Manulife Financial - MFC Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 6 hold ratings and 1 buy rating 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.

7 equities research analysts have issued 12 month target prices for Manulife Financial's shares. Their MFC share price forecasts range from $27.00 to $34.00. On average, they anticipate the company's stock price to reach $29.29 in the next year. This suggests a possible upside of 65.0% from the stock's current price.
View analysts price targets for MFC or view top-rated stocks among Wall Street analysts.

Manulife Financial's stock was trading at $17.84 on January 1st, 2023. Since then, MFC stock has decreased by 0.5% and is now trading at $17.75.
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Manulife Financial saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 67,010,000 shares, an increase of 32.1% from the February 13th total of 50,720,000 shares. Based on an average trading volume of 3,190,000 shares, the days-to-cover ratio is presently 21.0 days. Approximately 3.6% of the company's stock are sold short.
View Manulife Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our MFC earnings forecast.

Manulife Financial Co. (NYSE:MFC) released its 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 earned $13.71 billion during the quarter. During the same period last year, the company posted $0.73 EPS.

Manulife Financial declared a quarterly dividend on Wednesday, February 15th. Investors of record on Tuesday, February 28th will be given a dividend of $0.274 per share on Monday, March 20th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Monday, February 27th. This is an increase from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for MFC.

Manulife Financial (NYSE:MFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 6.09%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFC will have a dividend payout ratio of 42.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFC.

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.

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).

Manulife Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "MFC."

Manulife Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (1.75%), National Bank of Canada FI (1.61%), TD Asset Management Inc (1.56%), Bank of Nova Scotia (1.37%), Jarislowsky Fraser Ltd (1.29%) and Norges Bank (1.22%).

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.
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One share of MFC stock can currently be purchased for approximately $17.75.

Manulife Financial (NYSE:MFC) has a market capitalization of $32.97 billion and generates $13.19 billion in revenue each year. The financial services provider earns $5.53 billion in net income (profit) each year or $2.82 on an earnings per share basis.

The company employs 40,000 workers across the globe.

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.