MFC - Manulife Financial Corporation

NYSE - NYSE Delayed Price. Currency in USD
18.76
-0.01 (-0.05%)
At close: 4:02PM EDT

18.79 +0.03 (0.15%)
After hours: 4:30PM EDT

Stock chart is not supported by your current browser
Previous Close18.77
Open18.75
Bid18.45 x 1400
Ask18.77 x 1400
Day's Range18.74 - 18.87
52 Week Range13.33 - 18.90
Volume967,876
Avg. Volume1,612,812
Market Cap36.665B
Beta (3Y Monthly)1.48
PE Ratio (TTM)20.41
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.75 (4.01%)
Ex-Dividend Date2019-08-19
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters

    Canadian election clears path for universal drug plan

    Canada's Liberal government is more likely to pass a universal prescription drug plan after losing its majority in Monday's election, setting the stage for what would be the biggest shakeup of the country's public healthcare system since it was created in the 1960s. The Liberals won the most seats in the election but fell short of a majority, which means Prime Minister Justin Trudeau will need the support of rivals like the left-leaning New Democratic Party (NDP) to govern. Both the Liberals and NDP have promised a new national drug plan.

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  • Manulife Financial (MFC) is a Top Dividend Stock Right Now: Should You Buy?
    Zacks

    Manulife Financial (MFC) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Manulife Financial (MFC) have what it takes? Let's find out.

  • Is Manulife Financial (MFC) a Great Value Stock Right Now?
    Zacks

    Is Manulife Financial (MFC) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • 6 Stocks Outperforming the Benchmark
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    6 Stocks Outperforming the Benchmark

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  • Is Manulife Financial Corporation (MFC) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Manulife Financial Corporation (MFC) Going to Burn These Hedge Funds?

    World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]

  • What Kind Of Shareholders Own Manulife Financial Corporation (TSE:MFC)?
    Simply Wall St.

    What Kind Of Shareholders Own Manulife Financial Corporation (TSE:MFC)?

    A look at the shareholders of Manulife Financial Corporation (TSE:MFC) can tell us which group is most powerful...

  • Why Manulife Financial (MFC) is a Top Dividend Stock for Your Portfolio
    Zacks

    Why Manulife Financial (MFC) is a Top Dividend Stock for Your Portfolio

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Manulife Financial (MFC) have what it takes? Let's find out.

  • Aramco Is Set to Formally Announce Listing Plan Next Month
    Bloomberg

    Aramco Is Set to Formally Announce Listing Plan Next Month

    (Bloomberg) -- Saudi Aramco will kick off its much-anticipated initial public offering next month as the oil giant recovers faster than expected from the biggest terror attacks in its history.The state-run company plans to announce its intention to float around Oct. 20, according to people with knowledge of the matter. The firm, which is holding analyst meetings from Wednesday, is targeting a valuation of at least $2 trillion -- more than double that of Apple Inc.Aramco’s listing on the Saudi stock exchange could take place as early as November, though the timetable hasn’t been finalized, one of the people said, asking not to be identified because the information is private.. The IPO preparations come as the company took its production capacity back above 11 million barrels a day, beating its own target by about a week, other people said.Flat OutBanks are working flat out to get the mammoth IPO done after drone and missile attacks on two Aramco facilities on Sept. 14 caused a record surge in oil prices and risked delaying the deal for a second time. A $2 trillion valuation would make Aramco’s the world’s most valuable firm and mark a victory for the offering’s architect, Crown Prince Mohammed Bin Salman, who first mooted the idea in 2016. Some analysts see a $1.5 trillion valuation as more realistic.“Aramco seems to be making all efforts to restore full production as soon as possible, both to reassure its clients that it is a reliable supplier and to avoid any IPO delays,” said Richard Segal, a London-based senior emerging-markets analyst at Manulife Asset Management. “Listing in a couple months is realistic on the assumption that the paperwork is ready. They’ve had plenty of time for this.”The eventual timing of the share sale and other details will depend on market conditions and investor demand, the people said. Aramco didn’t immediately respond to requests for comment.Analyst MeetingsMore than 100 investment bankers, government officials and Aramco executives are gathering for two days of analyst presentations at the company’s headquarters in Dhahran in the kingdom’s Eastern Province, the people said. Members of Aramco’s management are presenting to banks’ research teams and global coordinators are briefing executives at the firm, they said.At the same time, Aramco has been working hard to restore total production capacity, while maintaining normal supplies to customers by tapping inventories and ramping up other fields. The state-run company has now restored production at the Abqaiq processing facility and Khurais oil field to levels seen before the attack, according to people with knowledge of the situation.(Updates with analyst quote in fifth paragraph.)To contact the reporters on this story: Matthew Martin in Dubai at mmartin128@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Archana Narayanan in Dubai at anarayanan16@bloomberg.net;Anthony DiPaola in Dubai at adipaola@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Stefania Bianchi, Shaji MathewFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Canada's Manulife opens Dublin office as part of Brexit planning

    The asset and wealth arm of Canada's Manulife Financial Corporation said on Monday it had opened an office in Ireland to expand its European operations and as part of planning for Britain's exit from the European Union. Banks, insurers and asset managers have been opening offices, hiring staff and moving capital to various locations across the trade bloc to ensure they can continue to serve clients in the event Britain leaves the EU without an exit deal. Currently staffed by four employees, Manulife Investment Management's Dublin office plans to hire two more people over the next six to nine months.

  • Moody's

    John Hancock Life & Health Insurance Company -- Moody's announces completion of a periodic review of ratings of Manufacturers Life Insurance Company (The)

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Manufacturers Life Insurance Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Why Hold Strategy is Apt for Manulife Financial (MFC) Now
    Zacks

    Why Hold Strategy is Apt for Manulife Financial (MFC) Now

    Manulife Financial (MFC) is is poised to grow over the long term given its operational excellence and growth initiatives.

  • Why Manulife Financial (MFC) is a Great Dividend Stock Right Now
    Zacks

    Why Manulife Financial (MFC) is a Great Dividend Stock Right Now

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Manulife Financial (MFC) have what it takes? Let's find out.

  • Manulife (MFC) Up 1.4% Since Last Earnings Report: Can It Continue?
    Zacks

    Manulife (MFC) Up 1.4% Since Last Earnings Report: Can It Continue?

    Manulife (MFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 10 Stocks to Buy to Ride China’s Emerging Wealth
    InvestorPlace

    10 Stocks to Buy to Ride China’s Emerging Wealth

    A recent statistic from GlobalData said that the affluent population in China, which includes both mass affluents and high-net-worth individuals, is expected to grow by 41% from 40.13 million to 56.67 million. Chinese stocks will benefit from this ongoing surge in the number of wealthy people in the country. According to GlobalData, the "mass affluent" includes anyone with liquid assets between $50,000 and $1 million, while the "high-net-worth individual" is anyone with liquid assets of more than $1 million. China is home to the third-highest number of affluent people behind only the U.S. and Japan. "This growth will be driven by rising levels of urbanization, infrastructure expansion, and high investment inflows in the country. Going forward, the number of affluent Chinese individuals is forecast to grow at a similar rate, reflecting the country's positive economic growth," stated Shivani Gupta, Wealth Analyst at GlobalData. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Tech Stocks to Buy Right Now So, which Chinese stocks will win between now and 2022? A likely place to start for stocks to buy are those companies focused on retail, both online and off. Not all of them will be based in China to benefit from the surge in the affluent population. Here are what I believe to be the 10 stocks to buy to ride this trend. Stocks to Buy: New Oriental Education (EDU)Source: Shutterstock New Oriental Education (NYSE:EDU) is the largest provider of private educational services in China. Those with the means to provide their children with additional schooling and tutoring are going to do so. EDU stock will benefit from this demand. On July 23, New Oriental announced its fourth-quarter results. They were extremely healthy. On the top line, net revenue increased by 20.2% compared to last year to $842.9 million, with operating income up 36.0% to $77.0 million. In fiscal 2019, New Oriental saw sales increase 26.5% to $3.1 billion, with operating income rising 16.2% to $305.5 million. During the fourth quarter, the company saw total student enrollments in academic subjects tutoring and test preparation courses increase by 33.9% to 2.8 million people, with the number of schools and learning centers increased by 152 to 1,233. On Aug. 29, EDU stock hit a 52-week high of $112.49. Its stock is up 98.4% year to date. New Oriental continues to be one of my favorite Chinese stocks. Alibaba (BABA)Source: Nopparat Khokthong / Shutterstock.com As Chinese stocks go, Alibaba (NYSE:BABA) has the highest potential to do big things outside its domestic market. While the Chinese market is massive, it is the market share that it can capture outside of China that will dictate how big it becomes. The e-commerce dynamo recently had a bit of a setback. It had planned to list its shares in Hong Kong by doing a secondary offering to raise a little cash and more importantly, bring its stock a little closer to home. Unfortunately, with all the protests going on over there, it decided to delay its Hong Kong listing until the fall or later. As I wrote on Aug. 26, it's not a big deal because of the company's firing on all cylinders at the moment. Its e-commerce and cloud businesses had revenue growth of 40% and 66% year over year in the latest quarter. It finished the quarter with $30.7 billion in cash. Alibaba stock is up 24% year to date. Nio (NIO)Source: THINK A / Shutterstock.com For Nio's (NYSE:NIO) sake, the affluent in China better be buying both its ES8 (7-seater) and ES6 (5-seater) over the next 12-24 months, because if they're not willing to fork over the dough for the tech-heavy SUV, it's unlikely that the middle class will be ready to spend the money. Also, the Chinese government is winding down the EV and plug-in hybrid subsidies. By the end of 2020, they should be gone. Adding to Nio's troubles, Tesla (NASDAQ:TSLA) is expected to begin manufacturing the Model 3 in China by the end of 2019. Those Tesla's will come with lower prices due to the lack of a tariff on the vehicles. I've been very tough on Nio in the past year because it loses more money than it generates in sales. That's not a sustainable business model. However, it's hard to deny that its vehicles are attractive. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off At less than $3, NIO stock is a good buy, but for aggressive investors only. Ctrip.com (CTRP)The one thing I know about the wealthy is that they love to travel.Carlyle Group (NASDAQ:CG) Co-Chairman David Rubenstein recently had an interesting story to share with Ctrip.com (NASDAQ:CTRP) CEO Jane Sun while speaking together at the 2019 Aspen Action Forum in Aspen, Colorado. Rubenstein mentioned that he had invested in the Chinese travel service provider back in 2003 when it was valued at $100 million. Rubenstein sold his stock for a 450% profit."At the time, we thought how brilliant are we? The company is today worth USD $21 billion. I guess I sold too soon, right?" Rubenstein told the Aspen audience. "I'm sure that the travel industry will continue to grow, and Ctrip's will capitalize on those opportunities," Sun said. "And I hope we can live up to the expectations of promoting the global economy and global peace."Although geopolitical issues are affecting leisure and corporate travel in China at the moment, the long-term prognosis continues to be good as the affluent look to do more air travel than in the past. China Life Insurance (LFC)Source: GotCredit via FlickrChina Life Insurance (NYSE:LFC) is one of the largest life insurance companies in China. It has more than 285 million life insurance policies, annuities, and other financial contracts in place. It is also one of the country's largest asset managers due to its controlling stake in China Life Asset Management Co. Ltd. The insurer reported its latest quarterly report on Aug. 22. Its net profit was 129% higher year over year to $5.3 billion. Its total premiums increased by 5% during the quarter and its stock is up 12.8% year to date through Aug. 28.In November, I suggested that LFC stock was one Chinese stock I thought was worth buying given it had lost 31% with one month left in 2018. Since then it's up 14%. * 7 Stocks to Buy Down 10% in the Past Week 68%-owned by the Chinese government, some investors might not feel all that comfortable about their investment. I'm not one of them. It is the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) of China. Autohome (ATHM)Source: Shutterstock As I mentioned in the section on Nio, the affluent are big car buyers. Autohome (NYSE:ATHM) provides consumers in China with the information and services required to successfully buy a car, including financing, insurance, used car sales, etc. The company announced its second-quarter results Aug. 7 and they were very healthy. On the top line, Autohome's revenue increased by 23.5% to $323.2 million. On the bottom line, net income increased by 14.9% to $119.7 million. That's a very impressive net margin of 37%. "In the second quarter, we maintained the solid growth momentum in our core business. Our new initiatives once again picked up steam and gained positive market recognition," stated CFO Jun Zou.On Aug. 18, Autohome held the world's first virtual reality auto show with more than 80 auto brands and over 2,400 dealers taking part. It plans to do more of this type of activity in the future to increase the exposure of the auto industry in China. If Autohome keeps this up, you can be sure the profits will continue to roll in. Noah Holdings (NOAH)If there's a Chinese stock that confuses me, it's got to be Noah Holdings (NYSE:NOAH). The Shanghai-based wealth manager aims to service clients with a net worth of a least $140,000. I've recommended it on several occasions in the past because I felt the growing middle class in China, not to mention the affluent class, would provide it with plenty of business. However, despite having more than $25 billion in assets under management and a growing online presence, its stock has lost half its value since reaching a $4 billion market cap in May 2018. As the Financial Times recently reported, the company distributed products involving supply-chain financing from a third party to its clients that turned out to be fraudulent. Noah reported Q2 2019 earnings on Aug. 28. In its conference call, NOAH openly dealt with the issue and feels the incident will eventually be in the rearview mirror. * 10 Stocks to Buy for September Do your due diligence on Noah, but this latest issue won't change my opinion about the company. I still believe it's got an excellent opportunity to win over a big chunk of the Chinese wealth management business. LVMH (LVMH)Source: Shutterstock If there's a company to benefit from the increase in affluent people in China, it would have to be LVMH (OTCMKTS:LVMUY), whose Louis Vuitton bags, Tag Heuer watches, and Moet & Chandon champagne are fashionable in the country of 1.4 billion people. In June, Vuitton Chief Executive Michael Burke said that Louis Vuitton is experiencing "unheard of growth rates" in China. The Chinese are buying more handbags and watches domestically than they are while traveling outside the country. One of the advantages for LVMH is that the Chinese have lowered tariffs from European products to encourage consumers to buy in China instead of overseas, and then resell them once back on the mainland. Regardless of what's happening with the U.S.-China trade war, LVMH CEO and founder Bernard Arnault continues to build a retail conglomerate like no other. Arnault is currently the world's third-richest person with a net worth of $96.0 billion, $27.4 billion higher in 2019, vaulting him $16 billion ahead of Warren Buffett. China will continue to be good for both LVMH and Arnault. Manulife Financial (MFC)I thought I would throw in a Canadian company that's doing well in China. Manulife Financial (NYSE:MFC) is primarily a life insurance company. It owns John Hancock in the U.S. and has a large wealth and asset management business.In the second quarter ended June 30, Manulife had C$1.45 billion in core earnings, C$471 million from its Asian business, which represents 32% of its overall earnings. By contrast, its Canadian insurance business accounts for 21% of its core earnings while the U.S. is responsible for 30% of its core earnings. Its global wealth and asset management business accounted for the remaining 17%. CEO Roy Gori, who ran the company's Asian business before taking the top job, said about the second quarter:"We delivered solid core earnings and net income of $1.5 billion in the quarter, with double-digit core earnings growth in Asia," Gori stated. "We have also taken steps to further strengthen Manulife's long-term growth opportunity in Asia, including entering into an asset management joint venture agreement in India." * 10 Marijuana Stocks That Could See 100% Gains, If Not More Although the company's Asian head office is in Hong Kong, it also has offices in Shanghai and Beijing. The company's first insurance policy in Asia was sold in Shanghai in 1897. iShares MSCI China (MCHI)Source: Shutterstock One of the quickest and easiest ways to benefit from the surge in affluent people in China is to buy an ETF like the iShares MSCI China ETF (NYSEARCA:MCHI), which provides exposure to a portfolio of mid-sized and large-sized companies based in China. The ETF tracks the performance of the MSCI China Index. It has a total of 462 holdings with a significant number of Chinese financial stocks that aren't listed in the U.S. Given wealthy people generally are in greater need of financial services, owning this ETF would help you ride the affluent trend. It charges 0.58% annually, which is reasonable given that many of the stocks can't be bought on a U.S. exchange. The ETFs top 10 holdings account for 48% of its $3.5 billion in total assets. The top three sectors: consumer cyclical, financial services, and technology, account for 67% of its total holdings. The average market cap is $67.3 billion. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 10 Stocks to Buy to Ride Chinaa€™s Emerging Wealth appeared first on InvestorPlace.

  • Manulife Financial Corporation (MFC) Q2 2019 Earnings Call Transcript
    Motley Fool

    Manulife Financial Corporation (MFC) Q2 2019 Earnings Call Transcript

    MFC earnings call for the period ending June 30, 2019.

  • Manulife (MFC) Q2 Earnings Rise Y/Y on Solid Asia Business
    Zacks

    Manulife (MFC) Q2 Earnings Rise Y/Y on Solid Asia Business

    Manulife (MFC) Q2 earnings reflect double-digit core earnings growth in Asia and higher investment income in surplus portfolio.