Manulife Financial - MFC Stock Forecast, Price & News

10 Wall Street equities 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 equities 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.

10 brokers have issued 1 year price objectives for Manulife Financial's shares. 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 58.1% 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 $19.07 at the beginning of 2022. Since then, MFC shares have decreased by 1.3% and is now trading at $18.82.
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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 trading volume of 4,490,000 shares, the short-interest ratio is currently 9.8 days. Approximately 2.3% of the company's stock are short sold.
View Manulife Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MFC earnings forecast.

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 in the prior year, the company posted $0.68 earnings per share.

Manulife Financial announced a quarterly dividend on Wednesday, August 10th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.258 per share on Monday, September 19th. This represents a $1.03 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Monday, August 22nd. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for MFC.

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.03 per share and currently has a dividend yield of 5.45%. 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.

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 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%).

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 $18.82.

Manulife Financial (NYSE:MFC) has a market capitalization of $35.88 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.

The company employs 37,000 workers across the globe.

Manulife Financial was founded in 1887.

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.