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NYSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

$19.52
-0.13 (-0.66%)
(As of 01/30/2023 11:59 AM ET)
Add
Compare
Today's Range
$19.39
$19.59
50-Day Range
$17.29
$19.93
52-Week Range
$14.92
$22.19
Volume
1.12 million shs
Average Volume
2.64 million shs
Market Capitalization
$36.40 billion
P/E Ratio
6.64
Dividend Yield
4.93%
Price Target
$28.88

Manulife Financial MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
47.5% Upside
$28.88 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.88mentions of Manulife Financial in the last 14 days
Based on 35 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.80%
From $2.24 to $2.37 Per Share

Overall MarketRank

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

3.02 out of 5 stars

Finance Sector

46th out of 891 stocks

Life Insurance Industry

3rd out of 18 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.

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MFC Stock News Headlines

CIBC Boosts Manulife Financial (NYSE:MFC) Price Target to C$27.00
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Get in on an award winning company in the fast growing craft spirits marketpixel
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The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
MFC or BRP: Which Is the Better Value Stock Right Now?
MFC:CA Manulife Financial Corporation
Manulife named to 2022 Dow Jones Sustainability Index
See More Headlines
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MFC Company Calendar

Last Earnings
11/09/2022
Ex-Dividend for 12/19 Dividend
11/21/2022
Dividend Payable
12/19/2022
Today
1/30/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
N/A
Sector
Finance
Employees
37,000
Year Founded
1887

Price Target and Rating

Average Stock Price Forecast
$28.88
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+47.9%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$5.31 billion
Pretax Margin
38.71%

Debt

Sales & Book Value

Annual Sales
$49.32 billion
Cash Flow
$3.26 per share
Book Value
$21.55 per share

Miscellaneous

Outstanding Shares
1,864,900,000
Free Float
1,864,152,000
Market Cap
$36.40 billion
Optionable
Optionable
Beta
1.12

Social Links


Key Executives

  • Mr. Rocco Gori (Age 53)
    Pres, CEO & Director
    Comp: $5.55M
  • Mr. Philip James Witherington
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 62)
    CFA, Chief Investment Officer
    Comp: $2.4M
  • Ms. Marianne Harrison (Age 59)
    Pres & CEO of John Hancock
    Comp: $2.3M
  • 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
  • Mr. Peter F. Wilkinson
    Sr. VP of Regulatory & Public Affairs













MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 5 hold ratings and 2 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.

What is Manulife Financial's stock price forecast for 2023?

7 equities research analysts have issued twelve-month target prices for Manulife Financial's shares. Their MFC share price forecasts range from $25.00 to $37.00. On average, they expect the company's share price to reach $28.88 in the next year. This suggests a possible upside of 47.5% 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 2023?

Manulife Financial's stock was trading at $17.84 at the beginning of the year. Since then, MFC stock has increased by 9.7% and is now trading at $19.57.
View the best growth stocks for 2023 here
.

Are investors shorting Manulife Financial?

Manulife Financial saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 12,310,000 shares, an increase of 16.0% from the December 31st total of 10,610,000 shares. Based on an average daily volume of 3,190,000 shares, the short-interest ratio is currently 3.9 days. Approximately 0.7% of the shares of the company are short sold.
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, February 15th 2023.
View our MFC earnings forecast
.

How can I listen to Manulife Financial's earnings call?

Manulife Financial will be holding an earnings conference call on Thursday, February 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) issued its earnings results on Wednesday, November, 9th. The financial services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.02. The financial services provider had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $11.51 billion.

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

Manulife Financial announced a quarterly dividend on Wednesday, November 9th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.242 per share on Monday, December 19th. This represents a $0.97 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (NYSE:MFC) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.93%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 40.93% 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 number of retail and institutional investors. Top institutional investors include National Bank of Canada FI (1.61%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), M&G Investment Management Ltd. (0.22%), Galibier Capital Management Ltd. (0.14%), Addenda Capital Inc. (0.09%) and Natixis Advisors L.P. (0.02%).

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 $19.57.

How much money does Manulife Financial make?

Manulife Financial (NYSE:MFC) has a market capitalization of $36.50 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 $2.94 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
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 1/30/2023 by MarketBeat.com Staff