Manulife Financial (MFC) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

3 equities research analysts have issued 1-year price objectives for Manulife Financial's shares. Their MFC share price forecasts range from $27.00 to $34.00. On average, they predict the company's share price to reach $29.29 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.

Manulife Financial's stock was trading at $17.84 at the beginning of 2023. Since then, MFC shares have increased by 5.0% and is now trading at $18.74.
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Manulife Financial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 28,170,000 shares, an increase of 67.7% from the April 30th total of 16,800,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the short-interest ratio is currently 8.1 days. Approximately 1.5% of the shares of the company are sold short.
View Manulife Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our MFC earnings forecast.

Manulife Financial Co. (NYSE:MFC) posted its earnings results on Tuesday, February, 9th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The financial services provider had revenue of $13.71 billion for the quarter. During the same period last year, the firm posted $0.73 earnings per share.

Manulife Financial announced a quarterly dividend on Wednesday, May 10th. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.269 per share on Monday, June 19th. This represents a $1.08 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Tuesday, May 23rd.
Read our dividend analysis for MFC.

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 5.83%. 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 49.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 41.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFC.

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.

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 Mackenzie Financial Corp (1.69%), National Bank of Canada FI (1.67%), Jarislowsky Fraser Ltd (1.27%), CIBC Asset Management Inc (1.02%), Toronto Dominion Bank (0.81%) and Letko Brosseau & Associates Inc. (0.70%).

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.
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One share of MFC stock can currently be purchased for approximately $18.74.

Manulife Financial (NYSE:MFC) has a market capitalization of $34.59 billion and generates $13.19 billion in revenue each year. The financial services provider earns $5.53 billion in net income (profit) each year or $2.18 on an earnings per share basis.

The company employs 40,000 workers across the globe.

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.