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NYSE:MFC

Manulife Financial Stock Forecast, Price & News

$13.76
+0.06 (+0.44 %)
(As of 09/28/2020 04:49 AM ET)
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Today's Range
$13.55
Now: $13.76
$13.78
50-Day Range
$13.58
MA: $14.74
$15.49
52-Week Range
$8.62
Now: $13.76
$21.23
Volume1.18 million shs
Average Volume2.99 million shs
Market Capitalization$26.69 billion
P/E Ratio9.42
Dividend Yield6.10%
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, the United States, and internationally. 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 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; and provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.85 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$2.31 per share
Book Value$17.90 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Employees34,000
Outstanding Shares1,939,794,000
Market Cap$26.69 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$13.76
+0.06 (+0.44 %)
(As of 09/28/2020 04:49 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Manulife Financial (NYSE:MFC) Frequently Asked Questions

How has Manulife Financial's stock price been impacted by Coronavirus?

Manulife Financial's stock was trading at $14.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MFC shares have decreased by 2.2% and is now trading at $13.76.
View which stocks have been most impacted by COVID-19
.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings and 6 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, November 4th 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, August, 5th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.13. The financial services provider earned $19.83 billion during the quarter. Manulife Financial had a net margin of 4.91% and a return on equity of 11.48%.
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 Friday, August 7th. Stockholders of record on Monday, August 17th will be given a dividend of $0.2111 per share on Monday, September 21st. This represents a $0.84 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date is Friday, August 14th. This is a boost from Manulife Financial's previous quarterly dividend of $0.20.
View Manulife Financial's dividend history
.

What price target have analysts set for MFC?

8 brokers have issued 12 month target prices for Manulife Financial's stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Manulife Financial's stock price to reach $23.33 in the next year. This suggests a possible upside of 69.6% from the stock's current price.
View analysts' price targets for Manulife Financial
.

Are investors shorting Manulife Financial?

Manulife Financial saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,700,000 shares, a drop of 12.3% from the August 15th total of 7,640,000 shares. Based on an average daily volume of 2,370,000 shares, the short-interest ratio is currently 2.8 days. Approximately 0.4% of the company's shares are short sold.
View Manulife Financial's Short Interest
.

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 AT&T (T), Bank of America (BAC), Energy Transfer LP Unit (ET), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), Ford Motor (F) and AbbVie (ABBV).

Who are Manulife Financial's key executives?

Manulife Financial's management team includes the following people:
  • Mr. Rocco Gori, Pres, CEO & Director (Age 50)
  • Mr. Philip James Witherington, Chief Financial Officer
  • Mr. Rahul Madhav Joshi, Exec. VP & COO
  • Ms. Marianne Harrison, Pres & CEO of John Hancock (Age 56)
  • Mr. Anil Wadhwani, CEO & Pres of Manulife Asia

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.04%), Jarislowsky Fraser Ltd (2.28%), TD Asset Management Inc. (2.21%), EdgePoint Investment Group Inc. (1.34%), Bank of Nova Scotia (1.30%) and Great West Life Assurance Co. Can (1.24%).

Which major investors are selling Manulife Financial stock?

MFC stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, FIL Ltd, TD Asset Management Inc., Bank of America Corp DE, Letko Brosseau & Associates Inc., Vanguard Group Inc., Bank of Nova Scotia, and Strs Ohio.

Which major investors are buying Manulife Financial stock?

MFC stock was acquired by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Man Group plc, EdgePoint Investment Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, CIBC Asset Management Inc, Jarislowsky Fraser Ltd, Macquarie Group Ltd., and DekaBank Deutsche Girozentrale.

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 $13.76.

How big of a company is Manulife Financial?

Manulife Financial has a market capitalization of $26.69 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 9/28/2020 by MarketBeat.com Staff

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