TSE:MFC Manulife Financial (MFC) Stock Price, News & Analysis → the most reliable asset on earth is making a comeback (From DTI) (Ad) Free MFC Stock Alerts C$33.83 +0.40 (+1.20%) (As of 03/28/2024 ET) Add Compare Share Share Today's RangeC$33.43▼C$34.0550-Day RangeC$28.34▼C$33.4352-Week RangeC$23.69▼C$34.05Volume12.64 million shsAverage Volume6.71 million shsMarket CapitalizationC$61.23 billionP/E Ratio12.96Dividend Yield4.73%Price TargetC$35.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Manulife Financial alerts: Email Address Manulife Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside5.8% UpsideC$35.80 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 6 Articles This WeekInsider TradingSelling SharesC$445,896 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.93 out of 5 stars 2.3 Analyst's Opinion Consensus RatingManulife Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of C$35.80, Manulife Financial has a forecasted upside of 5.8% from its current price of C$33.83.Amount of Analyst CoverageManulife Financial has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MFC. Previous Next 2.5 Dividend Strength Dividend LeadershipManulife Financial is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthManulife Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Manulife Financial is 61.30%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MFC. Previous Next 2.5 News and Social Media Coverage News SentimentManulife Financial has a news sentiment score of 0.56. 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 0.79 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Manulife Financial this week, compared to 4 articles on an average week.Search Interest52 people have searched for MFC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Manulife Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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$445,896.00 in company stock.Percentage Held by InsidersOnly 0.03% of the stock of Manulife Financial is held by insiders.Percentage Held by Institutions57.26% of the stock of Manulife Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Manulife Financial is 12.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Manulife Financial is 12.96, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 449.09.Price to Earnings Growth RatioManulife Financial has a PEG Ratio of 12.56. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioManulife Financial has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatYour $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionStart Your Risk-Free Trial Here About Manulife Financial Stock (TSE:MFC)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.Read More MFC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MFC Stock News HeadlinesMarch 26, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Webster Financial (WBS), Manulife Financial (MFC) and Hamilton Lane (HLNE)March 25, 2024 | finance.yahoo.comCANADA STOCKS-TSX dips for second day, holds near record highMarch 28, 2024 | DTI (Ad)the most reliable asset on earth is making a comebackGlobal tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.March 25, 2024 | reuters.comManulife signs $4.3 bln reinsurance deal with RGA LifeMarch 25, 2024 | msn.comManulife agrees to reinsure $4.3B of policies with RGA CanadaMarch 25, 2024 | finance.yahoo.comManulife announces largest Canadian Universal Life reinsurance transactionMarch 21, 2024 | americanbankingnews.comManulife Financial Co. (TSE:MFC) Receives Average Rating of "Moderate Buy" from AnalystsMarch 14, 2024 | ca.news.yahoo.comFormer Quebec judge pleads guilty to manslaughter in wife's 2009 shooting deathMarch 28, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.March 13, 2024 | ca.finance.yahoo.comDividend Payments Hit A Record $1.7 Trillion In 2023March 13, 2024 | finance.yahoo.comManulife Chief Financial Officer, Colin Simpson to participate in fireside chat at National Bank of Canada's 22nd Annual Financial Services ConferenceMarch 6, 2024 | ca.finance.yahoo.comManulife Financial Corp (MFC-PI.TO)February 22, 2024 | finance.yahoo.comJust Four Days Till Manulife Financial Corporation (TSE:MFC) Will Be Trading Ex-DividendFebruary 19, 2024 | finance.yahoo.comManulife Financial Corp (MFC) Hit a 52 Week High, Can the Run Continue?February 19, 2024 | finance.yahoo.comIs Manulife Financial Corp (MFC) a Great Value Stock Right Now?February 16, 2024 | finance.yahoo.comManulife Financial Corporation (NYSE:MFC) Q4 2023 Earnings Call TranscriptFebruary 15, 2024 | finance.yahoo.comMFC Feb 2024 30.000 callFebruary 15, 2024 | msn.comManulife profit rises on strong insurance salesFebruary 14, 2024 | msn.comManulife Financial reports fourth-quarter earnings of $1.66 billionFebruary 14, 2024 | theglobeandmail.comManulife Financial reports earnings of $1.66 billionFebruary 14, 2024 | msn.comManulife Financial Q4 core earnings slip as Global WAM logs outflowsFebruary 14, 2024 | finance.yahoo.comUPDATE 2-Manulife beats profit estimates on strong Asia, Canada performanceFebruary 13, 2024 | benzinga.comPreview: Manulife Financial's EarningsFebruary 11, 2024 | seekingalpha.comShould You Buy Manulife For Its 4.8% Yield?February 9, 2024 | finance.yahoo.comZacks Industry Outlook Highlights Manulife Financial, Sun Life Financial, Reinsurance Group and PrimericaFebruary 8, 2024 | finance.yahoo.comAward-winning Funds: Manulife Investment Management Again Among Top Honourees from Fundata CanadaFebruary 6, 2024 | finance.yahoo.comManulife Investment Management Names Anne Valentine Andrews as Global Head of Private MarketsSee More Headlines 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. Email Address Company Calendar Last Earnings2/14/2024Ex-Dividend for 3/19 Dividend2/27/2024Dividend Payable3/19/2024Today3/28/2024Next Earnings (Estimated)5/08/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Insurance - Life Sub-IndustryN/A Current SymbolTSE:MFC CUSIPN/A CIKN/A Webwww.manulife.com Phone+1-416-9263427FaxN/AEmployees38,000Year FoundedN/APrice Target and Rating Average Stock Price TargetC$35.80 High Stock Price TargetC$40.00 Low Stock Price TargetC$33.00 Potential Upside/Downside+5.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.61 Trailing P/E Ratio12.99 Forward P/E Ratio9.20 P/E Growth12.56Net IncomeC$4.80 billion Net Margins20.05% Pretax MarginN/A Return on Equity11.57% Return on Assets0.59% Debt Debt-to-Equity Ratio45.69 Current Ratio3.79 Quick Ratio2.58 Sales & Book Value Annual SalesC$27.25 billion Price / Sales2.25 Cash FlowC$20.00 per share Price / Cash Flow1.70 Book ValueC$24.80 per share Price / Book1.37Miscellaneous Outstanding Shares1,810,000,000Free FloatN/AMarket CapC$61.36 billion OptionableNot Optionable Beta1.10 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Roy Gori (Age 53)President, CEO & Director Comp: $5.57MMr. Scott Sears Hartz C.F.A. (Age 63)Chief Investment Officer Comp: $2.68MMr. Marc M. CostantiniGlobal Head of Inforce ManagementMr. Philip James WitheringtonPresident & CEO of Manulife AsiaMr. Colin L. SimpsonChief Financial OfficerMr. Rahul Madhav JoshiChief Operations OfficerMs. Lynda D. SullivanExecutive VP & Chief Accounting OfficerMr. Shamus Edward WeilandChief Information OfficerMs. Adrienne O'Neill C.A.C.F.A., CPA, Head of Investor RelationsMr. James David GallagherGeneral CounselMore ExecutivesKey CompetitorsGreat-West LifecoTSE:GWOPower Co. of CanadaTSE:POWCanadian Imperial Bank of CommerceTSE:CMSun Life FinancialTSE:SLFIntact FinancialTSE:IFCView All CompetitorsInsidersSteve FinchSold 10,294 sharesTotal: C$337,231.44 ($32.76/share)Brooks TingleSold 3,317 sharesTotal: C$108,664.92 ($32.76/share)Steve FinchSold 10,295 sharesTotal: C$267,335.41 ($25.97/share)View All Insider Transactions Should I Buy Manulife Financial Stock? MFC Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Manulife Financial was last updated on Wednesday, March 27, 2024 at 10:53 PM. Pros Here are some ways that investors could benefit from investing in Manulife Financial Co.: Manulife Financial has consistently increased its dividend payouts, providing investors with a steady income stream. The recent dividend increase from $0.37 to $0.40 reflects the company's strong financial position. The company's diverse range of financial products and services, including wealth and asset management, insurance, and annuity products, allows for revenue stability and growth across different market conditions. Manulife Financial's strong net margin of 20.05% indicates efficient cost management and profitability, which can be attractive to investors seeking returns. With a return on equity of 11.57%, Manulife Financial demonstrates the ability to generate value for shareholders through effective utilization of equity capital. Analysts' expectations of positive EPS growth for the current year suggest potential capital appreciation for investors holding Manulife Financial stock. Cons Investors should be bearish about investing in Manulife Financial Co. for these reasons: Recent insider selling activity, such as Senior Officer Steve Finch and Director Brooks Tingle selling significant amounts of shares, may raise concerns about insiders' confidence in the company's future performance. The dividend payout ratio of 61.30% indicates that a significant portion of the company's earnings is being distributed as dividends, potentially limiting reinvestment for future growth initiatives. While the revenue exceeded analysts' expectations in the last quarter, investors should closely monitor future revenue trends to ensure sustained growth in the company's top line. Market volatility and economic uncertainties could impact Manulife Financial's business operations, particularly in the insurance and investment sectors, leading to fluctuations in financial performance. Investors should consider the competitive landscape in the financial services industry, as Manulife Financial faces competition from both traditional and digital financial service providers, which could affect market share and profitability. MFC Stock Analysis - Frequently Asked Questions Should I buy or sell Manulife Financial stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MFC shares. View MFC analyst ratings or view top-rated stocks. What is Manulife Financial's stock price target for 2024? 10 equities research analysts have issued 12-month price objectives for Manulife Financial's shares. Their MFC share price targets range from C$33.00 to C$40.00. On average, they predict the company's stock price to reach C$35.80 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price. View analysts price targets for MFC or view top-rated stocks among Wall Street analysts. How have MFC shares performed in 2024? Manulife Financial's stock was trading at C$29.28 on January 1st, 2024. Since then, MFC shares have increased by 15.5% and is now trading at C$33.83. View the best growth stocks for 2024 here. When is Manulife Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MFC earnings forecast. How were Manulife Financial's earnings last quarter? Manulife Financial Co. (TSE:MFC) released its quarterly earnings data on Wednesday, February, 14th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The financial services provider earned $14.92 billion during the quarter, compared to analyst estimates of $10.24 billion. Manulife Financial had a net margin of 20.05% and a trailing twelve-month return on equity of 11.57%. How often does Manulife Financial pay dividends? What is the dividend yield for Manulife Financial? Manulife Financial declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.40 per share on Tuesday, March 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from the stock's previous quarterly dividend of C$0.37. Read our dividend analysis for MFC. Is Manulife Financial a good dividend stock? Manulife Financial (TSE:MFC) pays an annual dividend of C$1.60 per share and currently has a dividend yield of 4.85%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.30%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MFC. 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), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Royal Bank of Canada (RY), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV) and Suncor Energy (SU). How do I buy shares of Manulife Financial? 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. This page (TSE:MFC) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryMost important medical advance in 100 yearsThe Oxford Club Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Manulife Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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