NYSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

$15.67

-0.06 (-0.38%)

(As of 09/30/2022 09:01 PM ET)

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Today's Range: $15.66
▼
$16.03
50-Day Range: $15.64
▼
$19.12
52-Week Range: $15.48
▼
$22.19

Volume: 4.61 million shs
Average Volume: 4.08 million shs
Market Capitalization: $29.88 billion

P/E Ratio: 5.12
Dividend Yield: 6.57%
Price Target: $29.75

Manulife Financial MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 89.9% Upside
$29.75 Price Target
Short Interest: Healthy
1.86% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.51
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1.59%
From $2.51 to $2.55 Per Share

Overall MarketRank^™

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

2.90 out of 5 stars

Finance Sector

178th out of 923 stocks

Life Insurance Industry

7th out of 19 stocks

3.1

Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $29.75, Manulife Financial has a forecasted upside of 89.9% from its current price of $15.67.
Amount of Analyst Coverage
Manulife Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.86% of the outstanding shares of Manulife Financial have been sold short.
Short Interest Ratio / Days to Cover
Manulife Financial has a short interest ratio ("days to cover") of 11.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Manulife Financial has recently decreased by 11.94%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 6.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Manulife Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 33.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Manulife Financial will have a dividend payout ratio of 40.39% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Manulife Financial has received a 13.50% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Life insurance services for groups", "Retail banking services", "Long term disability insurance services for groups", and "Life insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Manulife Financial is -0.50.

2.5

News and Social Media Coverage

News Sentiment
Manulife Financial has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Manulife Financial this week, compared to 3 articles on an average week.
Search Interest
Only 24 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
MarketBeat Follows
11 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Manulife Financial insiders have not sold or bought any company stock.
Percentage Held by Institutions
44.50% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Manulife Financial are expected to grow by 1.59% in the coming year, from $2.51 to $2.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 5.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 5.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.07.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Manulife Financial has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

September 30, 2022 | nasdaq.com

Manulife Financial Corp. Shares Close in on 52-Week Low - Market Mover

September 29, 2022 | finance.yahoo.com

Manulife Hong Kong research reveals attitude shift on how Hongkongers live with COVID-19

September 27, 2022 | msn.com

TFSA Passive Income: 2 High-Yield Canadian Stocks for Retirees to Buy Now

September 26, 2022 | msn.com

Manulife launches program to teach kids financial literacy

September 22, 2022 | theglobeandmail.com

Manulife Financial: Top 10 Undervalued Financial Services Stocks on TSE (MFC)

September 20, 2022 | nasdaq.com

Interesting MFC Put And Call Options For November 18th

September 20, 2022 | reuters.com

Illumina's Grail expands use of cancer detection test with life insurer deal

September 20, 2022 | finance.yahoo.com

John Hancock becomes the first life insurance carrier to offer access to GRAIL's multi-cancer early detection test to customers

September 17, 2022 | seekingalpha.com

MFC.PRI:CA Manulife Financial Corporation NON CUM PF CL1 9

September 15, 2022 | theglobeandmail.com

Manulife Financial: Top 10 Undervalued Insurance Industry Stocks on TSE (MFC)

September 1, 2022 | finance.yahoo.com

With 52% institutional ownership, Manulife Financial Corporation (TSE:MFC) is a favorite amongst the big guns

August 10, 2022 | finance.yahoo.com

Manulife’s Canadian Operations Cushion Blow From Covid-Hit Asia

August 10, 2022 | finance.yahoo.com

Manulife Financial (MFC) Q2 Earnings Beat Estimates

August 10, 2022 | msn.com

Manulife reports $1.6B drop in Q2 earnings on market impacts

August 10, 2022 | nasdaq.com

Manulife core profit drops on asset management, Asia sales challenges

August 10, 2022 | markets.businessinsider.com

Manulife Q2 Profit Down; Declares Quarterly Dividend

August 10, 2022 | seekingalpha.com

Manulife Financial Q2 beat reflects U.S., Canada NBV growth, rising book value

August 8, 2022 | finance.yahoo.com

Primerica (PRI) Q2 Earnings and Revenues Miss Estimates

August 6, 2022 | ca.finance.yahoo.com

3 Cheap Stocks With Earnings Yield Above 10%

July 27, 2022 | finance.yahoo.com

Manulife to Release Second Quarter 2022 Financial Results

July 26, 2022 | seekingalpha.com

Wall Street Analysts And The Options Market Suggest Manulife Financial Is Undervalued

July 21, 2022 | finance.yahoo.com

Investing in Manulife Financial (TSE:MFC) five years ago would have delivered you a 12% gain

July 18, 2022 | theglobeandmail.com

Manulife Financial Pref Ser 19 stock raised on Thursday.

July 16, 2022 | investing.com

Manulife Financial Corp Pref 3 Class 1 (MFC_pf)

July 16, 2022 | investing.com

Manulife Financial Corp Pref 3 Class 1 (MFC_pf)

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30 days | 90 days | 365 days | Advanced Chart

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MFC Company Calendar

Last Earnings: 8/10/2022
Ex-Dividend for 9/19 Dividend: 8/22/2022
Dividend Payable: 9/19/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:MFC
CUSIP: N/A
CIK: 1086888
Web: www.manulife.com
Phone: (416) 926-3000
Fax: 416-926-5657
Employees: 37,000
Year Founded: 1887

Price Target and Rating

Average Stock Price Forecast: $29.75
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +89.9%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.06
Trailing P/E Ratio: 5.12
Forward P/E Ratio: 6.24
P/E Growth: 0.63
Net Income: $5.31 billion
Net Margins: N/A
Pretax Margin: 28.01%
Return on Equity: 12.52%
Return on Assets: 0.73%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $49.32 billion
Price / Sales: 0.61
Cash Flow: $3.27 per share
Price / Cash Flow: 4.79
Book Value: $21.55 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 1,906,598,000
Free Float: N/A
Market Cap: $29.88 billion
Optionable: Optionable
Beta: 1.16

Social Links

Key Executives

Mr. Rocco Gori (Age 52)
Pres, CEO & Director
Comp: $5.74M

Mr. Philip James Witherington
Chief Financial Officer

Mr. Scott Sears Hartz C.F.A. (Age 61)
CFA, Chief Investment Officer
Comp: $2.48M

Ms. Marianne Harrison (Age 58)
Pres & CEO of John Hancock
Comp: $2.37M

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?: 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.
What is Manulife Financial's stock price forecast for 2022?: 10 equities research analysts have issued 12 month target prices for Manulife Financial's shares. Their MFC share price forecasts range from $25.00 to $37.00. On average, they anticipate the company's stock price to reach $29.75 in the next twelve months. This suggests a possible upside of 89.9% 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 beginning of 2022. Since then, MFC shares have decreased by 17.8% and is now trading at $15.67.
View the best growth stocks for 2022 here.
Are investors shorting Manulife Financial?: Manulife Financial saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 35,540,000 shares, a decrease of 11.9% from the August 31st total of 40,360,000 shares. Based on an average trading volume of 3,140,000 shares, the days-to-cover ratio is currently 11.3 days.
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 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 earnings per share.
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 paid a dividend of $0.258 per share on Monday, September 19th. This represents a $1.03 annualized dividend and a dividend yield of 6.59%. 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 6.56%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 40.39% 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."
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 $15.67.
How much money does Manulife Financial make?: Manulife Financial (NYSE:MFC) has a market capitalization of $29.88 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.
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 10/3/2022 by MarketBeat.com Staff

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Manulife Financial - MFC Stock Forecast, Price & News

Manulife Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows