MFC - Manulife Financial Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
18.31
+0.09 (+0.49%)
As of 9:34AM EDT. Market open.
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Previous Close18.22
Open18.25
Bid0.00 x 1800
Ask0.00 x 1800
Day's Range18.22 - 18.28
52 Week Range13.33 - 18.87
Volume74,355
Avg. Volume1,756,821
Market Cap35.685B
Beta (3Y Monthly)1.46
PE Ratio (TTM)19.92
EPS (TTM)0.92
Earnings DateFeb 9, 2017 - Feb 13, 2017
Forward Dividend & Yield0.75 (4.10%)
Ex-Dividend Date2019-08-19
1y Target Est23.61
Trade prices are not sourced from all markets
  • CNW Group

    Manulife Investment Management Closed-End Funds Announce Monthly Fund Distributions

    Manulife Investment Management Closed-End Funds Announce Monthly Fund Distributions

  • 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.

  • PR Newswire

    John Hancock to Expand Personal Advice Offering with Morningstar Investment Management's Advisor Managed Account Services

    TSX/NYSE/PSE: MFC  SEHK: 945 BOSTON , Sept. 17, 2019 /PRNewswire/ - John Hancock Retirement ("John Hancock") announced today it has signed an agreement with Morningstar Investment Management ...

  • CNW Group

    Manulife Investment Management to implement changes to its mutual fund platform

    Manulife Investment Management to implement changes to its mutual fund platform

  • 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.

  • CNW Group

    Manulife U.S. Regional Bank Trust (TSX: MBK.UN) Announces Renewal of Normal Course Issuer Bid

    Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 423,340 Class A Units of the Fund, representing 10% of the public float, which is the same number as the Fund's issued and outstanding Class A Units, being 4,233,400 Class A Units as of the close of business on September 3, 2019 . Purchases of Class A Units under the NCIB may commence on September 17, 2019 . Manulife Investment Management Limited, the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund's assets.

  • Duke Energy completes sale of minority interest in its commercial renewable energy portfolio to John Hancock
    PR Newswire

    Duke Energy completes sale of minority interest in its commercial renewable energy portfolio to John Hancock

    CHARLOTTE, N.C. , Sept. 6, 2019 /PRNewswire/ -- Duke Energy (NYSE: DUK) today completed its previously announced sale of a minority interest in a portion of its commercial renewable energy portfolio owned ...

  • 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.

  • PR Newswire

    Manulife President and Chief Executive Officer to Speak at the Barclays Global Financial Services Conference

    C$ unless otherwise stated                               TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Sept. 4, 2019 /PRNewswire/ - Roy Gori , President and Chief Executive Officer of Manulife, will speak ...

  • John Hancock Closed-End Funds Declare Quarterly Distributions
    PR Newswire

    John Hancock Closed-End Funds Declare Quarterly Distributions

    Hedged Equity & Income Fund (the "Fund") declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "HEQ Plan"). Under the HEQ Plan, the Fund makes quarterly distributions in a fixed amount of $0.3760 per share, which will be paid quarterly until further notice. Distributions under the HEQ Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital.

  • 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.

  • John Hancock Premium Dividend Fund Notice to Shareholders - Sources of Distribution Under Section 19(a)
    PR Newswire

    John Hancock Premium Dividend Fund Notice to Shareholders - Sources of Distribution Under Section 19(a)

    BOSTON, Aug. 30, 2019 /PRNewswire/ - 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 August 12, 2019, pursuant to the Fund's managed distribution plan. This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE:PDT) with important information concerning the distribution declared on August 1, 2019, and payable on August 30, 2019.

  • PR Newswire

    Manulife President and Chief Executive Officer to Speak at the Scotiabank Financials Summit

    TORONTO, Aug. 30, 2019 /PRNewswire/ - Roy Gori, President and Chief Executive Officer of Manulife, will speak at the 20th Annual Scotiabank Financials Summit on Thursday, September 5, 2019. Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

  • 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.

  • CNW Group

    Manulife Investment Management Earns Straight "A's" From United Nations-Supported PRI

    TORONTO , Aug. 22, 2019 /CNW/ - Manulife Investment Management announced today that it has been recognized with top scores (A+ and A) in all submitted categories from the United Nations-supported Principles for Responsible Investment (PRI) annual Environmental, Social and Governance (ESG) assessment report for 2018. Manulife Investment Management received a score of A+ from the United Nations' Principles for Responsible Investment (PRI) on the Strategy and Governance module for its approach to integrating ESG considerations into business investment practices across a range of asset classes.

  • CNW Group

    Manulife Investment Management announces changes to risk ratings on select exchange-traded funds

    Manulife Investment Management announces changes to risk ratings on select exchange-traded funds

  • 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.

  • CNW Group

    Manulife supports measures to reduce medication costs in Canada

    TORONTO , Aug. 9, 2019 /CNW/ - Earlier today the Government of Canada announced changes to the Patented Medicine Price Review Board. "Manulife strongly supports measures to reduce the cost of medications," said Donna Carbell , Head of Group Benefits, Manulife Canada.

  • 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.

  • Chinese Stimulus to Be Far Less Impactful for Domestic Economy, Says Manulife’s Trinh
    Bloomberg

    Chinese Stimulus to Be Far Less Impactful for Domestic Economy, Says Manulife’s Trinh

    Sep.17 -- Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses her views on China’s economy and where she sees it heading. She speaks on “Bloomberg Markets: China Open.”

  • Repo Turmoil Points to Shortage of U.S. Dollars in System, Says Manulife’s Trinh
    Bloomberg

    Repo Turmoil Points to Shortage of U.S. Dollars in System, Says Manulife’s Trinh

    Sep.17 -- Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses the repo market volatility and its impact on Fed policy. She speaks on “Bloomberg Markets: China Open.”