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TSE:MFC

Manulife Financial (MFC) Stock Price, News & Analysis

C$35.96
-0.02 (-0.06%)
(As of 01:26 PM ET)
Today's Range
C$35.85
C$36.32
50-Day Range
C$31.44
C$36.34
52-Week Range
C$23.69
C$36.51
Volume
2.77 million shs
Average Volume
6.41 million shs
Market Capitalization
C$64.73 billion
P/E Ratio
15.43
Dividend Yield
4.45%
Price Target
C$37.30

Manulife Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.7% Upside
C$37.30 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Manulife Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$2.57 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.96 out of 5 stars

MFC stock logo

About Manulife Financial Stock (TSE:MFC)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, 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 offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses. In addition, it provides integrated banking products and services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

MFC Stock Price History

MFC Stock News Headlines

Manulife CEO on Long-Term Care, Growth Strategy and Asia
DBS Keeps Their Buy Rating on Manulife Financial (MFC)
Manulife: Q1 Earnings Snapshot
Is Manulife Stock a Buy, Sell, or Hold?
RBC Capital Reaffirms Their Buy Rating on Manulife Financial (MFC)
See More Headlines
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Company Calendar

Ex-Dividend for 3/19 Dividend
2/27/2024
Dividend Payable
3/19/2024
Ex-Dividend for 6/19 Dividend
5/21/2024
Today
5/23/2024
Dividend Payable
6/19/2024
Next Earnings (Estimated)
8/14/2024

Industry, Sector and Symbol

Industry
Insurance - Life
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
38,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$37.30
High Stock Price Target
C$41.00
Low Stock Price Target
C$33.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
C$4.26 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$27.47 billion
Cash Flow
C$21.21 per share
Book Value
C$25.58 per share

Miscellaneous

Outstanding Shares
1,800,000,000
Free Float
N/A
Market Cap
C$64.73 billion
Optionable
Not Optionable
Beta
1.10
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Key Executives

  • Mr. Roy Gori (Age 54)
    President, CEO & Director
    Comp: $7.01M
  • Mr. Colin L. Simpson
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 63)
    Chief Investment Officer
    Comp: $2.95M
  • Mr. Marc M. Costantini
    Global Head of Inforce Management
  • Mr. Paul Raymon Lorentz
    President and CEO of Global Wealth & Asset Management
  • Mr. Philip James Witherington
    President & CEO of Manulife Asia
  • Mr. Rahul Madhav Joshi
    Chief Operations Officer
  • Ms. Lynda D. Sullivan
    Executive 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

MFC Stock Analysis - 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, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MFC shares.
View MFC analyst ratings
or view top-rated stocks.

What is Manulife Financial's stock price target for 2024?

10 brokerages have issued 12 month price objectives for Manulife Financial's stock. Their MFC share price targets range from C$33.00 to C$41.00. On average, they expect the company's share price to reach C$37.30 in the next twelve months. This suggests a possible upside of 3.7% 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 2024?

Manulife Financial's stock was trading at C$29.28 at the beginning of 2024. Since then, MFC stock has increased by 22.8% and is now trading at C$35.96.
View the best growth stocks for 2024 here
.

When is Manulife Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our MFC earnings forecast
.

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

Manulife Financial declared a quarterly dividend on Wednesday, May 8th. Investors of record on Wednesday, May 22nd will be paid a dividend of 0.40 per share on Wednesday, June 19th. This represents a $1.60 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Tuesday, May 21st.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (TSE:MFC) pays an annual dividend of C$1.60 per share and currently has a dividend yield of 4.40%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 68.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MFC.

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 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).

How do I buy shares of Manulife Financial?

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.
Compare Top Brokerages Here.

This page (TSE:MFC) was last updated on 5/23/2024 by MarketBeat.com Staff

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