MFC - Manulife Financial Corporation

NYSE - NYSE Delayed Price. Currency in USD
18.41
-0.07 (-0.38%)
At close: 4:02PM EDT

18.46 +0.05 (0.29%)
After hours: 4:21PM EDT

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Previous Close18.48
Open18.48
Bid18.40 x 2900
Ask18.86 x 2200
Day's Range18.40 - 18.52
52 Week Range13.33 - 18.95
Volume1,258,707
Avg. Volume2,032,620
Market Cap36.176B
Beta (3Y Monthly)1.42
PE Ratio (TTM)20.03
EPS (TTM)0.92
Earnings DateFeb 9, 2017 - Feb 13, 2017
Forward Dividend & Yield0.75 (4.04%)
Ex-Dividend Date2019-05-13
1y Target Est23.61
Trade prices are not sourced from all markets
  • Pimco and Manulife Load Up on Colombian Government Peso Bonds
    Bloomberg12 hours ago

    Pimco and Manulife Load Up on Colombian Government Peso Bonds

    (Bloomberg) -- Two of the world’s biggest asset managers loaded up on Colombian peso bonds in the last quarter as the government pledged to rein in deficits to defend the nation’s investment-grade credit rating.Pacific Investment Management Co. and Manulife Financial Corp., two of the largest reported holders of the nation’s local debt, both added to their exposure since April, according to data compiled by Bloomberg. Pimco bought at least $100 million of the securities over that period, while Manulife purchased at least $45 million, according to data compiled by Bloomberg.“We have pivoted to having a more positive outlook on Colombian local bonds following the improvement in the macro framework which has been outlined by the ministry of finance,” Pramol Dhawan, Pimco’s Newport Beach-based head of emerging markets, said in an email. “They have been showing a strong determination to work with ratings agencies to preserve their credit ratings.”Pimco manages about $1.8 trillion in assets, while Manulife manages about $800 billion.Colombia’s economy is growing faster than peers including Brazil, Mexico and Chile. President Ivan Duque’s government has pledged to cut spending and said it will keep the fiscal deficit comfortably below its limit of 2.7% of gross domestic product this year. Fitch Ratings and Moody’s Investors Service both rate Colombia’s sovereign debt two steps above junk, while S&P Global Ratings rates it one notch above.The yield on Colombia’s peso bonds maturing in 2028 fell to a six-year low of 5.71% this month.Colombia will probably need to do more to curb its deficit, but it’s reassuring that it shows the necessary commitment to achieving this, said Richard Segal, a London-based analyst at Manulife.To contact the reporters on this story: Oscar Medina in Bogota at omedinacruz@bloomberg.net;Ben Bartenstein in New York at bbartenstei3@bloomberg.netTo contact the editors responsible for this story: Matthew Bristow at mbristow5@bloomberg.net, Alec D.B. McCabeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire8 days ago

    John Hancock Hedged Equity & Income Fund and John Hancock Financial Opportunities Fund Release Earnings Data

    BOSTON , July 10, 2019 /PRNewswire/ - John Hancock Hedged Equity & Income Fund (NYSE: HEQ) and John Hancock Financial Opportunities Fund (NYSE: BTO) announced earnings 1 for the three months ended June ...

  • CNW Group8 days ago

    Manulife Floating Rate Senior Loan Fund (TSX: MFR.UN) Announces 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 1,203,287 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 12,032,877 Class A Units as of the close of business on June 27, 2019 . The Fund will not purchase in any given 30-day period, in the aggregate, more than 240,657 Class A Units, being 2% of the issued and outstanding Class A Units as of the close of business on June 27, 2019 .

  • This is Why Manulife Financial (MFC) is a Great Dividend Stock
    Zacks9 days ago

    This is Why Manulife Financial (MFC) is a Great Dividend Stock

    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?
    Zacks15 days ago

    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.

  • Investors Chasing Higher Returns Can’t Skip India, Manulife Says
    Bloomberg15 days ago

    Investors Chasing Higher Returns Can’t Skip India, Manulife Says

    (Bloomberg) -- Overseas investors chasing higher returns can’t ignore India’s stocks as its economy ranks among the world’s strongest and bears the fruit of government-led reforms, according to Manulife Asset Management.“As China faces uncertainty after the trade war, money now needs to find a market which is large and growing, and India is among them,” Rana Gupta, managing director of Indian equities at Manulife Asset Management Singapore Pte., said in an interview in Mumbai. “India’s adding a few trillion dollars to the economy and that’s how it obviously generates interest.”Foreign investors have pumped more than $11 billion into Indian equities this year on bets there will be political stability and more room for a majority government to push for economic reform. The benchmark S&P BSE Sensex is near a record high set last month even after data released in May showed gross domestic product expanded at the slowest pace in several quarters, undermining the nation’s status as the world’s fastest-growing major economy.Amid uncertainty about global economic growth, investors are looking for markets that are driven by domestic demand, have room for lower interest rates, and are under a stable government that doesn’t indulge in populist spending, Gupta said. “Fortunately, India ticks all the four boxes and looks quite good as an investment opportunity,” he said.To read about Manulife’s business plans in India, click hereAbout 29% of Gupta’s $257 million Manulife India Equity Fund has holdings in banks and financial companies. It has returned 12% annually over the past three years, beating 87% of its rivals, according to data compiled by Bloomberg.Top PicksAmong financial shares, Manulife is betting mainly on non-state banks and insurance companies on the view they will benefit from an increasingly formal economy and the growing number of Indians parking their savings into financial instruments.Manulife is also eyeing businesses that stand to benefit from government measures on affordable housing, and the firm is interested in companies that produce white goods, ceramics and paint. Chemical and light engineering businesses are attractive, as they may gain from China’s economic shift to consumption from manufacturing, Gupta said.Potential challenges for Indian stocks include a slowing global economy, a possible rebound in oil prices, and an increase in risk aversion that could derail the flow of capital to emerging markets, according to Manulife.Manulife Financial Corp., which manages more than $1 trillion of assets globally, oversees about $500 million of Indian equities. On June 21, it signed a venture with India’s Mahindra Asset Management Co. to invest $35 million for a 49% stake.The S&P BSE Sensex was little changed at 39,824.18 as of 9:55 a.m. in Mumbai on Wednesday, holding its advance this year to more than 10%.(Adds possible risks in third-to-last paragraph and updates prices.)To contact the reporter on this story: Ameya Karve in Mumbai at akarve@bloomberg.netTo contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Naoto HosodaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire17 days ago

    John Hancock Closed-End Funds Declare Monthly Distributions

    Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0975 per share.

  • PR Newswire20 days ago

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

    BOSTON, June 28, 2019 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management (US) LLC and subadvised by both Manulife Investment Management (US) LLC, and Wells Capital Management, Inc. announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of June 13, 2019, 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. This notice provides shareholders of the John Hancock Tax-Advantaged Dividend Income Fund (HTD) with important information concerning the distribution declared on June 3, 2019, and payable on June 28, 2019.

  • PR Newswire20 days ago

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

    BOSTON, June 28, 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 Asset Management (US) LLC, announced today sources of its monthly distribution of $0.0975 per share paid to all shareholders of record as of June 13, 2019, 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. This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE:PDT) with important information concerning the distribution declared on June 3, 2019, and payable on June 28, 2019.

  • PR Newswire20 days ago

    John Hancock Hedged Equity & Income Fund Required Notice to Shareholders - Sources of Distribution Under Section 19(a)

    BOSTON, June 28, 2019 /PRNewswire/ - 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 13, 2019, 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. This notice provides shareholders of the John Hancock Hedged Equity & Income Fund (NYSE:HEQ) with important information concerning the distribution declared on June 3, 2019, and payable on June 28, 2019.

  • Business Wire21 days ago

    AM Best Affirms Credit Ratings of Manulife Financial Corporation and Its Subsidiaries

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa-” of the life/health insurance subsidiaries of Manulife Financial Corporation .

  • PR Newswire23 days ago

    Manulife Investment Management's Global Intelligence Report Sees Opportunity Despite Uncertainty Over the Next 12 Months

    TORONTO and BOSTON, June 25, 2019 /PRNewswire/ - Manulife Investment Management today released its biannual Global Intelligence report, a firmwide outlook highlighting notable perspectives from its private and public markets investment teams. Key themes in the report include global trade tensions, private infrastructure investing, ESG investing and climate change, the credit cycle and its implications for global fixed income, select growth in emerging market equities and liability-driven investing.

  • Bloomberg28 days ago

    Shopify Is Now More Valuable Than Two of Canada’s Oldest Companies

    (Bloomberg) -- Canada’s Shopify Inc., an e-commerce company that went public four years ago, is now more valuable than Manulife Financial Corp. and Canadian Imperial Bank of Commerce -- two financial institutions that have been around for more than a century.Shopify eclipsed the financial heavyweights in market value on Wednesday after announcing plans to spend $1 billion setting up a network of fulfillment centers in the U.S. and upgrades to its tools merchants use to sell products.Shopify traded at C$438.24 a share at 1 p.m. in Toronto on Thursday, giving it a market value of C$48.8 billion ($36.9 billion) and making the 12th biggest publicly traded company in Canada. Manulife was at C$46.7 billion and CIBC at C$46.4 billion.The Ottawa-based company has surged 132% this year, the top-performer on the S&P/TSX and a bigger advance than any stock on the S&P 500.To contact the reporter on this story: Simran Jagdev in Toronto at sjagdev1@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net, ;Jillian Ward at jward56@bloomberg.net, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group28 days ago

    Manulife Investment Management Announces Cash Distributions for Manulife Exchange Traded Funds

    Manulife Investment Management Announces Cash Distributions for Manulife Exchange Traded Funds

  • CNW Group29 days ago

    Manulife Investment Management Closed-End Funds Announce Monthly Fund Distributions

    Manulife Investment Management Closed-End Funds Announce Monthly Fund Distributions

  • PR Newswirelast month

    New Study Finds Only 23% of American Consumers Believe They Have Power to Make Change, Despite a Desire to See Progress

    BOSTON, June 18, 2019 /PRNewswire/ -- Today, COIN, a values-based investing platform backed by John Hancock, launched the 2019 State of the Conscious Consumer Study, revealing that only 23 percent of Americans actually believe in their individual impact to create positive change, despite a strong desire to see progress. The survey of more than 1,000 adults set out to measure the attitudes, perceptions and behaviors of American consumers toward positive social and environmental change.

  • CNW Grouplast month

    Manulife President and CEO Roy Gori to Speak at True North Conference

    Manulife President and CEO Roy Gori to Speak at True North Conference

  • ALL-IN! Manulife Bank shows banking can be done differently
    CNW Grouplast month

    ALL-IN! Manulife Bank shows banking can be done differently

    TORONTO , June 10, 2019 /CNW/ - Today, Manulife Bank announced the launch of its innovative new digital All-In Banking Package, a multi-product banking package that helps Canadians develop better financial habits and improve their financial wellbeing.

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

    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 Grouplast month

    Manulife Financial Corporation announces results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15

    TORONTO , June 5, 2019 /CNW/ - Manulife Financial Corporation ("Manulife") today announced that after having taken into account all election notices received by the June 4, 2019 deadline for conversion of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 15 (the "Series 15 Preferred Shares") (MFC-PL.TO) into Non-cumulative Floating Rate Class 1 Shares Series 16 of Manulife (the "Series 16 Preferred Shares"), the holders of Series 15 Preferred Shares are not entitled to convert their Series 15 Preferred Shares into Series 16 Preferred Shares. There were 148,979 Series 15 Preferred Shares elected for conversion, which is less than the minimum one million shares required to give effect to conversions into Series 16 Preferred Shares.

  • PR Newswirelast month

    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.