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Manulife Financial (MFC) Stock Price, News & Analysis

Manulife Financial logo
$30.33 +0.25 (+0.83%)
(As of 12/20/2024 05:31 PM ET)

About Manulife Financial Stock (NYSE:MFC)

Key Stats

Today's Range
$29.75
$30.59
50-Day Range
$29.21
$32.87
52-Week Range
$20.78
$33.07
Volume
4.05 million shs
Average Volume
2.33 million shs
Market Capitalization
$53.13 billion
P/E Ratio
14.65
Dividend Yield
3.89%
Price Target
$37.50
Consensus Rating
Buy

Company Overview

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.

Manulife Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

MFC MarketRank™: 

Manulife Financial scored higher than 93% of companies evaluated by MarketBeat, and ranked 96th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Manulife Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Manulife Financial has received no research coverage in the past 90 days.

  • Read more about Manulife Financial's stock forecast and price target.
  • Earnings Growth

    Earnings for Manulife Financial are expected to grow by 9.19% in the coming year, from $2.72 to $2.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Manulife Financial is 14.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.76.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Manulife Financial is 14.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.81.

  • Price to Earnings Growth Ratio

    Manulife Financial has a PEG Ratio of 1.14. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Manulife Financial has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.43% of the float of Manulife Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Manulife Financial has a short interest ratio ("days to cover") of 13.5, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Manulife Financial has recently decreased by 8.69%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Manulife Financial is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Manulife Financial has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Manulife Financial is 57.00%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Manulife Financial will have a dividend payout ratio of 39.73% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.

  • Read more about Manulife Financial's dividend.
  • Percentage of Shares Shorted

    1.43% of the float of Manulife Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Manulife Financial has a short interest ratio ("days to cover") of 13.5, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Manulife Financial has recently decreased by 8.69%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Manulife Financial has a news sentiment score of 1.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Manulife Financial this week, compared to 8 articles on an average week.
  • Search Interest

    Only 17 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
  • MarketBeat Follows

    Only 9 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Manulife Financial insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.04% of the stock of Manulife Financial is held by insiders.

  • Percentage Held by Institutions

    52.56% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Manulife Financial's insider trading history.
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MFC Stock News Headlines

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Manulife Financial to Issue $1 Billion Debentures
See More Headlines

MFC Stock Analysis - Frequently Asked Questions

Manulife Financial's stock was trading at $22.10 on January 1st, 2024. Since then, MFC stock has increased by 37.2% and is now trading at $30.33.
View the best growth stocks for 2024 here
.

Manulife Financial Co. (NYSE:MFC) issued its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.30. The financial services provider earned $10.69 billion during the quarter, compared to analysts' expectations of $9.73 billion. Manulife Financial had a trailing twelve-month return on equity of 16.11% and a net margin of 9.79%.

Manulife Financial subsidiaries include Standard Life, John Hancock Financial, Zurich Life, 8 Cross Street PADREF Investments Ltd., Benesure Canada Inc., John Hancock Canadian Corp., John Hancock Group, and others.

Manulife Financial's top institutional investors include National Bank of Canada FI (1.60%), CIBC Asset Management Inc (1.26%), Toronto Dominion Bank (1.25%) and Connor Clark & Lunn Investment Management Ltd. (0.63%).

Shares of MFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Manulife Financial investors own include NVIDIA (NVDA), AbbVie (ABBV), Verizon Communications (VZ), Meta Platforms (META), Broadcom (AVGO), JPMorgan Chase & Co. (JPM) and Arista Networks (ANET).

Company Calendar

Last Earnings
11/06/2024
Ex-Dividend for 12/19 Dividend
11/20/2024
Dividend Payable
12/19/2024
Today
12/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
Insurance
Employees
40,000
Year Founded
1887

Price Target and Rating

Average Stock Price Target
$37.50
High Stock Price Target
$40.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+23.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$4.05 billion
Pretax Margin
12.88%

Debt

Sales & Book Value

Annual Sales
$36.10 billion
Cash Flow
$3.26 per share
Book Value
$17.25 per share

Miscellaneous

Outstanding Shares
1,751,880,000
Free Float
1,751,178,000
Market Cap
$53.13 billion
Optionable
Optionable
Beta
1.09

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This page (NYSE:MFC) was last updated on 12/23/2024 by MarketBeat.com Staff
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