TSE:MFCManulife Financial Stock Price, Forecast & News

C$16.04

-0.37 (-2.25 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

C$15.72

Now: C$16.04▼

C$16.41

50-Day Range

C$12.97

MA: C$20.36▼

C$26.62

52-Week Range

C$12.58

Now: C$16.04▼

C$27.78

Volume3.34 million shs

Average Volume8.26 million shs

Market CapitalizationC$31.15 billion

P/E Ratio5.79

Dividend Yield6.83%

BetaN/A

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, and the United States. 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 insurance 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; provides investment management, counseling, advisory, and dealer services; and develops and operates hydro-electric power projects. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$28.57, Manulife Financial has a potential upside of 78.1% from its current price of C$16.04.
Amount of Analyst Coverage
Manulife Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
Manulife Financial has received 530 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Manulife Financial has received 379 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Manulife Financial has received 58.31% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Manulife Financial and other stocks. Vote “Outperform” if you believe MFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Manulife Financial is a leading dividend payer. It pays a dividend yield of 6.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Manulife Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Manulife Financial is 36.10 %. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Manulife Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$422,356.00 in company stock.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Manulife Financial are expected to decrease by -100.00% in the coming year, from C$3.32 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 5.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 5.79, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 9.44.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.41. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Manulife Financial has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Insurance - Life

Sub-IndustryN/A

SectorFinancial Services

Current SymbolTSE:MFC

Previous Symbol

CUSIPN/A

CIKN/A

Webhttp://www.manulife.com/

Phone+1-416-9263427

Debt

Debt-to-Equity Ratio40.78

Current Ratio4.82

Quick Ratio2.11

Price-To-Earnings

Trailing P/E Ratio5.79

Forward P/E Ratio4.83

P/E Growth0.41

Sales & Book Value

Annual SalesC$77.82 billion

Price / Sales0.40

Cash FlowC$21.73 per share

Price / Cash Flow0.74

Book ValueC$23.13 per share

Price / Book0.69

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees34,000

Outstanding Shares1,942,015,000

Market CapC$31.15 billion

Next Earnings Date5/6/2020 (Confirmed)

OptionableOptionable

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Manulife Financial (TSE:MFC) Frequently Asked Questions

How has Manulife Financial's stock been impacted by COVID-19 (Coronavirus)?

Manulife Financial's stock was trading at C$19.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MFC stock has decreased by 17.4% and is now trading at C$16.04. View which stocks have been mosted impacted by Coronavirus.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating 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, May 6th 2020. View our earnings forecast for Manulife Financial.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (TSE:MFC) released its quarterly earnings data on Wednesday, February, 12th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.01. The financial services provider had revenue of $11.17 billion for the quarter. 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 Wednesday, February 12th. Shareholders of record on Tuesday, February 25th will be given a dividend of 0.28 per share on Thursday, March 19th. This represents a $1.12 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Manulife Financial's previous quarterly dividend of $0.25. View Manulife Financial's dividend history.

What price target have analysts set for MFC?

5 brokers have issued 12 month price objectives for Manulife Financial's shares. Their forecasts range from C$21.00 to C$34.00. On average, they anticipate Manulife Financial's share price to reach C$28.57 in the next twelve months. This suggests a possible upside of 78.1% from the stock's current price. View analysts' price targets for Manulife Financial.

Has Manulife Financial been receiving favorable news coverage?

Media coverage about MFC stock has been trending very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Manulife Financial earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutManulife Financial.

Who are some of Manulife Financial's key competitors?

Some companies that are related to Manulife Financial include Power Financial (PWF), Prudential (PRU), Great-West Lifeco (GWO), Power Co. of Canada (POW), Standard Life Aberdeen (SLA), Phoenix Group (PHNX), St. James's Place (STJ), Wuestenrot & Wuerttembergische (WUW), Chesnara (CSN), Hansard Global (HSD), Ageas (AGS), Great-West Lifeco (GWLIF), IGM Financial (POFNF), MMI (MPOHY) and Old Mutual (OML).

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), Toronto-Dominion Bank (TD), BCE (BCE), Alimentation Couche-Tard (ATD.B), Enbridge (ENB), Bank of Nova Scotia (BNS), AutoCanada (ACQ), Royal Bank of Canada (RY) and Suncor Energy (SU).

Who are Manulife Financial's key executives?

Manulife Financial's management team includes the following people:

Mr. Rocco Gori, Pres, CEO & Director (Age 49)
Mr. Philip James Witherington, Chief Financial Officer
Ms. Pamela O. Kimmet, Chief HR Officer (Age 60)
Mr. Warren Alfred Thomson FCPA, Chief Investment Officer (Age 64)
Ms. Marianne Harrison, Pres & CEO of John Hancock

What is Manulife Financial's stock symbol?

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

How do I buy shares of Manulife Financial?

Shares of MFC and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Manulife Financial's stock price today?

One share of MFC stock can currently be purchased for approximately C$16.04.

How big of a company is Manulife Financial?

Manulife Financial has a market capitalization of C$31.15 billion and generates C$77.82 billion in revenue each year. Manulife Financial employs 34,000 workers across the globe. View additional information about Manulife Financial.

What is Manulife Financial's official website?

The official website for Manulife Financial is http://www.manulife.com/.

How can I contact Manulife Financial?

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

This page was last updated on 4/4/2020 by MarketBeat.com Staff

TSE:MFCManulife Financial Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

4.4 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment