0V5H.L - Manulife Financial Corporation

LSE - LSE Delayed price. Currency in CAD
15.80
-9.03 (-36.39%)
As of 5:51PM BST. Market open.
Stock chart is not supported by your current browser
Previous close24.83
Open16.15
Bid0.00 x 0
Ask0.00 x 0
Day's range15.80 - 16.15
52-week range15.80 - 16.15
Volume600,000
Avg. volumeN/A
Market cap30.737B
Beta (5Y monthly)1.17
PE ratio (TTM)6.78
EPS (TTM)2.33
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • AM Best Affirms Credit Ratings of Manulife Financial Corporation and Its Subsidiaries
    Business Wire

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

    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.)

  • Manulife Is Leading Bidder for Aviva Vietnam Insurer Unit
    Bloomberg

    Manulife Is Leading Bidder for Aviva Vietnam Insurer Unit

    (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.

  • Why this large-cap dividend could be worth a look
    Stockopedia

    Why this large-cap dividend could be worth a look

    The compounding effects of reinvesting dividends over the long-term can be spectacular - but finding stocks to help you do it is a challenge... The present eco...

  • Why Is Manulife (MFC) Up 17% Since Last Earnings Report?
    Zacks

    Why Is Manulife (MFC) Up 17% Since Last Earnings Report?

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

  • Why You Should Hold Manulife (MFC) Stock in Your Portfolio
    Zacks

    Why You Should Hold Manulife (MFC) Stock in Your Portfolio

    Manulife (MFC) is poised to grow over the long term given its operational excellence and solid capital position.

  • There's A Lot To Like About Manulife Financial Corporation's (TSE:MFC) Upcoming CA$0.28 Dividend
    Simply Wall St.

    There's A Lot To Like About Manulife Financial Corporation's (TSE:MFC) Upcoming CA$0.28 Dividend

    Readers hoping to buy Manulife Financial Corporation (TSE:MFC) for its dividend will need to make their move shortly...

  • Two major factors that could drive the Manulife Financial share price
    Stockopedia

    Two major factors that could drive the Manulife Financial share price

    Shares in Manulife Financial (TSE:MFC) are currently trading at 16.44, but a key question for investors is how much the current economic uncertainty will affec8230;

  • Does Manulife Financial Corporation's (TSE:MFC) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does Manulife Financial Corporation's (TSE:MFC) CEO Salary Compare Well With Others?

    Roy Gori became the CEO of Manulife Financial Corporation (TSE:MFC) in 2017. First, this article will compare CEO...

  • With 17% Earnings Growth, Did Manulife Financial Corporation (TSE:MFC) Outperform The Industry?
    Simply Wall St.

    With 17% Earnings Growth, Did Manulife Financial Corporation (TSE:MFC) Outperform The Industry?

    When Manulife Financial Corporation (TSX:MFC) released its most recent earnings update (31 December 2019), I compared...

  • Goldman Plows More Funding Into No-Code Software Startup
    Bloomberg

    Goldman Plows More Funding Into No-Code Software Startup

    (Bloomberg) -- Unqork, a New York-based software company, raised an additional $51 million from backers including Goldman Sachs Group Inc. to accelerate a global expansion and move into new industries beyond insurance and financial services.The two-year-old startup is an application platform that doesn’t require any coding, allowing big companies, such as Liberty Mutual, John Hancock Life Insurance Co. and Manulife Financial Corp., to create custom software quicker and cheaper than the traditional way. Unqork’s no-code app platform allows developers to build visually, by dragging and dropping components on the screen.“Anything a Java developer or engineer can build using custom code, we can do it 200 times faster,” said Gary Hoberman, founder and chief executive officer, in an interview.The latest cash infusion from Goldman, and new investors Aquiline and World Innovation Lab, adds to the $80 million Unqork raised in October, led by CapitalG, Alphabet Inc’s growth equity investment fund. That brings the total raised in the latest funding round to $131 million. Unqork has raised $158 million to date.The cash influx will help the company expand its sales and marketing teams in the U.S. and abroad and develop partnerships with service firms like Cognizant Technology Solutions Corp., Deloitte LLP and KPMG LLP.(Updates with total funds raised in penultimate paragraph.)To contact the reporter on this story: Nikitha Sattiraju in New York at nsattiraju@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Andrew PollackFor 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.

  • Tech Investors Jolted by Apple Pin Hopes on a Fast Turnaround
    Bloomberg

    Tech Investors Jolted by Apple Pin Hopes on a Fast Turnaround

    (Bloomberg) -- Tech stock futures fell as traders worked to price in the impact of a revenue shortfall at a company responsible for more than a tenth of the S&P 500’s gain over the last year.While Apple Inc. described the impact of the coronavirus on its sales as “temporary,” slips among big tech companies sit uneasily with investors who have watched many stocks soar 50% or more over the past 12 months. The iPhone maker has a 12% weighting in the Nasdaq 100 Index, which closed last week at 29.4 times annual earnings, the highest in a decade.“This will be an important test,” said Jason Browne, president of Alexis Investment Partners. “Obviously, Apple is a huge weight in major indexes, and one of the most loved companies by investors. That may help as it has generally been better to buy Apple on setbacks than to sell, especially if the market expects the disruption to be temporary.”March contracts on the S&P 500 fell 0.4% as of 8:06 a.m. in London. Futures on the Nasdaq 100 lost 0.9%. Exchange trading of individual U.S. shares has been closed since Friday for the Presidents’ Day holiday. Both the tech-heavy Nasdaq and Apple itself are already up more than 10% in 2020, after an 86% rally in Apple last year pushed the gauge to its best performance since 2009.In a Monday release, Apple said it doesn’t expect to meet its revenue guidance for the March quarter due to work slowdowns and lower demand caused by the outbreak of novel coronavirus in China. The company had forecast revenue of $63 billion to $67 billion for the fiscal second quarter ending in March. Analysts on average estimated $65.23 billion.Equity traders face a difficult task in determining how much of the weakness is specific to Apple and whether to project the shortfall on the broader market. The company has always been likely to fare worse, given how much of its supply chain and consumer market are in China. At the same time, the sales warning is one of the most tangible examples of impact on a U.S. company and Apple’s size makes it capable of swaying indexes by itself.“My gut says I think the market probably expects this to some extent, and we know this market tends to look through things pretty well,” said Nathan Thooft, Manulife Asset Management’s head of global asset allocation. “People had anticipation that some of these companies would be affected by what was going on there and they certainly knew there were closures and supply chain issues.”While no rally is straight up, the one that has swollen Apple’s market value by as much as $545 billion since early August comes close, with only three down weeks in 21. The iPhone maker received 18% of its revenue from China in fiscal year 2019, data compiled by Bloomberg show, enough to keep analysts worried about the longer-term consequences of the outbreak.Apple’s news will have ramifications for a long list of semiconductors and other suppliers around the world. Its announcement came hours after Dow Jones reported that President Trump’s administration is considering new trade restrictions that would limit the use of U.S. equipment to produce chips for China’s Huawei Technologies Co.European equities opened lower on Tuesday, led by technology shares as the Stoxx 600 Technology Index fell as much as 1.6%. Semiconductor stocks tumbled, with ASML Holding NV falling 2.3%, STMicroelectronics NV dropping 2.6% and Infineon Technologies AG retreating 2.3%.“Of all the big companies exposed to China, this announcement seemed the most inevitable,” Michael Antonelli, managing director and market strategist at Robert W. Baird & Co, said by email. “What will this do to the market? It will remind investors that the risks surrounding the coronavirus are still unknown and unquantifiable. There will likely be an increase in volatility this week.”Apple’s most famous profit warning came in November 2018 amid the U.S. stock market’s worst stretch since the financial crisis. Its shares tumbled 7.1% on Nov. 2, 2018, after Apple reported stagnant iPhone sales and forecast revenue for the holiday quarter that fell short of Wall Street expectations at the midpoint. The Nasdaq 100 lost 1.5% that day.“We’ve been getting nothing but headlines about the virus for weeks. Starbucks is closing its stores, Caterpillar is shutting its facilities. Company after company has been saying this,” Jim Paulsen, chief investment strategist at Leuthold Group, said by phone. “We have been expecting bad sales headlines, this isn’t good, but it’s not surprising.”To contact the reporters on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net;Elena Popina in New York at epopina@bloomberg.net;Catherine Larkin in Chicago at clarkin4@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Chris NagiFor 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.

  • Why Manulife Financial Corporation (TSE:MFC) Is A Top Dividend Stock
    Simply Wall St.

    Why Manulife Financial Corporation (TSE:MFC) Is A Top Dividend Stock

    Today we'll take a closer look at Manulife Financial Corporation (TSE:MFC) from a dividend investor's perspective...

  • Is Manulife Financial Corporation's (TSE:MFC) 9.2% ROE Better Than Average?
    Simply Wall St.

    Is Manulife Financial Corporation's (TSE:MFC) 9.2% ROE Better Than Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Manulife Financial (TSE:MFC) Shareholders Booked A 26% Gain In The Last Year
    Simply Wall St.

    Manulife Financial (TSE:MFC) Shareholders Booked A 26% Gain In The Last Year

    These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But if you pick...

  • Should You Buy Manulife Financial Corporation (TSE:MFC) For Its Upcoming Dividend In 4 Days?
    Simply Wall St.

    Should You Buy Manulife Financial Corporation (TSE:MFC) For Its Upcoming Dividend In 4 Days?

    Readers hoping to buy Manulife Financial Corporation (TSE:MFC) for its dividend will need to make their move shortly...

  • Does Manulife Financial Corporation's (TSE:MFC) P/E Ratio Signal A Buying Opportunity?
    Simply Wall St.

    Does Manulife Financial Corporation's (TSE:MFC) P/E Ratio Signal A Buying Opportunity?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...

  • 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...

  • Reuters - UK Focus

    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.

  • What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?
    Simply Wall St.

    What Is Manulife Financial Corporation's (TSE:MFC) Share Price Doing?

    Manulife Financial Corporation (TSE:MFC) saw a double-digit share price rise of over 10% in the past couple of months...

  • How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Manulife Financial Corporation (TSE:MFC) Fare As A Dividend Stock?

    Dividend paying stocks like Manulife Financial Corporation (TSE:MFC) tend to be popular with investors, and for good...

  • 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.

  • How Many Manulife Financial Corporation (TSE:MFC) Shares Did Insiders Buy, In The Last Year?
    Simply Wall St.

    How Many Manulife Financial Corporation (TSE:MFC) Shares Did Insiders Buy, In The Last Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
    Bloomberg

    Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms

    (Bloomberg) -- Same-day shipping is becoming the norm for online shoppers but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, says Ric Kostick, chief executive officer of 100% PURE.The natural skincare company ships up to 5,000 orders a day from its own warehouse in San Jose, California. That works fine for customers on the West Coast but it can take up to a week to get its bamboo blur powder and coconut shower gel to the rest of the U.S. The company contemplated setting up an East Coast warehouse but the prospect was technically daunting.“The hardest thing is programming the technology to route the packages the right way and route the orders based on what a customer orders and what inventory is available at each site. Shopify has built the technology to calculate this,” says Kostick, who co-founded 100% PURE in 2004. “This is something I’ve wanted for years.”When Shopify said last month that it was moving into the fulfillment business -- essentially charging online merchants to store and ship their products -- the shares spiked and analysts began talking about the Canadian upstart as a potential competitor to Amazon.com Inc.It’s unlikely to become a serious threat to Amazon at this point. But many analysts believe the Ottawa-based company’s decision to add logistics to its range of online services is smart because it could help keep customers loyal, fend off competition and create an additional source of revenue. The move also could potentially pry small merchants from Amazon, which is focusing more on mega brands like Procter & Gamble Co.“A merchant is doing tens of millions of dollars in revenue but their fulfillment is a complete mess and that could prevent them from being successful,” says Taylor Sicard, a former Shopify employee who now runs a company that helps merchants set up e-commerce businesses. “It is a massive opportunity for Shopify.”Founded in 2006, Shopify had a simple pitch: pay us $29 a month and we’ll give you all the tools required to start an online business. Many Shopify customers fail, but the more successful they are, the more money Shopify makes through transaction fees and higher-priced subscription tiers. Its Shopify Plus premium service, which counts Kylie Jenner, The New York Times and 100% PURE as its customers, can cost at least $2,000 per month.Investors love the model. Shopify shares have soared more than 1,800% since the company went public in May 2015, making it one of Canada’s most successful startups. The stock has been hitting records almost daily and now has a market value of C$48.73 billion ($37 billion), bigger than two the country’s oldest financial heavyweights, Manulife Financial Corp. and Canadian Imperial Bank of Commerce.But Shopify has struggled to make a profit and is poised to report a net loss of $35 million on sales of $320 million for the second quarter on Aug. 1, according to the average of analyst estimates compiled by Bloomberg.As the company matures, meanwhile, it will be harder to sustain the average 74% year-over-year revenue growth rates it has managed over the past three years. There are also concerns that Shopify relies too heavily on a few, large merchants that use its premium services. Most of the company’s customers, which amounted to over 820,000 as of June, are smaller and tend to flame out on a regular basis, creating considerable churn.That’s where the fulfillment service comes in. The company has pledged to negotiate low rates with warehouses and shipping companies, then pass those savings on to its customers. In the future, Shopify could pool shipments from different merchants together, making shipping faster and cheaper and gaining some of the same advantages Amazon gets from its centralized fulfillment network.Initial PhaseIt’s partnered with logistics firms to offer the service to merchants shipping orders of 10 to 10,000 items in seven warehouses in states including Nevada, California, and Texas in the initial phase.“Right now it is really important that we invest in the right growth opportunities for the future and not necessarily take our foot off the gas,” says Harley Finkelstein, Shopify’s chief operating officer.Many merchants prefer using Shopify because they can create a brand on their own website, rather than being subsumed into an Amazon-style marketplace. The new fulfillment service will also let them slap their brand on the shipping cartons, something some fulfillment companies don’t offer.Kostick, who also sells his products on Amazon and uses its fulfillment network says the U.S. company provides access to one of the fastest-growing distribution channels for beauty products in the U.S., but Shopify offers more control.“You can customize your own website however you want,” he says. “Basically, you’re empowered.”Jennifer Harper, who also sells sustainable cosmetics through Shopify, says she will wait until Shopify sorts out any kinks before trying the fulfillment service. Others say it could be difficult and expensive to get out of existing contracts with standalone services in the short term.Happy MerchantsShopify says it could eventually build its own warehouses. While Shopify’s finance chief, Amy Shapero, has said that the company will be able to offset the cost with fees for the new service, some analysts say revenue will be limited at first because Shopify will need to offer discounts to lure merchants.Amazon may have little to fear from Canada’s most valuable tech company at this point. Still, Shopify offers a serious alternative to the Seattle leviathan.“Amazon is all about trying to satisfy the customer,” says Anurag Rana, a senior analyst at Bloomberg Intelligence. “They do whatever they can in their power to squeeze money out of the merchants to give it to customers. Shopify is the exact opposite. They will do whatever it takes to help the merchant and maximize their profit.”(Updates with share price and market cap in seventh paragraph)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, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • If You Like EPS Growth Then Check Out Manulife Financial (TSE:MFC) Before It's Too Late
    Simply Wall St.

    If You Like EPS Growth Then Check Out Manulife Financial (TSE:MFC) Before It's Too Late

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

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