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TSE:MFC

Manulife Financial - MFC Stock Forecast, Price & News

C$24.16
-0.17 (-0.70%)
(As of 08/19/2022 05:13 PM ET)
Add
Compare
Today's Range
C$24.07
C$24.30
50-Day Range
C$21.43
C$24.44
52-Week Range
C$21.28
C$28.09
Volume
3.60 million shs
Average Volume
8.78 million shs
Market Capitalization
C$46.06 billion
P/E Ratio
6.24
Dividend Yield
5.43%
Price Target
C$27.50

Manulife Financial MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
13.9% Upside
C$27.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.29mentions of Manulife Financial in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
C$732,299 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

MFC stock logo

About Manulife Financial (TSE:MFC) Stock

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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 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, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; 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. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses. Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MFC shares. Scotiabank upgraded shares of Manulife Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, July 27th. National Bankshares reduced their price target on shares of Manulife Financial from C$26.00 to C$25.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 19th. Cormark raised their target price on shares of Manulife Financial from C$24.00 to C$25.00 in a report on Friday, August 12th. Royal Bank of Canada dropped their price target on Manulife Financial from C$29.00 to C$26.00 and set a "sector perform" rating for the company in a research note on Friday, May 13th. Finally, CIBC lowered Manulife Financial from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$25.00 to C$23.00 in a research note on Friday, May 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$27.73.

Manulife Financial Stock Performance

TSE:MFC opened at C$24.39 on Friday. The company has a market cap of C$46.50 billion and a P/E ratio of 6.30. The company has a debt-to-equity ratio of 43.39, a quick ratio of 2.58 and a current ratio of 7.04. The business's 50 day moving average price is C$22.79 and its 200-day moving average price is C$24.50. Manulife Financial has a fifty-two week low of C$21.28 and a fifty-two week high of C$28.09.

Manulife Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Tuesday, August 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Monday, August 22nd. Manulife Financial's dividend payout ratio is currently 32.82%.

Insider Activity

In other Manulife Financial news, Director Michael James Doughty sold 16,247 shares of the company's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$24.27, for a total value of C$394,314.69. Following the transaction, the director now owns 13,118 shares of the company's stock, valued at approximately C$318,373.86. In other Manulife Financial news, Director Michael James Doughty sold 16,247 shares of the company's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$24.27, for a total value of C$394,314.69. Following the completion of the sale, the director now directly owns 13,118 shares in the company, valued at approximately C$318,373.86. Also, Director Claude. James Prieur acquired 13,900 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of C$22.96 per share, with a total value of C$319,188.48. Following the completion of the purchase, the director now directly owns 158,900 shares in the company, valued at C$3,648,852.48.

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MFC Stock News Headlines

Manulife Financial (TSE:MFC) PT Raised to C$25.00 at Cormark
Manulife Financial Pref Ser 19 stock eased on Tuesday.
3 Deep-Value Stocks on Sale in August
Manulife Financial Pref Ser 19 stock advanced on Friday.
Manulife Financial Pref Ser 19 stock reduced on Monday.
See More Headlines
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MFC Company Calendar

Ex-Dividend for 6/20 Dividend
5/24/2022
Dividend Payable
6/20/2022
Today
8/19/2022
Ex-Dividend for 9/19 Dividend
8/22/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$27.50
High Stock Price Forecast
C$34.00
Low Stock Price Forecast
C$23.00
Forecasted Upside/Downside
+13.8%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$29.71 billion
Cash Flow
C$14.41 per share
Book Value
C$27.00 per share

Miscellaneous

Outstanding Shares
1,906,598,000
Free Float
N/A
Market Cap
C$46.06 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Rocco Gori (Age 52)
    Pres, CEO & Director
    Comp: $7.49M
  • Mr. Philip James Witherington
    Chief Financial Officer
  • Mr. Scott Sears Hartz C.F.A. (Age 61)
    CFA, Chief Investment Officer
    Comp: $3.24M
  • Ms. Marianne HarrisonMs. Marianne Harrison (Age 58)
    Pres & CEO of John Hancock
    Comp: $3.1M
  • Mr. Rahul Madhav Joshi
    Chief Operations Officer
  • Ms. Lynda D. Sullivan
    Exec. 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
  • Mr. James David Gallagher
    Gen. Counsel
  • Ms. Karen A. Leggett
    Chief Marketing Officer













MFC Stock - Frequently Asked Questions

Should I buy or sell Manulife Financial stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 2 buy 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.

What is Manulife Financial's stock price forecast for 2022?

10 Wall Street analysts have issued 1 year price targets for Manulife Financial's shares. Their MFC share price forecasts range from C$23.00 to C$34.00. On average, they anticipate the company's stock price to reach C$27.50 in the next year. This suggests a possible upside of 12.8% 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 2022?

Manulife Financial's stock was trading at C$24.11 at the beginning of the year. Since then, MFC shares have increased by 1.2% and is now trading at C$24.39.
View the best growth stocks for 2022 here
.

When is Manulife Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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, August 10th. Shareholders of record on Tuesday, August 23rd will be paid a dividend of 0.33 per share on Monday, September 19th. This represents a $1.32 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Monday, August 22nd.
Read our dividend analysis for MFC
.

Is Manulife Financial a good dividend stock?

Manulife Financial (TSE:MFC) pays an annual dividend of C$1.27 per share and currently has a dividend yield of 5.43%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.82%. 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).

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 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.

What is Manulife Financial's stock price today?

One share of MFC stock can currently be purchased for approximately C$24.39.

How much money does Manulife Financial make?

Manulife Financial (TSE:MFC) has a market capitalization of C$46.50 billion and generates C$29.71 billion in revenue each year.

How many employees does Manulife Financial have?

The company employs 38,000 workers across the globe.

How can I contact Manulife Financial?

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.

This page (TSE:MFC) was last updated on 8/19/2022 by MarketBeat.com Staff

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