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NYSE:MFCManulife Financial Stock Price, Forecast & News

$12.41
-0.16 (-1.27 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$12.12
Now: $12.41
$12.48
50-Day Range
$11.36
MA: $11.95
$13.05
52-Week Range
$8.62
Now: $12.41
$21.23
Volume3.96 million shs
Average Volume3.88 million shs
Market Capitalization$24.07 billion
P/E Ratio7.05
Dividend Yield6.47%
Beta1.28
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers 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. It also provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through insurance agents and brokers affiliated with the company, securities brokerage firms, financial advisors, pension plan consultants, and banks; and banking products, such as deposit and credit products to Canadian customers. In addition, the company is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. Further, it manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life and financial reinsurance, and mutual funds marketing businesses. Additionally, the company holds and manages oil and gas properties; holds oil and gas royalties, and foreign bonds and equities; provides investment management, counseling, advisory, and dealer services; and develops and operates hydro-electric power projects. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.8Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.21 out of 5 stars


Industry, Sector and Symbol

Industry Life insurance
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone416-926-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$59.96 billion
Cash Flow$2.46 per share
Book Value$20.08 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Employees34,000
Outstanding Shares1,939,460,000
Market Cap$24.07 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Manulife Financial (NYSE:MFC) Frequently Asked Questions

How has Manulife Financial's stock been impacted by COVID-19 (Coronavirus)?

Manulife Financial's stock was trading at $14.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MFC stock has decreased by 11.8% and is now trading at $12.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Manulife Financial?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Manulife Financial.

When is Manulife Financial's next earnings date?

Manulife Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Manulife Financial.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) posted its quarterly earnings data on Wednesday, May, 6th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. The financial services provider had revenue of $15.04 billion for the quarter. Manulife Financial had a net margin of 6.20% and a return on equity of 11.48%. During the same period in the previous year, the business earned $0.76 earnings per share. View Manulife Financial's earnings history.

How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial?

Manulife Financial announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.201 per share on Friday, June 19th. This represents a $0.80 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Monday, May 18th. View Manulife Financial's dividend history.

What price target have analysts set for MFC?

7 analysts have issued 1-year price objectives for Manulife Financial's shares. Their forecasts range from $19.00 to $29.00. On average, they expect Manulife Financial's stock price to reach $22.40 in the next year. This suggests a possible upside of 80.5% from the stock's current price. View analysts' price targets for Manulife Financial.

Has Manulife Financial been receiving favorable news coverage?

Media stories about MFC stock have been trending very negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Manulife Financial earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutManulife Financial.

Are investors shorting Manulife Financial?

Manulife Financial saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,240,000 shares, a drop of 5.4% from the April 30th total of 7,650,000 shares. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the company's stock are short sold. View Manulife Financial's Current Options Chain.

Who are some of Manulife Financial's key competitors?

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 Energy Transfer LP Unit (ET), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Ford Motor (F), Bank of Nova Scotia (BNS), Intel (INTC), Pfizer (PFE), Royal Bank of Canada (RY) and Cisco Systems (CSCO).

Who are Manulife Financial's key executives?

Manulife Financial's management team includes the following people:
  • Mr. Rocco Gori, Pres, CEO & Director (Age 49)
  • Mr. Philip James Witherington, Chief Financial Officer
  • Ms. Pamela O. Kimmet, Chief HR Officer (Age 60)
  • Mr. Warren Alfred Thomson FCPA, Chief Investment Officer (Age 64)
  • Ms. Marianne Harrison, Pres & CEO of John Hancock

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 number of retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.90%), Caisse DE Depot ET Placement DU Quebec (1.77%), EdgePoint Investment Group Inc. (1.21%), 1832 Asset Management L.P. (1.13%), Wells Fargo & Company MN (0.58%) and Acadian Asset Management LLC (0.56%).

Which major investors are selling Manulife Financial stock?

MFC stock was sold by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., EdgePoint Investment Group Inc., Toronto Dominion Bank, Fiera Capital Corp, Connor Clark & Lunn Investment Management Ltd., Hexavest Inc., APG Asset Management N.V., and Alberta Investment Management Corp.

Which major investors are buying Manulife Financial stock?

MFC stock was acquired by a variety of institutional investors in the last quarter, including AGF Investments Inc., Acadian Asset Management LLC, Cullen Capital Management LLC, Morgan Stanley, Morgan Stanley, Strs Ohio, 1832 Asset Management L.P., and Janus Henderson Group PLC.

How do I buy shares of Manulife Financial?

Shares of MFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Manulife Financial's stock price today?

One share of MFC stock can currently be purchased for approximately $12.41.

How big of a company is Manulife Financial?

Manulife Financial has a market capitalization of $24.07 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 34,000 workers across the globe.

What is Manulife Financial's official website?

The official website for Manulife Financial is www.manulife.com.

How can I contact Manulife Financial?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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