NYSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

$19.06

+0.16 (+0.85%)

(As of 08/16/2022 02:56 PM ET)

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Today's Range: $18.82
▼
$19.17
50-Day Range: $16.49
▼
$19.12
52-Week Range: $16.27
▼
$22.19

Volume: 215,507 shs
Average Volume: 2.62 million shs
Market Capitalization: $36.34 billion

P/E Ratio: 6.23
Dividend Yield: 5.37%
Price Target: $30.38

Manulife Financial MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 55.9% Upside
$29.75 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: 0.71
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

190th out of 924 stocks

Life Insurance Industry

6th out of 19 stocks

3.1

Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $29.75, Manulife Financial has a forecasted upside of 55.9% from its current price of $19.08.
Amount of Analyst Coverage
Manulife Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.29% of the float of Manulife Financial has been sold short.
Short Interest Ratio / Days to Cover
Manulife Financial has a short interest ratio ("days to cover") of 9.8.
Change versus previous month
Short interest in Manulife Financial has recently increased by 108.38%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 5.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Manulife Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 33.66%. 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 39.92% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Manulife Financial has received a 13.50% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Life insurance services for groups", "Retail banking services", "Long term disability insurance services for groups", and "Life insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Manulife Financial is -0.50.

2.1

News and Social Media Coverage

News Sentiment
Manulife Financial has a news sentiment score of 0.71. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Manulife Financial this week, compared to 3 articles on an average week.
Search Interest
Only 29 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

0.8

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
47.04% 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 3.61% in the coming year, from $2.49 to $2.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 6.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 6.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 145.36.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.77. 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 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Analyst Upgrades and Downgrades

MFC has been the topic of a number of analyst reports. Canaccord Genuity Group cut shares of Manulife Financial from a "buy" rating to a "hold" rating in a report on Friday, May 13th. Scotiabank raised shares of Manulife Financial from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, July 27th. Desjardins raised their target price on shares of Manulife Financial from C$24.00 to C$25.00 in a research note on Monday. StockNews.com cut shares of Manulife Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, May 17th. Finally, BMO Capital Markets cut shares of Manulife Financial from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 12th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.75.

Manulife Financial Price Performance

Shares of MFC remained flat at $18.90 during mid-day trading on Tuesday. 10,580 shares of the stock traded hands, compared to its average volume of 2,616,380. The company has a fifty day moving average of $17.63 and a 200-day moving average of $19.19. The company has a market cap of $36.03 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.17. Manulife Financial has a 12 month low of $16.27 and a 12 month high of $22.19.

Manulife Financial (NYSE:MFC - Get Rating) (TSE:MFC) last announced its earnings results on Wednesday, August 10th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.64 by $0.14. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts forecast that Manulife Financial will post 2.49 EPS for the current fiscal year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Tuesday, August 23rd will be issued a $0.258 dividend. This represents a $1.03 annualized dividend and a dividend yield of 5.46%. This is a boost from Manulife Financial's previous quarterly dividend of $0.26. The ex-dividend date is Monday, August 22nd. Manulife Financial's dividend payout ratio (DPR) is presently 33.66%.

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MFC Stock News Headlines

August 10, 2022 | finance.yahoo.com

Manulife’s Canadian Operations Cushion Blow From Covid-Hit Asia

August 10, 2022 | finance.yahoo.com

Manulife Financial (MFC) Q2 Earnings Beat Estimates

August 10, 2022 | msn.com

Manulife reports $1.6B drop in Q2 earnings on market impacts

August 10, 2022 | nasdaq.com

Manulife core profit drops on asset management, Asia sales challenges

August 10, 2022 | markets.businessinsider.com

Manulife Q2 Profit Down; Declares Quarterly Dividend

August 10, 2022 | seekingalpha.com

Manulife Financial Q2 beat reflects U.S., Canada NBV growth, rising book value

August 9, 2022 | americanbankingnews.com

Manulife Financial (MFC) to Release Earnings on Wednesday

August 8, 2022 | finance.yahoo.com

Primerica (PRI) Q2 Earnings and Revenues Miss Estimates

August 6, 2022 | ca.finance.yahoo.com

3 Cheap Stocks With Earnings Yield Above 10%

July 29, 2022 | americanbankingnews.com

Manulife Financial (NYSE:MFC) Stock Rating Upgraded by Scotiabank

July 29, 2022 | americanbankingnews.com

Analysts Set Manulife Financial Co. (NYSE:MFC) Target Price at $29.43

July 27, 2022 | finance.yahoo.com

Manulife to Release Second Quarter 2022 Financial Results

July 27, 2022 | americanbankingnews.com

Research Analysts Offer Predictions for Manulife Financial Co.'s Q2 2022 Earnings (NYSE:MFC)

July 26, 2022 | seekingalpha.com

Wall Street Analysts And The Options Market Suggest Manulife Financial Is Undervalued

July 22, 2022 | americanbankingnews.com

National Bank Financial Cuts Manulife Financial (NYSE:MFC) Price Target to C$25.00

July 22, 2022 | americanbankingnews.com

Brokers Set Expectations for Manulife Financial Co.'s Q2 2022 Earnings (NYSE:MFC)

July 21, 2022 | finance.yahoo.com

Investing in Manulife Financial (TSE:MFC) five years ago would have delivered you a 12% gain

July 18, 2022 | theglobeandmail.com

Manulife Financial Pref Ser 19 stock raised on Thursday.

July 16, 2022 | investing.com

Manulife Financial Corp Pref 3 Class 1 (MFC_pf)

July 16, 2022 | investing.com

Manulife Financial Corp Pref 3 Class 1 (MFC_pf)

July 6, 2022 | marketwatch.com

Manulife Financial Corp. stock falls Wednesday, underperforms market

July 6, 2022 | uk.finance.yahoo.com

Manulife Financial passes this 3-point dividend checklist

July 6, 2022 | msn.com

Top 2 Undervalued Stocks for Bargain Hunters

July 5, 2022 | finance.yahoo.com

John Hancock Celebrates 15 Years of MLK Scholars Program Driving Inclusive Economic Opportunities and Creating a More Equal Playing Field for All

July 5, 2022 | seekingalpha.com

Why Manulife Financial Is A 6% Yield You Don't Want To Miss

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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: 8/16/2022
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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:MFC
CUSIP: N/A
CIK: 1086888
Web: www.manulife.com
Phone: (416) 926-3000
Fax: 416-926-5657
Employees: 37,000
Year Founded: 1887

Price Target and Rating

Average Stock Price Forecast: $29.75
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +59.4%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.06
Trailing P/E Ratio: 6.23
Forward P/E Ratio: 7.65
P/E Growth: 0.77
Net Income: $5.31 billion
Net Margins: N/A
Pretax Margin: 28.01%
Return on Equity: 12.52%
Return on Assets: 0.73%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $49.32 billion
Price / Sales: 0.74
Cash Flow: $3.27 per share
Price / Cash Flow: 5.82
Book Value: $21.55 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 1,906,600,000
Free Float: N/A
Market Cap: $36.34 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?: 10 Wall Street research 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 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 2022?: 10 brokers have issued 1 year target prices 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 $29.75 in the next year. This suggests a possible upside of 57.4% 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 start of the year. Since then, MFC stock has decreased by 0.9% and is now trading at $18.90.
View the best growth stocks for 2022 here.
Are investors shorting Manulife Financial?: Manulife Financial saw a increase in short interest in 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 company's stock 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 earnings results on Wednesday, August, 10th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.64 by $0.14. During the same period last 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 announced a quarterly dividend on Wednesday, August 10th. Investors of record on Tuesday, August 23rd will be given a dividend of $0.258 per share on Monday, September 19th. This represents a $1.03 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Monday, August 22nd. This is an increase 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 5.37%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. 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 39.92% 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 retail and institutional 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 $18.90.
How much money does Manulife Financial make?: Manulife Financial (NYSE:MFC) has a market capitalization of $36.03 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 8/16/2022 by MarketBeat.com Staff

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Manulife Financial - MFC Stock Forecast, Price & News

Manulife Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability