Manulife Financial Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 4 hold ratings and 3 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 decline in short interest in March. As of March 31st, there was short interest totaling 6,070,000 shares, a decline of 20.9% from the March 15th total of 7,670,000 shares. Based on an average daily trading volume, of 3,300,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the shares of the stock are short sold.
View Manulife Financial's Short Interest.

Manulife Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Manulife Financial.

Manulife Financial Co. (NYSE:MFC) announced its quarterly earnings results on Tuesday, February, 9th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The financial services provider had revenue of $13.71 billion for the quarter. Manulife Financial had a trailing twelve-month return on equity of 11.14% and a net margin of 7.44%. During the same period in the prior year, the firm earned $0.73 earnings per share.
View Manulife Financial's earnings history.

Manulife Financial's stock was trading at $14.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MFC stock has increased by 51.2% and is now trading at $21.28.
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Manulife Financial announced a quarterly dividend on Friday, May 7th. Stockholders of record on Tuesday, May 18th will be paid a dividend of $0.2285 per share on Monday, June 21st. This represents a $0.91 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Monday, May 17th. This is a positive change from Manulife Financial's previous quarterly dividend of $0.22.
View Manulife Financial's dividend history.

Manulife Financial pays an annual dividend of $0.62 per share and currently has a dividend yield of 2.87%. Manulife Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Manulife Financial is 27.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Manulife Financial will have a dividend payout ratio of 26.72% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.
View Manulife Financial's dividend history.

7 analysts have issued 1 year target prices for Manulife Financial's stock. Their forecasts range from $25.00 to $29.50. On average, they expect Manulife Financial's stock price to reach $27.75 in the next year. This suggests a possible upside of 30.4% 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 AIA Group (AAGIY), AXA (AXAHY), MetLife (MET), China Life Insurance (LFC), Prudential (PUK), Prudential Financial (PRU), Sun Life Financial (SLF), Swiss Re (SSREY), Aviva (AVVIY), Legal & General Group (LGEN), Lincoln National (LNC), Aegon (AEG), Globe Life (GL), Athene (ATH) and Sony Financial (SNYFY).
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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 retail and institutional investors. Top institutional shareholders include Bank of Nova Scotia (1.31%), Scotia Capital Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.49%), Swiss National Bank (0.41%), DekaBank Deutsche Girozentrale (0.30%) and Alberta Investment Management Corp (0.27%).

MFC stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Bank of Nova Scotia, Sumitomo Mitsui Trust Holdings Inc., Alberta Investment Management Corp, Scotia Capital Inc., DekaBank Deutsche Girozentrale, First National Bank of Omaha, and Nicola Wealth Management LTD..

MFC stock was bought by a variety of institutional investors in the last quarter, including GSB Wealth Management LLC, BlackRock Inc., MD Financial Management Inc., AMF Pensionsforsakring AB, Hennessy Advisors Inc., NN Investment Partners Holdings N.V., Cardinal Capital Management Inc., and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH.

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 $21.28.

Manulife Financial has a market capitalization of $41.33 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 37,000 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]