Free Trial
TSE:MFC

Manulife Financial (MFC) Stock Price, News & Analysis

Manulife Financial logo
C$44.60 +0.03 (+0.07%)
(As of 12/11/2024 ET)

About Manulife Financial Stock (TSE:MFC)

Key Stats

Today's Range
C$44.54
C$45.07
50-Day Range
C$39.85
C$46.23
52-Week Range
C$28.06
C$46.42
Volume
6.06 million shs
Average Volume
6.51 million shs
Market Capitalization
C$78.94 billion
P/E Ratio
18.98
Dividend Yield
3.59%
Price Target
C$43.45
Consensus Rating
Moderate 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
34th Percentile Overall Score

MFC MarketRank™: 

Manulife Financial scored higher than 34% of companies evaluated by MarketBeat. 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 Moderate Buy. The company's average rating score is 2.69, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Manulife Financial has only been the subject of 4 research reports in the past 90 days.

  • Read more about Manulife Financial's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Manulife Financial is 18.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.97.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Manulife Financial is 18.98, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 453.43.

  • Price to Earnings Growth Ratio

    Manulife Financial has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Manulife Financial has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for MFC.
  • Dividend Leadership

    Manulife Financial is a leading dividend payer. It pays a dividend yield of 3.83%, 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 68.09%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Manulife Financial's dividend.
  • Short Interest

    There is no current short interest data available for MFC.
  • News Sentiment

    Manulife Financial has a news sentiment score of -0.11. 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 lower news sentiment than the 0.77 average news sentiment score of Financial Services companies.
  • News Coverage This Week

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

    Only 16 people have searched for MFC on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Manulife Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$3,508,584.00 in company stock.

  • Percentage Held by Insiders

    Only 0.03% of the stock of Manulife Financial is held by insiders.

  • Percentage Held by Institutions

    60.22% 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.
Receive MFC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter.

MFC Stock News Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Manulife Financial Maintains Dividend for Series 17 Shares
Is Manulife Stock a Buy, Sell, or Hold for 2025?
Manulife Announces New Dividend Rates for Preferred Shares
Manulife Financial announces C$5.4B reinsurance transaction with RGA
See More Headlines

MFC Stock Analysis - Frequently Asked Questions

Manulife Financial's stock was trading at C$29.28 at the beginning of the year. Since then, MFC stock has increased by 52.3% and is now trading at C$44.60.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Manulife Financial investors own include Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Royal Bank of Canada (RY), Intact Financial (IFC) and TELUS (T).

Company Calendar

Ex-Dividend for 9/19 Dividend
8/21/2024
Dividend Payable
9/19/2024
Ex-Dividend for 12/19 Dividend
11/20/2024
Today
12/12/2024
Dividend Payable
12/19/2024

Industry, Sector and Symbol

Industry
Insurance - Life
Sub-Industry
Insurance
CIK
N/A
Fax
N/A
Employees
40,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$43.45
High Stock Price Target
C$49.00
Low Stock Price Target
C$36.00
Potential Upside/Downside
-2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
C$4.24 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$28.48 billion
Cash Flow
C$26.31 per share
Book Value
C$26.24 per share

Miscellaneous

Outstanding Shares
1,770,000,000
Free Float
N/A
Market Cap
C$78.94 billion
Optionable
Not Optionable
Beta
1.06
Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

This page (TSE:MFC) was last updated on 12/12/2024 by MarketBeat.com Staff
From Our Partners