Manulife Financial Corporation (MFC)

NYSE: MFC · IEX Real-Time Price · USD
24.99
+0.33 (1.34%)
At close: Mar 28, 2024, 4:00 PM
25.44
+0.45 (1.80%)
After-hours: Mar 28, 2024, 7:46 PM EDT
1.34%
Market Cap 44.53B
Revenue (ttm) 25.32B
Net Income (ttm) 3.61B
Shares Out 1.81B
EPS (ttm) 1.93
PE Ratio 12.96
Forward PE 6.70
Dividend $1.18 (4.74%)
Ex-Dividend Date Feb 27, 2024
Volume 2,791,571
Open 24.67
Previous Close 24.66
Day's Range 24.64 - 25.14
52-Week Range 17.07 - 25.14
Beta 1.10
Analysts Buy
Price Target 34.00 (+36.05%)
Earnings Date May 8, 2024

About 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 secu... [Read more]

Sector Financials
IPO Date Sep 23, 1999
Employees 40,000
Stock Exchange NYSE
Ticker Symbol MFC
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MFC stock is "Buy." The 12-month stock price forecast is $34.0, which is an increase of 36.05% from the latest price.

Price Target
$34.0
(36.05% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Manulife's Franklin: Investors should factor geopolitical risks, including India-China border

Manulife's Marc Franklin says that investors are “not comfortable with the status quo” and would likely lead to “coordinated pressure” in the markets. He discusses with Haslinda Amin on Bloomberg Mark...

3 days ago - Bloomberg Markets and Finance

Manulife's Management Information Circular and Annual Report Now Available

C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , March 22, 2024 /PRNewswire/ - Manulife's Management Information Circular and 2023 Annual...

6 days ago - PRNewsWire

Manulife announces additions to its Board of Directors

TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , March 5, 2024 /PRNewswire/ - Manulife announced today that Mike Durland and Don Kanak have been appointed to its Board of Directors, effective March 5, 2024, ...

23 days ago - PRNewsWire

Manulife Investment Management Announces Close of $752 Million Manulife Capital Partners VII, L.P.

US$ unless otherwise stated                                      BOSTON , March 5, 2024 /PRNewswire/ - Manulife Investment Management announced today the final close of Manulife Capital Partners VII, ...

23 days ago - PRNewsWire

Manulife to host Investor Day in Asia

TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 29, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") is hosting an Investor Day event in Hong Kong and Jakarta from June 25 to 27, 2024. The e...

4 weeks ago - PRNewsWire

Global Atlantic Closes $10 Billion Block Reinsurance Transaction with Manulife across both US and Japan Business

NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today annou...

5 weeks ago - Business Wire

Manulife Closes Milestone Reinsurance Transaction with Global Atlantic

C$ unless otherwise stated                                                                 TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Feb. 22, 2024 /PRNewswire/ - February 22, 2024 – Manulife announced...

5 weeks ago - PRNewsWire

Manulife announces Subordinated Debenture issue

C$ unless otherwise stated                                  TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, Feb. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("MFC") announced today that it intends...

5 weeks ago - PRNewsWire

Manulife announces Normal Course Issuer Bid

C$ unless otherwise stated                             TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Feb. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that it has re...

5 weeks ago - PRNewsWire

Manulife files 2023 Audited Annual Financial Statements and Related MD&A

C$ unless otherwise stated                          TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ - Manulife Financial Corporation has filed its 2023 audited annual financial st...

6 weeks ago - PRNewsWire

Manulife declares preferred share dividends

C$ unless otherwise stated                          TSX/NYSE/PSE: MFC   SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends...

6 weeks ago - PRNewsWire

Manulife increases common shareholders' dividend by 9.6%

C$ unless otherwise stated                               TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ - Manulife's Board of Directors today announced an increase of 9.6% or 3.5...

6 weeks ago - PRNewsWire

Manulife Reports Full Year and Fourth Quarter 2023 Results

TSX/NYSE/PSE: MFC SEHK: 945                                                                                C$ unless otherwise stated TORONTO , Feb. 14, 2024 /PRNewswire/ - Manulife Financial Corporat...

6 weeks ago - PRNewsWire

Manulife Investment Management Names Anne Valentine Andrews as Global Head of Private Markets

Global asset management and alternatives investing leader  to join world's largest natural capital investment manager March 4 TORONTO , Feb. 6, 2024 /PRNewswire/ - Manulife Investment Management (Manu...

7 weeks ago - PRNewsWire

Spearmint Energy Secures $47.5 Million Project Finance Term Loan from Manulife for Battery Energy Storage Project in ERCOT

MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced...

7 weeks ago - Business Wire

Canada's Manulife changes policy on pharmacy prescriptions after backlash

Manulife Financial Corp on Monday rolled back a policy that will allow Canadians to fill their specialty medication prescriptions at any pharmacy, following a backlash after the insurer signed an excl...

7 weeks ago - Reuters

Manulife to Release Fourth Quarter and Full Year 2023 Financial Results

C$ unless otherwise stated                                                                               TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Jan. 31, 2024 /PRNewswire/ - Manulife Financial Corpo...

2 months ago - PRNewsWire

Manulife partners with Aeroplan to boost digital health footprint

Canadian insurance giant Manulife Financial has entered into a multi-year partnership with travel loyalty program Aeroplan as it looks to bolster demand for its new healthcare initiative it is plannin...

2 months ago - Reuters

Economic slowdown expected in 2024: Manulife Investment Management's Nate Thooft

Nathan Thooft, Manulife Investment Management senior portfolio manager and global CIO, joins 'The Exchange' to discuss the odds of a 2024 recession, outlook for U.S. equities, and more.

2 months ago - CNBC Television

Manulife Investment Management Publishes Inaugural TNFD Aligned Nature-related Disclosure for Timberland and Agriculture

Milestone report shares the firm's commitments to a nature-positive future TORONTO , Jan. 18, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM) announced it has published its inaugural ...

2 months ago - PRNewsWire

Manulife Named to 2024 Corporate Knights Global 100

Ranking fourth within the Insurance industry, Manulife recognized for performance in sustainable revenues and investments DAVOS, Switzerland , Jan. 17, 2024 /PRNewswire/ - Manulife (TSX: MFC) has been...

2 months ago - PRNewsWire

Manulife Announces New Global Longevity Innovation Challenge, in Partnership with the World Economic Forum's UpLink

Multi-year partnership will source global start-ups working to shape the future of longevity innovation and build an enabling ecosystem to accelerate their growth DAVOS, Switzerland , Jan. 17, 2024 /P...

2 months ago - PRNewsWire

Manulife named to 2023 Dow Jones Sustainability North America Index

TORONTO , Dec. 13, 2023 /PRNewswire/ - Manulife today announced its appointment to the Dow Jones Sustainability North America Index (DJSI North America) ranking in the 93rd percentile of its GICS® Ind...

3 months ago - PRNewsWire

Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business

NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today annou...

3 months ago - Business Wire

Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic

Manulife Financial Corp. MFC, +0.45% said Monday it agreed to have Global Atlantic reinsure $13 billion of its reserves across four legacy/low return-on-equity blocks. The company plans to buy back $1...

3 months ago - Market Watch