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Manulife Financial (MFC) Competitors

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C$61.42 +1.50 (+2.50%)
As of 09/3/2026 04:20 PM Eastern
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MFC vs. GWO, SLF, POW, IAG, and ELF

Should you buy Manulife Financial stock or one of its competitors? Manulife Financial's main competitors and comparable companies include Great-West Lifeco (GWO), Sun Life Financial (SLF), Power Co. of Canada (POW), iA Financial (IAG), and E-L Financial (ELF). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "life & health insurance" industry.

How does Manulife Financial compare to Great-West Lifeco?

Great-West Lifeco (TSE:GWO) and Manulife Financial (TSE:MFC) are both large-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, earnings, valuation, risk, institutional ownership, dividends, analyst recommendations and media sentiment.

10.1% of Great-West Lifeco shares are owned by institutional investors. Comparatively, 33.1% of Manulife Financial shares are owned by institutional investors. 70.7% of Great-West Lifeco shares are owned by company insiders. Comparatively, 0.0% of Manulife Financial shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Great-West Lifeco has a beta of 0.676559, meaning that its stock price is 32% less volatile than the broader market. Comparatively, Manulife Financial has a beta of 0.714483, meaning that its stock price is 29% less volatile than the broader market.

Manulife Financial has higher revenue and earnings than Great-West Lifeco. Manulife Financial is trading at a lower price-to-earnings ratio than Great-West Lifeco, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Great-West LifecoC$38.61B2.12C$4.07BC$4.8418.89
Manulife FinancialC$57.48B1.77C$5.64BC$3.6916.64

Great-West Lifeco presently has a consensus target price of C$93.27, suggesting a potential upside of 2.03%. Manulife Financial has a consensus target price of C$66.00, suggesting a potential upside of 7.46%. Given Manulife Financial's stronger consensus rating and higher possible upside, analysts clearly believe Manulife Financial is more favorable than Great-West Lifeco.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Great-West Lifeco
0 Sell rating(s)
4 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.75
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
3.00

Great-West Lifeco pays an annual dividend of C$2.56 per share and has a dividend yield of 2.8%. Manulife Financial pays an annual dividend of C$1.85 per share and has a dividend yield of 3.0%. Great-West Lifeco pays out 52.9% of its earnings in the form of a dividend. Manulife Financial pays out 50.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Manulife Financial is clearly the better dividend stock, given its higher yield and lower payout ratio.

Great-West Lifeco has a net margin of 12.49% compared to Manulife Financial's net margin of 11.62%. Great-West Lifeco's return on equity of 15.48% beat Manulife Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Great-West Lifeco12.49% 15.48% 0.73%
Manulife Financial 11.62%12.98%0.55%

In the previous week, Great-West Lifeco had 4 more articles in the media than Manulife Financial. MarketBeat recorded 4 mentions for Great-West Lifeco and 0 mentions for Manulife Financial. Great-West Lifeco's average media sentiment score of 0.81 beat Manulife Financial's score of 0.34 indicating that Great-West Lifeco is being referred to more favorably in the media.

Company Overall Sentiment
Great-West Lifeco Positive
Manulife Financial Neutral

Summary

Great-West Lifeco and Manulife Financial tied by winning 9 of the 18 factors compared between the two stocks.

How does Manulife Financial compare to Sun Life Financial?

Sun Life Financial (TSE:SLF) and Manulife Financial (TSE:MFC) are both large-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, earnings, valuation, media sentiment, risk, analyst recommendations, profitability and institutional ownership.

33.1% of Sun Life Financial shares are owned by institutional investors. Comparatively, 33.1% of Manulife Financial shares are owned by institutional investors. 0.0% of Sun Life Financial shares are owned by insiders. Comparatively, 0.0% of Manulife Financial shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Sun Life Financial had 2 more articles in the media than Manulife Financial. MarketBeat recorded 2 mentions for Sun Life Financial and 0 mentions for Manulife Financial. Sun Life Financial's average media sentiment score of 0.67 beat Manulife Financial's score of 0.34 indicating that Sun Life Financial is being referred to more favorably in the media.

Company Overall Sentiment
Sun Life Financial Positive
Manulife Financial Neutral

Sun Life Financial pays an annual dividend of C$3.68 per share and has a dividend yield of 3.3%. Manulife Financial pays an annual dividend of C$1.85 per share and has a dividend yield of 3.0%. Sun Life Financial pays out 62.4% of its earnings in the form of a dividend. Manulife Financial pays out 50.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Manulife Financial has a net margin of 11.62% compared to Sun Life Financial's net margin of 8.81%. Sun Life Financial's return on equity of 13.89% beat Manulife Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Sun Life Financial8.81% 13.89% 0.81%
Manulife Financial 11.62%12.98%0.55%

Manulife Financial has higher revenue and earnings than Sun Life Financial. Manulife Financial is trading at a lower price-to-earnings ratio than Sun Life Financial, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Sun Life FinancialC$40.60B1.53C$3.76BC$5.9018.86
Manulife FinancialC$57.48B1.77C$5.64BC$3.6916.64

Sun Life Financial has a beta of 0.795956, meaning that its stock price is 20% less volatile than the broader market. Comparatively, Manulife Financial has a beta of 0.714483, meaning that its stock price is 29% less volatile than the broader market.

Sun Life Financial presently has a consensus price target of C$116.00, suggesting a potential upside of 4.23%. Manulife Financial has a consensus price target of C$66.00, suggesting a potential upside of 7.46%. Given Manulife Financial's stronger consensus rating and higher probable upside, analysts clearly believe Manulife Financial is more favorable than Sun Life Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sun Life Financial
1 Sell rating(s)
6 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.38
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
3.00

Summary

Sun Life Financial and Manulife Financial tied by winning 9 of the 18 factors compared between the two stocks.

How does Manulife Financial compare to Power Co. of Canada?

Power Co. of Canada (TSE:POW) and Manulife Financial (TSE:MFC) are both large-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, media sentiment, profitability, institutional ownership, valuation, earnings, analyst recommendations and dividends.

Manulife Financial has higher revenue and earnings than Power Co. of Canada. Manulife Financial is trading at a lower price-to-earnings ratio than Power Co. of Canada, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Power Co. of CanadaC$37.60B1.57C$2.24BC$4.0623.16
Manulife FinancialC$57.48B1.77C$5.64BC$3.6916.64

31.3% of Power Co. of Canada shares are owned by institutional investors. Comparatively, 33.1% of Manulife Financial shares are owned by institutional investors. 13.1% of Power Co. of Canada shares are owned by insiders. Comparatively, 0.0% of Manulife Financial shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Power Co. of Canada presently has a consensus price target of C$86.60, indicating a potential downside of 7.89%. Manulife Financial has a consensus price target of C$66.00, indicating a potential upside of 7.46%. Given Manulife Financial's stronger consensus rating and higher probable upside, analysts plainly believe Manulife Financial is more favorable than Power Co. of Canada.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Power Co. of Canada
0 Sell rating(s)
5 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.60
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
3.00

Power Co. of Canada pays an annual dividend of C$2.56 per share and has a dividend yield of 2.7%. Manulife Financial pays an annual dividend of C$1.85 per share and has a dividend yield of 3.0%. Power Co. of Canada pays out 63.1% of its earnings in the form of a dividend. Manulife Financial pays out 50.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Manulife Financial is clearly the better dividend stock, given its higher yield and lower payout ratio.

In the previous week, Power Co. of Canada had 1 more articles in the media than Manulife Financial. MarketBeat recorded 1 mentions for Power Co. of Canada and 0 mentions for Manulife Financial. Power Co. of Canada's average media sentiment score of 1.16 beat Manulife Financial's score of 0.34 indicating that Power Co. of Canada is being referred to more favorably in the media.

Company Overall Sentiment
Power Co. of Canada Positive
Manulife Financial Neutral

Manulife Financial has a net margin of 11.62% compared to Power Co. of Canada's net margin of 7.72%. Manulife Financial's return on equity of 12.98% beat Power Co. of Canada's return on equity.

Company Net Margins Return on Equity Return on Assets
Power Co. of Canada7.72% 10.91% 0.47%
Manulife Financial 11.62%12.98%0.55%

Power Co. of Canada has a beta of 0.733919, suggesting that its share price is 27% less volatile than the broader market. Comparatively, Manulife Financial has a beta of 0.714483, suggesting that its share price is 29% less volatile than the broader market.

Summary

Manulife Financial beats Power Co. of Canada on 12 of the 18 factors compared between the two stocks.

How does Manulife Financial compare to iA Financial?

Manulife Financial (TSE:MFC) and iA Financial (TSE:IAG) are both large-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, media sentiment, institutional ownership, valuation, dividends, analyst recommendations, earnings and profitability.

Manulife Financial has a net margin of 11.62% compared to iA Financial's net margin of 8.29%. iA Financial's return on equity of 13.70% beat Manulife Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Manulife Financial11.62% 12.98% 0.55%
iA Financial 8.29%13.70%0.68%

Manulife Financial has a beta of 0.714483, indicating that its stock price is 29% less volatile than the broader market. Comparatively, iA Financial has a beta of 0.916467, indicating that its stock price is 8% less volatile than the broader market.

33.1% of Manulife Financial shares are held by institutional investors. Comparatively, 37.5% of iA Financial shares are held by institutional investors. 0.0% of Manulife Financial shares are held by company insiders. Comparatively, 0.1% of iA Financial shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Manulife Financial pays an annual dividend of C$1.85 per share and has a dividend yield of 3.0%. iA Financial pays an annual dividend of C$4.07 per share and has a dividend yield of 2.0%. Manulife Financial pays out 50.1% of its earnings in the form of a dividend. iA Financial pays out 35.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Manulife Financial has higher revenue and earnings than iA Financial. Manulife Financial is trading at a lower price-to-earnings ratio than iA Financial, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Manulife FinancialC$57.48B1.77C$5.64BC$3.6916.64
iA FinancialC$10.50B1.72C$990.15MC$11.6217.59

In the previous week, iA Financial had 2 more articles in the media than Manulife Financial. MarketBeat recorded 2 mentions for iA Financial and 0 mentions for Manulife Financial. iA Financial's average media sentiment score of 0.76 beat Manulife Financial's score of 0.34 indicating that iA Financial is being referred to more favorably in the news media.

Company Overall Sentiment
Manulife Financial Neutral
iA Financial Positive

Manulife Financial presently has a consensus price target of C$66.00, indicating a potential upside of 7.46%. iA Financial has a consensus price target of C$213.61, indicating a potential upside of 4.49%. Given Manulife Financial's stronger consensus rating and higher possible upside, equities research analysts clearly believe Manulife Financial is more favorable than iA Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
3.00
iA Financial
0 Sell rating(s)
8 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.11

Summary

iA Financial beats Manulife Financial on 10 of the 19 factors compared between the two stocks.

How does Manulife Financial compare to E-L Financial?

E-L Financial (TSE:ELF) and Manulife Financial (TSE:MFC) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, media sentiment, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk.

Manulife Financial has a consensus target price of C$66.00, indicating a potential upside of 7.46%. Given Manulife Financial's stronger consensus rating and higher possible upside, analysts plainly believe Manulife Financial is more favorable than E-L Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
E-L Financial
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
3.00

Manulife Financial has higher revenue and earnings than E-L Financial. E-L Financial is trading at a lower price-to-earnings ratio than Manulife Financial, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
E-L FinancialC$3.93B1.53C$1.84BC$5.123.39
Manulife FinancialC$57.48B1.77C$5.64BC$3.6916.64

E-L Financial has a net margin of 46.65% compared to Manulife Financial's net margin of 11.62%. E-L Financial's return on equity of 19.97% beat Manulife Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
E-L Financial46.65% 19.97% 4.52%
Manulife Financial 11.62%12.98%0.55%

3.7% of E-L Financial shares are held by institutional investors. Comparatively, 33.1% of Manulife Financial shares are held by institutional investors. 57.8% of E-L Financial shares are held by insiders. Comparatively, 0.0% of Manulife Financial shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

E-L Financial pays an annual dividend of C$0.16 per share and has a dividend yield of 0.9%. Manulife Financial pays an annual dividend of C$1.85 per share and has a dividend yield of 3.0%. E-L Financial pays out 3.1% of its earnings in the form of a dividend. Manulife Financial pays out 50.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

In the previous week, E-L Financial had 1 more articles in the media than Manulife Financial. MarketBeat recorded 1 mentions for E-L Financial and 0 mentions for Manulife Financial. E-L Financial's average media sentiment score of 0.67 beat Manulife Financial's score of 0.34 indicating that E-L Financial is being referred to more favorably in the media.

Company Overall Sentiment
E-L Financial Positive
Manulife Financial Neutral

E-L Financial has a beta of 1.374387, meaning that its stock price is 37% more volatile than the broader market. Comparatively, Manulife Financial has a beta of 0.714483, meaning that its stock price is 29% less volatile than the broader market.

Summary

Manulife Financial beats E-L Financial on 10 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MFC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MFC vs. The Competition

Export
MetricManulife FinancialInsurance IndustryFinance SectorTSE Exchange
Market CapC$101.91BC$19.48BC$14.12BC$12.57B
Dividend Yield3.30%3.23%5.89%6.25%
P/E Ratio16.6415.9826.1039.47
Price / Sales1.7730.87533.149.82
Price / Cash1.7012.6238.3782.29
Price / Book1.862.102.134.71
Net IncomeC$5.64BC$1.80BC$1.32BC$299.09M
7 Day Performance3.12%0.81%0.14%-0.31%
1 Month Performance-2.48%1.92%1.45%3.12%
1 Year Performance43.74%12.29%11.98%28.73%

Manulife Financial Competitors List

Export
CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MFC
Manulife Financial
3.0528 of 5 stars		C$61.42
+2.5%		C$66.00
+7.5%		+46.0%C$101.91BC$57.48B16.6440,000
GWO
Great-West Lifeco
2.5484 of 5 stars		C$89.11
-1.4%		C$93.27
+4.7%		+67.6%C$79.77BC$38.61B18.4133,500
SLF
Sun Life Financial
2.005 of 5 stars		C$108.85
-0.7%		C$116.00
+6.6%		+39.0%C$60.60BC$40.60B18.4529,200
POW
Power Co. of Canada
2.5664 of 5 stars		C$91.84
-0.5%		C$86.60
-5.7%		+61.5%C$57.65BC$37.60B22.622
IAG
iA Financial
2.0768 of 5 stars		C$197.78
-0.3%		C$213.61
+8.0%		+34.3%C$17.48BC$10.50B17.025,360

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This page (TSE:MFC) was last updated on 9/4/2026 by MarketBeat.com Staff.
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