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Manulife Financial - MFC Stock Forecast, Price & News

$17.54
-0.41 (-2.28%)
(As of 11/28/2022 01:20 PM ET)
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Today's Range
$17.54
$17.85
50-Day Range
$15.36
$17.95
52-Week Range
$14.92
$22.19
Volume
219,929 shs
Average Volume
4.05 million shs
Market Capitalization
$33.12 billion
P/E Ratio
5.97
Dividend Yield
5.40%
Price Target
$28.86

Manulife Financial MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
63.0% Upside
$28.86 Price Target
Short Interest
Bearish
1.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
0.93mentions of Manulife Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.96%
From $2.27 to $2.36 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Finance Sector

112th out of 894 stocks

Life Insurance Industry

3rd out of 21 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

Manulife Wins China Mutual Fund Approval
Manulife earning slip on market performance, hurricane costs
LoanDepot (LDI) Reports Q3 Loss, Tops Revenue Estimates
Earnings Preview: Manulife Financial
15 Biggest Insurance Companies in the World
Stocks in play: Manulife
See More Headlines
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MFC Company Calendar

Last Earnings
2/09/2021
Ex-Dividend for 9/19 Dividend
8/22/2022
Dividend Payable
9/19/2022
Ex-Dividend for 12/19 Dividend
11/21/2022
Today
11/28/2022
Dividend Payable
12/19/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

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
$28.86
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+64.5%
Consensus Rating
Hold
Rating Score (0-4)
2.14
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
$3.21 per share
Book Value
$21.55 per share

Miscellaneous

Outstanding Shares
1,888,216,000
Free Float
1,887,461,000
Market Cap
$33.12 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Mr. Rocco Gori (Age 52)
    Pres, CEO & Director
    Comp: $5.46M
  • Mr. Philip James Witherington
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 61)
    CFA, Chief Investment Officer
    Comp: $2.36M
  • Ms. Marianne Harrison (Age 58)
    Pres & CEO of John Hancock
    Comp: $2.26M
  • 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 analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings 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.

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

7 Wall Street analysts have issued twelve-month price targets for Manulife Financial's shares. Their MFC share price forecasts range from $24.00 to $37.00. On average, they anticipate the company's share price to reach $28.86 in the next twelve months. This suggests a possible upside of 60.8% 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 start of the year. Since then, MFC shares have decreased by 5.9% and is now trading at $17.95.
View the best growth stocks for 2022 here
.

When is Manulife Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MFC earnings forecast
.

How were Manulife Financial's earnings last quarter?

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

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

Manulife Financial declared a quarterly dividend on Wednesday, November 9th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.242 per share on Monday, December 19th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.39%. 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 5.40%. 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 41.10% 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 Vanguard Group Inc. (3.63%), Mackenzie Financial Corp (1.74%), TD Asset Management Inc. (1.56%), Beutel Goodman & Co Ltd. (1.32%), Jarislowsky Fraser Ltd (1.30%) and Toronto Dominion Bank (0.95%).

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 $17.95.

How much money does Manulife Financial make?

Manulife Financial (NYSE:MFC) has a market capitalization of $33.89 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 11/28/2022 by MarketBeat.com Staff