Manulife Financial Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Manulife Financial stock. 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.
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Manulife Financial saw a drop in short interest in the month of February. As of February 12th, there was short interest totaling 5,500,000 shares, a drop of 26.7% from the January 28th total of 7,500,000 shares. Based on an average daily trading volume, of 2,840,000 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the company's stock are sold short.
View Manulife Financial's Short Interest.

Manulife Financial is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Manulife Financial.

Manulife Financial Co. (NYSE:MFC) announced its quarterly earnings data on Tuesday, February, 9th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.02. Manulife Financial had a net margin of 7.44% and a trailing twelve-month return on equity of 11.14%. During the same period in the previous year, the firm posted $0.73 EPS.
View Manulife Financial's earnings history.

Manulife Financial's stock was trading at $14.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MFC stock has increased by 41.6% and is now trading at $19.92.
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Manulife Financial declared a quarterly dividend on Friday, February 12th. Shareholders of record on Tuesday, February 23rd will be paid a dividend of $0.2205 per share on Friday, March 19th. This represents a $0.88 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Monday, February 22nd. This is an increase from Manulife Financial's previous quarterly dividend of $0.21.
View Manulife Financial's dividend history.

Manulife Financial pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.11%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Manulife Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Manulife Financial is 37.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Manulife Financial will have a dividend payout ratio of 36.21% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.
View Manulife Financial's dividend history.

9 Wall Street analysts have issued 1-year price targets for Manulife Financial's shares. Their forecasts range from $19.00 to $26.00. On average, they expect Manulife Financial's share price to reach $23.60 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
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438 employees have rated Manulife Financial CEO Roy Gori on Glassdoor.com. Roy Gori has an approval rating of 94% among Manulife Financial's employees. This puts Roy Gori in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Manulife Financial include AXA (AXAHY), China Life Insurance (LFC), Prudential (PUK), MetLife (MET), Prudential Financial (PRU), Swiss Re (SSREY), Sun Life Financial (SLF), Aviva (AVVIY), Legal & General Group Plc (LGEN.L) (LGEN), Aegon (AEG), Lincoln National (LNC), Sony Financial (SNYFY), Globe Life (GL), Athene (ATH) and Reinsurance Group of America (RGA).
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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).

Manulife Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "MFC."

Manulife Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (1.61%), FIL Ltd (1.51%), Letko Brosseau & Associates Inc. (0.81%), Wells Fargo & Company MN (0.73%), CIBC Asset Management Inc (0.71%) and Toronto Dominion Bank (0.68%).

MFC stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, AGF Investments Inc., Renaissance Technologies LLC, Letko Brosseau & Associates Inc., Scheer Rowlett & Associates Investment Management Ltd., M&G Investment Management Ltd., Morgan Stanley, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

MFC stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, CIBC Asset Management Inc, Cardinal Capital Management Inc., Janus Henderson Group PLC, Wells Fargo & Company MN, Strs Ohio, Jupiter Asset Management Ltd., and Toronto Dominion Bank.

Shares of MFC 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.
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One share of MFC stock can currently be purchased for approximately $19.92.

Manulife Financial has a market capitalization of $38.65 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 35,000 workers across the globe.

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.

Manulife Financial was founded in 1887.

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

Manulife Financial is headquartered at 200 BLOOR ST EAST NT-10, TORONTO A6, M4W1E5.

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]