Manulife Financial (MFC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $32.39 to $32.74
• 50-Day Range: $27.07 to $32.54
• 52-Week Range: $18.78 to $32.94
• Volume: 1.61 million shs
• Average Volume: 2.54 million shs
• Market Capitalization: $57.06 billion
• P/E Ratio: 15.67
• Dividend Yield: 3.64%
• Price Target: $37.50
• Consensus Rating: Buy

Manulife Financial Stock Analysis - MarketRank™

Manulife Financial scored higher than 94% of companies evaluated by MarketBeat, and ranked 117th out of 951 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Manulife Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Manulife Financial has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.49%

Earnings Growth

Earnings for Manulife Financial are expected to grow by 9.49% in the coming year, from $2.74 to $3.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Manulife Financial is 15.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Manulife Financial is 15.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.03.

Price to Earnings Growth Ratio

Manulife Financial has a PEG Ratio of 1.19. 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 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.91% 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 8.7.

Change versus previous month

Short interest in Manulife Financial has recently increased by 74.08%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Manulife Financial is a leading dividend payer. It pays a dividend yield of 3.58%, 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 39.33% next year. This indicates that Manulife Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.39

Percentage of Shares Shorted

0.91% 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 8.7.

Change versus previous month

Short interest in Manulife Financial has recently increased by 74.08%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.86

News Sentiment

Manulife Financial has a news sentiment score of 0.86. 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 0.60 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 37 news articles for Manulife Financial this week, compared to 8 articles on an average week.

Search Interest

Only 32 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.

MarketBeat Follows

9 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

MFC Stock Analysis - Frequently Asked Questions

How have MFC shares performed this year?

Manulife Financial's stock was trading at $22.10 at the start of the year. Since then, MFC shares have increased by 46.8% and is now trading at $32.44.
View the best growth stocks for 2024 here.

How were Manulife Financial's earnings last quarter?

Manulife Financial Co. (NYSE:MFC) announced its quarterly earnings results on Wednesday, November, 6th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating 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 net margin of 9.79% and a trailing twelve-month return on equity of 16.11%.

Does Manulife Financial have any subsidiaries?

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 more.

Who are Manulife Financial's major shareholders?

Manulife Financial's top institutional shareholders include CIBC Asset Management Inc (1.26%), Connor Clark & Lunn Investment Management Ltd. (0.63%), Massachusetts Financial Services Co. MA (0.42%) and AustralianSuper Pty Ltd (0.32%).

How do I buy shares of Manulife Financial?

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.

What other stocks do shareholders of Manulife Financial own?

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

• Ex-Dividend for 9/19 Dividend: 8/21/2024
• Dividend Payable: 9/19/2024
• Last Earnings: 11/06/2024
• Today: 11/13/2024
• Ex-Dividend for 12/19 Dividend: 11/20/2024
• Dividend Payable: 12/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:MFC
• CUSIP: N/A
• CIK: 1086888
• Web: www.manulife.com
• Phone: (416) 926-3000
• Fax: 416-926-5657
• 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: +15.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.07
• Trailing P/E Ratio: 15.67
• Forward P/E Ratio: 11.84
• P/E Growth: 1.19
• Net Income: $4.05 billion
• Net Margins: 9.79%
• Pretax Margin: 12.88%
• Return on Equity: 16.11%
• Return on Assets: 0.77%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $48.71 billion
• Price / Sales: 1.17
• Cash Flow: $3.31 per share
• Price / Cash Flow: 9.79
• Book Value: $18.74 per share
• Price / Book: 1.73

Miscellaneous

• Outstanding Shares: 1,758,919,000
• Free Float: 1,758,215,000
• Market Cap: $57.06 billion
• Optionable: Optionable
• Beta: 1.08