Manulife Financial (MFC) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 4 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.

5 equities research analysts have issued twelve-month price objectives for Manulife Financial's stock. Their MFC share price forecasts range from C$24.00 to C$35.00. On average, they predict the company's share price to reach C$28.65 in the next year. This suggests a possible upside of 15.4% 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 C$24.15 on January 1st, 2023. Since then, MFC shares have increased by 2.8% and is now trading at C$24.82.
View the best growth stocks for 2023 here.

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

Manulife Financial Co. (TSE:MFC) issued its quarterly earnings results on Wednesday, August, 9th. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The financial services provider earned $12.09 billion during the quarter, compared to analysts' expectations of $15.64 billion. Manulife Financial had a trailing twelve-month return on equity of 25.43% and a net margin of 65.04%.

Manulife Financial declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Wednesday, August 23rd will be given a dividend of 0.365 per share on Tuesday, September 19th. This represents a $1.46 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for MFC.

Manulife Financial (TSE:MFC) pays an annual dividend of C$1.46 per share and currently has a dividend yield of 5.72%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 21.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MFC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manulife Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Royal Bank of Canada (RY), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV) and Suncor Energy (SU).

Manulife Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MFC."

Shares of MFC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MFC stock can currently be purchased for approximately C$24.82.

Manulife Financial (TSE:MFC) has a market capitalization of C$45.17 billion and generates C$20.09 billion in revenue each year. The financial services provider earns C$12.77 billion in net income (profit) each year or C$6.70 on an earnings per share basis.

The company employs 40,000 workers across the globe.

Manulife Financial's mailing address is 1-200 Bloor St E, TORONTO, ON M4W 1E5, Canada. The official website for the company is www.manulife.com. The financial services provider can be reached via phone at +1-416-9263427.