NYSE:MFC Manulife Financial - MFC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Manulife Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. $19.51 -0.14 (-0.71%) (As of 01/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$19.39▼$19.6050-Day Range$17.29▼$19.9352-Week Range$14.92▼$22.19Volume3.73 million shsAverage Volume2.78 million shsMarket Capitalization$36.38 billionP/E Ratio6.64Dividend Yield4.93%Price Target$28.88 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Manulife Financial MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside52.5% Upside$29.75 Price TargetShort InterestHealthy0.65% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.39Upright™ Environmental ScoreNews Sentiment0.93Based on 36 Articles This WeekInsider TradingN/AProj. Earnings Growth5.80%From $2.24 to $2.37 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.02 out of 5 starsFinance Sector46th out of 891 stocksLife Insurance Industry3rd out of 18 stocks 3.1 Analyst's Opinion Consensus RatingManulife Financial has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.75, Manulife Financial has a forecasted upside of 52.5% from its current price of $19.51.Amount of Analyst CoverageManulife Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.65% of the float of Manulife Financial has been sold short.Short Interest Ratio / Days to CoverManulife Financial has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Manulife Financial has recently increased by 16.02%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipManulife Financial is a leading dividend payer. It pays a dividend yield of 4.93%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthManulife Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Manulife Financial is 32.99%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Manulife Financial will have a dividend payout ratio of 40.93% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreManulife Financial has received a 23.71% 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", "Retail banking services", "Retirement saving services", "Real estate funds", "Life insurance services for individuals", and "Long term disability insurance services for groups" products. See details.Environmental SustainabilityThe Environmental Impact score for Manulife Financial is -0.39. Previous Next 3.3 News and Social Media Coverage News SentimentManulife 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 is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 36 news articles for Manulife Financial this week, compared to 3 articles on an average week.Search InterestOnly 15 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat Follows8 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Manulife Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.04% of the stock of Manulife Financial is held by insiders.Percentage Held by Institutions43.42% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Manulife Financial are expected to grow by 5.80% in the coming year, from $2.24 to $2.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Manulife Financial is 6.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Manulife Financial is 6.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 186.90.Price to Earnings Growth RatioManulife Financial has a PEG Ratio of 0.83. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioManulife Financial has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Manulife Financial (NYSE:MFC) StockManulife Financial Corp. engages in the provision of financial services. It operates through the following segments: Asia, Canada, U.S., Global Wealth and Asset Management, and Corporate and Other. The Asia segment refers to insurance and insurance-based wealth accumulation products in Asia. The Canada segment offers insurance-based wealth accumulation products and banking services in Canada. The U.S. segment includes an in-force long-term care insurance business and an in-force annuity business. The Global Wealth and Asset Management segment delivers fee-based wealth solutions to retail, retirement, and institutional customers. The Corporate and Other segment comprises of investment performance on assets backing capital, net of amounts allocated to operating segments, financing costs, costs incurred by the corporate office related to shareholder activities, property and casualty reinsurance business, and run-off reinsurance business lines. The company was founded in 1887 and is headquartered in Toronto, Canada.Read More Receive MFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address MFC Stock News HeadlinesJanuary 29, 2023 | americanbankingnews.comManulife Financial Co. to Post FY2024 Earnings of $2.59 Per Share, National Bank Financial Forecasts (NYSE:MFC)January 28, 2023 | americanbankingnews.comCIBC Boosts Manulife Financial (NYSE:MFC) Price Target to C$27.00January 31, 2023 | UNKNOWN (Ad)Hot craft spirits opportunity you don't want to missAward winning products. Global distribution. New distillery. New products.January 28, 2023 | americanbankingnews.comQ4 2022 EPS Estimates for Manulife Financial Co. Lifted by Desjardins (NYSE:MFC)January 27, 2023 | theglobeandmail.comManulife’s new preventative care partnership responds to increased claims for mental-health leaves, overwhelmed ERsJanuary 26, 2023 | finance.yahoo.comManulife Announces Cleveland Clinic Canada as New Medical DirectorJanuary 26, 2023 | americanbankingnews.comManulife Financial (NYSE:MFC) Price Target Raised to C$26.00 at National Bank FinancialJanuary 26, 2023 | americanbankingnews.comFY2023 EPS Estimates for Manulife Financial Co. Lifted by Cormark (NYSE:MFC)January 31, 2023 | UNKNOWN (Ad)Hot craft spirits opportunity you don't want to missAward winning products. Global distribution. New distillery. New products.January 25, 2023 | marketwatch.comManulife Financial Corp. stock rises Wednesday, outperforms marketJanuary 25, 2023 | americanbankingnews.comFY2022 Earnings Estimate for Manulife Financial Co. (NYSE:MFC) Issued By DesjardinsJanuary 25, 2023 | americanbankingnews.comManulife Financial Co. (NYSE:MFC) to Post FY2022 Earnings of $2.28 Per Share, Cormark ForecastsJanuary 24, 2023 | marketwatch.comManulife Financial Corp. stock rises Tuesday, outperforms marketJanuary 24, 2023 | finance.yahoo.comMFC or BRP: Which Is the Better Value Stock Right Now?January 22, 2023 | americanbankingnews.comManulife Financial Co. (NYSE:MFC) Given Consensus Recommendation of "Hold" by BrokeragesJanuary 21, 2023 | seekingalpha.comMFC:CA Manulife Financial CorporationJanuary 16, 2023 | reuters.comDavos 2023 Job cuts not top of mind, 'phenomenal opportunity' in Asia -Manulife CEOJanuary 16, 2023 | finance.yahoo.comDavos 2023-Job cuts not top of mind, 'phenomenal opportunity' in Asia -Manulife CEOJanuary 16, 2023 | ca.finance.yahoo.comJob cuts not top of mind, 'phenomenal opportunity' in Asia -Manulife CEOJanuary 10, 2023 | finance.yahoo.comGlobal Funds Bolster China Forays as Market Outlook BrightensJanuary 3, 2023 | finance.yahoo.comManulife Financial's (TSE:MFC) investors will be pleased with their 5.3% return over the last three yearsDecember 30, 2022 | ca.finance.yahoo.comManulife Investment Management announces final 2022 cash distributions for Manulife Exchange Traded FundsDecember 20, 2022 | finance.yahoo.comQ4 Earnings Season Update and Analyst Reports for Broadcom, UPS & AmgenDecember 14, 2022 | seekingalpha.comMFC.PRJ:CA Manulife Financial Corporation NONCUM PF1 SER11December 13, 2022 | finance.yahoo.comManulife named to 2022 Dow Jones Sustainability IndexDecember 12, 2022 | finance.yahoo.comManulife Announces 1t.org Pledge to Scale Nature-Based Solutions in Effort to Mitigate Climate ChangeDecember 8, 2022 | msn.comManulife Stock Rose 7% in November: Is it a Buy Today?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address MFC Company Calendar Last Earnings11/09/2022Ex-Dividend for 12/19 Dividend11/21/2022Dividend Payable12/19/2022Today1/30/2023Next Earnings (Confirmed)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Life insurance Sub-IndustryN/A SectorFinance Current SymbolNYSE:MFC CUSIPN/A CIK1086888 Webwww.manulife.com Phone(416) 926-3000Fax416-926-5657Employees37,000Year Founded1887Price Target and Rating Average Stock Price Forecast$29.75 High Stock Price Forecast$37.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+48.0%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.94 Trailing P/E Ratio6.64 Forward P/E Ratio8.71 P/E Growth0.83Net Income$5.31 billion Net MarginsN/A Pretax Margin38.71% Return on Equity12.14% Return on Assets0.71% Debt Debt-to-Equity Ratio0.13 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$49.32 billion Price / Sales0.74 Cash Flow$3.26 per share Price / Cash Flow5.98 Book Value$21.55 per share Price / Book0.91Miscellaneous Outstanding Shares1,864,900,000Free Float1,864,152,000Market Cap$36.38 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesMr. Rocco Gori (Age 53)Pres, CEO & Director Comp: $5.55MMr. Philip James WitheringtonChief Financial OfficerMr. Scott Sears Hartz C.F.A. (Age 62)CFA, Chief Investment Officer Comp: $2.4MMs. Marianne Harrison (Age 59)Pres & CEO of John Hancock Comp: $2.3MMr. Rahul Madhav JoshiChief Operations OfficerMs. Lynda D. SullivanExec. VP & Chief Accounting OfficerMr. Shamus Edward WeilandChief Information OfficerMs. Adrienne O'Neill C.A.C.F.A., CPA, Head of Investor RelationsMr. James David GallagherGen. CounselMr. Peter F. WilkinsonSr. VP of Regulatory & Public AffairsMore ExecutivesKey CompetitorsChina Life InsuranceNYSE:LFCHYPrudential FinancialNYSE:PRUSun Life FinancialNYSE:SLFPrudentialNYSE:PUKMetLifeNYSE:METView All CompetitorsInsiders & InstitutionsSumitomo Mitsui Trust Holdings Inc.Sold 159,307 shares on 1/30/2023Ownership: 0.295%Signaturefd LLCBought 4,189 shares on 1/30/2023Ownership: 0.002%Americana Partners LLCSold 16,939 shares on 1/30/2023Ownership: 0.002%Kistler Tiffany Companies LLCSold 2,761 shares on 1/30/2023Ownership: 0.001%Natixis Advisors L.P.Bought 7,639 shares on 1/27/2023Ownership: 0.021%View All Institutional Transactions MFC Stock - Frequently Asked Questions Should I buy or sell Manulife Financial stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 1-year price objectives for Manulife Financial's stock. Their MFC share price forecasts range from $25.00 to $37.00. On average, they predict the company's share price to reach $29.75 in the next year. This suggests a possible upside of 52.5% 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 2023? Manulife Financial's stock was trading at $17.84 on January 1st, 2023. Since then, MFC stock has increased by 9.4% and is now trading at $19.51. View the best growth stocks for 2023 here. Are investors shorting Manulife Financial? Manulife Financial saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 12,310,000 shares, an increase of 16.0% from the December 31st total of 10,610,000 shares. Based on an average daily trading volume, of 3,190,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.7% of the shares of the stock 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, February 15th 2023. View our MFC earnings forecast. How can I listen to Manulife Financial's earnings call? Manulife Financial will be holding an earnings conference call on Thursday, February 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Manulife Financial's earnings last quarter? Manulife Financial Co. (NYSE:MFC) issued its quarterly earnings data on Wednesday, November, 9th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.02. The financial services provider earned $5.96 billion during the quarter, compared to the consensus estimate of $11.51 billion. How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial? Manulife Financial declared a quarterly dividend on Wednesday, November 9th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.242 per share on Monday, December 19th. This represents a $0.97 annualized dividend and a dividend yield of 4.96%. 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 4.93%. 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 40.93% 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 number of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (1.61%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), M&G Investment Management Ltd. (0.22%), Galibier Capital Management Ltd. (0.14%), Addenda Capital Inc. (0.09%) and Natixis Advisors L.P. (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 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 $19.51. How much money does Manulife Financial make? Manulife Financial (NYSE:MFC) has a market capitalization of $36.38 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 1/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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