TSE:MFCManulife Financial Stock Price, Forecast & News

C$17.10

-0.23 (-1.33 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

C$16.76

Now: C$17.10▼

C$17.19

50-Day Range

C$15.74

MA: C$16.67▼

C$18.13

52-Week Range

C$12.58

Now: C$17.10▼

C$27.78

Volume15.37 million shs

Average Volume8.67 million shs

Market CapitalizationC$33.16 billion

P/E Ratio7.35

Dividend Yield6.46%

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^™

3.4 Analyst's Opinion

Consensus Rating
Manulife Financial has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$27.38, Manulife Financial has a potential upside of 60.1% from its current price of C$17.10.
Amount of Analyst Coverage
Manulife Financial has only been the subject of 2 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
Manulife Financial has received 531 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Manulife Financial has received 382 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Manulife Financial has received 58.16% “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 6.46%, 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 44.24 %. 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 not sold or bought any 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$3.04 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Manulife Financial is 7.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Manulife Financial is 7.35, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 11.20.
Price to Earnings Growth Ratio
Manulife Financial has a PEG Ratio of 0.50. 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 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.38 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

Webwww.manulife.com

Phone+1-416-9263427

Debt

Debt-to-Equity Ratio51.64

Current Ratio163.75

Quick Ratio92.99

Price-To-Earnings

Trailing P/E Ratio7.35

Forward P/E Ratio5.62

P/E Growth0.5

Sales & Book Value

Annual SalesC$74.34 billion

Price / Sales0.45

Cash FlowC$36.00 per share

Price / Cash Flow0.48

Book ValueC$26.34 per share

Price / Book0.65

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 Shares1,939,464,000

Market CapC$33.16 billion

Next Earnings Date8/5/2020 (Estimated)

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 11.9% and is now trading at C$17.10. View which stocks have been most impacted by Coronavirus.

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

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

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (TSE:MFC) released its earnings results on Wednesday, May, 6th. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by $0.06. The financial services provider had revenue of $20.18 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 declared a quarterly dividend on Monday, May 18th. Investors of record on Friday, June 19th will be given a dividend of 0.28 per share on Friday, June 19th. This represents a $1.12 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Monday, May 18th. View Manulife Financial's dividend history.

What price target have analysts set for MFC?

4 equities research analysts have issued twelve-month target prices for Manulife Financial's shares. Their forecasts range from C$18.00 to C$34.00. On average, they anticipate Manulife Financial's stock price to reach C$27.38 in the next year. This suggests a possible upside of 60.1% from the stock's current price. View analysts' price targets for Manulife Financial.

Has Manulife Financial been receiving favorable news coverage?

Headlines about MFC stock have been trending somewhat negative on Saturday, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Manulife Financial earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the near future. View the latest news aboutManulife Financial.

Who are some of Manulife Financial's key competitors?

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

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), Royal Bank of Canada (RY), AutoCanada (ACQ) 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$17.10.

How big of a company is Manulife Financial?

Manulife Financial has a market capitalization of C$33.16 billion and generates C$74.34 billion in revenue each year. Manulife Financial employs 34,000 workers across the globe.

What is Manulife Financial's official website?

The official website for Manulife Financial is 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 5/30/2020 by MarketBeat.com Staff