokerage firms, financial advisors, pension plan consultants, and banks; and banking products, such as deposit and credit products to Canadian customers. In addition, the company is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. Further, it manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life and financial reinsurance, and mutual funds marketing businesses. Additionally, the company holds and manages oil and gas properties; holds oil and gas royalties, and foreign bonds and equities; provides investment management, counseling, advisory, and dealer services; and develops and operates hydro-electric power projects. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.40, Manulife Financial has a potential upside of 79.1% from its current price of $12.51.
Amount of Analyst Coverage
Manulife Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Manulife Financial has received 424 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Manulife Financial has received 326 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Manulife Financial has received 56.53% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Manulife Financial and other stocks. Vote “Outperform” if you believe MFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 7.07%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Manulife Financial has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 35.71 %. 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 40.00 % next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.

1.0 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 Institutions
47.45% 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 14.94% in the coming year, from $1.74 to $2.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 7.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 7.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.96.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.65. 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 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.21 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Life insurance

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:MFC

Previous Symbol

CUSIPN/A

CIK1086888

Webwww.manulife.com

Phone416-926-3000

Debt

Debt-to-Equity Ratio0.10

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio7.11

Forward P/E Ratio7.19

P/E Growth0.65

Sales & Book Value

Annual Sales$59.96 billion

Price / Sales0.40

Cash Flow$2.71 per share

Price / Cash Flow4.62

Book Value$17.90 per share

Price / Book0.70

Profitability

EPS (Most Recent Fiscal Year)$2.24

Net Income$3.97 billion

Net Margins6.20%

Return on Equity11.48%

Return on Assets0.68%

Miscellaneous

Employees34,000

Outstanding Shares1,939,460,000

Market Cap$24.26 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Manulife Financial (NYSE:MFC) Frequently Asked Questions

How has Manulife Financial's stock been impacted by COVID-19 (Coronavirus)?

Manulife Financial's stock was trading at $14.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MFC shares have decreased by 11.1% and is now trading at $12.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Manulife Financial?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Manulife Financial.

When is Manulife Financial's next earnings date?

Manulife Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Manulife Financial.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) issued its quarterly earnings results on Wednesday, May, 6th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.11. The financial services provider had revenue of $15.04 billion for the quarter. Manulife Financial had a net margin of 6.20% and a return on equity of 11.48%. During the same quarter in the previous year, the business earned $0.76 earnings per share. View Manulife Financial's earnings history.

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

Manulife Financial declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.201 per share on Friday, June 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Monday, May 18th. View Manulife Financial's dividend history.

What price target have analysts set for MFC?

7 brokerages have issued 12-month target prices for Manulife Financial's stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Manulife Financial's stock price to reach $22.40 in the next year. This suggests a possible upside of 79.1% from the stock's current price. View analysts' price targets for Manulife Financial.

Has Manulife Financial been receiving favorable news coverage?

News stories about MFC stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Manulife Financial earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutManulife Financial.

Are investors shorting Manulife Financial?

Manulife Financial saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,240,000 shares, a drop of 5.4% from the April 30th total of 7,650,000 shares. Based on an average daily trading volume, of 3,970,000 shares, the short-interest ratio is presently 1.8 days. Currently, 0.4% of the shares of the company are short sold. View Manulife Financial's Current Options Chain.

Who are some of Manulife Financial's key competitors?

Some companies that are related to Manulife Financial include China Life Insurance (LFC), AXA (AXAHY), Prudential Public (PUK), Metlife (MET), Prudential Financial (PRU), SWISS RE LTD/S (SSREY), Sun Life Financial (SLF), HANNOVER RUECK/S (HVRRY), Legal & General Group (LGEN), AVIVA PLC/ADR (AVVIY), SONY FINL HOLDI/ADR (SNYFY), Globe Life (GL), Lincoln National (LNC), AEGON (AEG) and Reinsurance Group of America (RGA). View all competitors.

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 Energy Transfer LP Unit (ET), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Ford Motor (F), Bank of Nova Scotia (BNS), Intel (INTC), Pfizer (PFE), Royal Bank of Canada (RY) and Cisco Systems (CSCO).

Who are Manulife Financial's key executives?

Manulife Financial's management team includes the following people:

Mr. Rocco Gori, Pres, CEO & Director (Age 49)
Mr. Philip James Witherington, Chief Financial Officer
Ms. Pamela O. Kimmet, Chief HR Officer (Age 60)
Mr. Warren Alfred Thomson FCPA, Chief Investment Officer (Age 64)
Ms. Marianne Harrison, Pres & CEO of John Hancock

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 number of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.90%), Caisse DE Depot ET Placement DU Quebec (1.77%), EdgePoint Investment Group Inc. (1.21%), 1832 Asset Management L.P. (1.13%), Wells Fargo & Company MN (0.58%) and Acadian Asset Management LLC (0.56%).

Which institutional investors are selling Manulife Financial stock?

MFC stock was sold by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., EdgePoint Investment Group Inc., Toronto Dominion Bank, Fiera Capital Corp, Connor Clark & Lunn Investment Management Ltd., Hexavest Inc., APG Asset Management N.V., and Alberta Investment Management Corp.

Which institutional investors are buying Manulife Financial stock?

MFC stock was acquired by a variety of institutional investors in the last quarter, including AGF Investments Inc., Acadian Asset Management LLC, Cullen Capital Management LLC, Morgan Stanley, Strs Ohio, 1832 Asset Management L.P., Janus Henderson Group PLC, and Swiss National Bank.

How do I buy shares of Manulife Financial?

Shares of MFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Manulife Financial's stock price today?

One share of MFC stock can currently be purchased for approximately $12.51.

How big of a company is Manulife Financial?

Manulife Financial has a market capitalization of $24.26 billion and generates $59.96 billion in revenue each year. The financial services provider earns $3.97 billion in net income (profit) each year or $2.24 on an earnings per share basis. Manulife Financial employs 34,000 workers across the globe.

What is Manulife Financial's official website?

The official website for Manulife Financial is www.manulife.com.

How can I contact Manulife Financial?

Manulife Financial's mailing address is 200 BLOOR ST EAST NT-10, TORONTO A6, M4W1E5. The financial services provider can be reached via phone at 416-926-3000 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff