Commodity Channel Index
|Bid||0.00 x 4000|
|Ask||0.00 x 3100|
|Day's Range||13.30 - 13.69|
|52 Week Range||8.62 - 21.23|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||14.49|
|Earnings Date||Feb 09, 2017 - Feb 13, 2017|
|Forward Dividend & Yield||0.82 (6.05%)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||23.61|
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" of the life/health insurance subsidiaries of Manulife Financial Corporation (Toronto, Canada) [NYSE: MFC]. Concurrently, AM Best has affirmed the Long-Term ICR of "a-" and the Long-Term Issue Credit Ratings (Long-Term IR) of MFC. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)
John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC (the "Adviser") and subadvised by Wellington Management Company LLP (the "Subadviser"), announced today sources of its quarterly distribution of $0.3760 per share paid to all shareholders of record as of June 11, 2020, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.
John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by both Manulife Investment Management (US) LLC, and Wells Capital Management Incorporated, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of June 11, 2020, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.
John Hancock Premium Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.0975 per share paid to all shareholders of record as of June 11, 2020, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.
Manulife Investment Management Confirms the Final June Cash Distribution for Manulife Multifactor Emerging Markets Index ETF
Manulife Investment Management Announces Revised Cash Distribution for Manulife Multifactor Emerging Markets Index ETF
(Bloomberg) -- Manulife Financial Corp. is emerging as the leading bidder for Aviva Plc’s Vietnamese unit as it eyes further expansion in southeast Asia, according to people familiar with the matter.The Canadian insurer is weighing a deal that would include a so-called bancassurance agreement with Aviva’s local partner Vietnam Joint Stock Commercial Bank for Industry & Trade, or VietinBank as it is known, to sell insurance products through the state-owned lender’s branches, the people said. A deal could be valued at several hundred million dollars, the people said, asking not to be identified because the deliberations are private.Negotiations are still ongoing and could still fall apart, the people said. Other bidders could also emerge, they said. Representatives for Aviva, Manulife and VietinBank declined to comment.Manulife operates in 11 markets in Asia including Vietnam, Japan and Hong Kong. Asia represented roughly a third of the company’s core earnings from operating segments last year, and 2019 saw the number of Manulife agents in the region increase by 20% to more than 95,000, according to the insurer’s latest annual report.Bancassurance deals have become a popular way for insurers to expand in Southeast Asia. Last year, FWD Group Ltd., the acquisitive insurer backed by Hong Kong billionaire Richard Li, signed a partnership with Vietnam’s largest lender, Bank for Foreign Trade of Vietnam JSC, known as Vietcombank.Aviva is exploring options for its businesses in Asia including Vietnam, Hong Kong and Indonesia, following a strategic review. In March, it agreed to exit Indonesia by selling its stake in its joint venture to its partner PT Astra International Tbk for an undisclosed amount.Shares of Aviva rose as much as 2% in early Friday trading in London, giving the insurer a market value of about $13.2 billion.(Updates to add Aviva’s shares in the last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Manulife and John Hancock are investing more than $3.5 million over the next two years to promote diversity, equity and inclusion in the workplace and the communities we serve. The goals of these focused investments are three-fold: to increase the representation of diverse talent at all levels in the organization; create greater inclusion across the company through enhanced training; and to support organizations helping Black, Indigenous and People of Colour (BIPOC) communities.
John Hancock today announced the launch of a proprietary electronic application platform, JH eApp, the company's latest advancement in modernizing the life insurance purchase experience for insurance agents and their customers. The platform is designed to significantly streamline and accelerate an experience that has traditionally been time-consuming and cumbersome by reducing processing times from weeks to, in some cases, just minutes. The new digital platform is available for applications ages 18-79 and all face amounts. For eligible submissions, this will enable a potentially "instant" underwriting decision via John Hancock ExpressTrack®, the company's accelerated underwriting solution.1
In this article you are going to find out whether hedge funds think Manulife Financial Corporation (NYSE:MFC) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
John Hancock has hired Amanda Weaver to join its Government Relations team as Assistant Vice President, with a focus on Long Term Care (LTC) related legislation and regulatory work. Ms. Weaver will serve as the face of John Hancock LTC to state regulatory and legislative bodies, and the U.S. Office of Personnel Management (in connection with the Federal Long Term Care Insurance Program).
Manulife Financial Corp's <MFC.TO> chief executive said on Wednesday an environment of lower interest rates for longer is proving a challenge for the insurer, which did not expect the "significant" drop in long-term rates that has taken place. "A new era of lower rates for longer is a new headwind we'll have to grapple with," Roy Gori said at the S&P Global Insurance Conference. Global insurance companies are seeing plunging yields slam investment returns, while the pandemic has boosted some payout expenses.
Manulife Chief Executive Officer to Speak at the S&P Global Ratings 2020 Virtual Insurance Conference
John Hancock Retirement today announced the launch of two digital tools, Onboarding Resource Center (ORC) and Plan Manager, to help financial professionals better serve clients in the current digital environment in light of COVID-19. Both tools are designed to increase efficiency using a digital, systematic approach to plan management that facilitates a setting where financial professionals can still provide diligent, personalized service while also growing their practice. These tools can be found on John Hancock Retirement's new Financial Professional Resources webpage, where advisors can find resources and support to help navigate the everchanging digital environment.
Manulife and John Hancock will be giving its more than 35,000 employees a "Thank You Day" off on Friday, June 19 this year in appreciation of all the hard work they've done serving customers and helping people make decisions easier and lives better. In addition, the Company will be providing five additional personal days next year to each employee to support wellbeing by encouraging regular time off, and provide the opportunity for employees to take vacations that are meaningful to them which they may not have been able to do in the current environment.
Manulife Financial Corporation ("MFC") announced today that it has entered into an agreement to privately place U.S.$200 million principal amount of 2.396% senior notes due June 1, 2027 (the "Notes").
John Hancock was honored with eleven Stevie® Awards in the 18th American Business Awards®, including five Gold, four Silver and two Bronze. The winners will be presented their awards on Wednesday, August 5 during a virtual ceremony. John Hancock awards include: