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Manulife Financial - MFC Stock Forecast, Price & News

+0.14 (+0.74%)
(As of 08/16/2022 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
2.36 million shs
Average Volume
2.38 million shs
Market Capitalization
$36.30 billion
P/E Ratio
Dividend Yield
Price Target

Manulife Financial MarketRank™ Forecast

Analyst Rating
2.20 Rating Score
56.3% Upside
$29.75 Price Target
Short Interest
2.29% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.78mentions of Manulife Financial in the last 14 days
Based on 13 Articles This Week
Insider Trading
Proj. Earnings Growth
From $2.52 to $2.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Finance Sector

190th out of 924 stocks

Life Insurance Industry

6th out of 19 stocks

MFC stock logo

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.

Manulife Financial Stock Performance

Shares of MFC opened at $19.04 on Wednesday. The stock has a market capitalization of $36.30 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.75 and a beta of 1.17. The stock has a 50 day moving average price of $17.63 and a 200 day moving average price of $19.19. Manulife Financial has a one year low of $16.27 and a one year high of $22.19.

Manulife Financial (NYSE:MFC - Get Rating) (TSE:MFC) last posted its quarterly 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 company posted $0.68 earnings per share. On average, analysts predict that Manulife Financial will post 2.52 earnings per share for the current year.

Manulife Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.258 per share. The ex-dividend date is Monday, August 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.42%. This is a positive change from Manulife Financial's previous quarterly dividend of $0.26. Manulife Financial's dividend payout ratio (DPR) is presently 33.66%.

Analyst Ratings Changes

MFC has been the topic of a number of research reports. Desjardins upped their target price on shares of Manulife Financial from C$24.00 to C$25.00 in a research report on Monday. Canaccord Genuity Group cut Manulife Financial from a "buy" rating to a "hold" rating in a report on Friday, May 13th. StockNews.com cut shares of Manulife Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, May 17th. Canaccord Genuity Group lowered shares of Manulife Financial from a "buy" rating to a "hold" rating in a research note on Friday, May 13th. Finally, Scotiabank upgraded Manulife Financial from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $29.75.

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MFC Stock News Headlines

Manulife Financial (NYSE:MFC) PT Raised to C$25.00 at Desjardins
Manulife Financial (MFC) Q2 Earnings Beat Estimates
Manulife Q2 Profit Down; Declares Quarterly Dividend
Manulife Financial (MFC) to Release Earnings on Wednesday
3 Cheap Stocks With Earnings Yield Above 10%
3 Oversold Stocks to Buy for a TFSA
See More Headlines
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MFC Company Calendar

Ex-Dividend for 6/20 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 9/19 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Life insurance
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
10 Analysts


Net Income
$5.31 billion
Pretax Margin


Sales & Book Value

Annual Sales
$49.32 billion
Cash Flow
$3.31 per share
Book Value
$20.18 per share


Outstanding Shares
Free Float
Market Cap
$36.30 billion

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

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 year. 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 equities research analysts have issued 1 year price targets 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 twelve months. This suggests a possible upside of 56.3% 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 shares have decreased by 0.2% and is now trading at $19.04.
View the best growth stocks for 2022 here

Are investors shorting Manulife Financial?

Manulife Financial saw a increase in short interest in 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 currently 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 quarterly earnings results on Wednesday, August, 10th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.14. During the same period last year, the company posted $0.68 EPS.

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 annualized dividend and a yield of 5.42%. The ex-dividend date is Monday, August 22nd. This is a boost 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 5.43%. 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 39.31% 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 many different institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (1.82%), TD Asset Management Inc. (1.55%), Bank of Nova Scotia (1.51%), Jarislowsky Fraser Ltd (1.32%), Price T Rowe Associates Inc. MD (1.13%) and Letko Brosseau & Associates Inc. (0.74%).

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 $19.04.

How much money does Manulife Financial make?

Manulife Financial (NYSE:MFC) has a market capitalization of $36.30 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 8/17/2022 by MarketBeat.com Staff

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