MFC - Manulife Financial Corporation

NYSE - NYSE Delayed price. Currency in USD
16.84
-0.02 (-0.12%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous close16.86
Open16.37
Bid16.06 x 2200
Ask17.70 x 3200
Day's range16.24 - 16.85
52-week range16.06 - 21.23
Volume6,226,001
Avg. volume1,970,938
Market cap33.476B
Beta (5Y monthly)1.36
PE ratio (TTM)18.32
EPS (TTM)0.92
Earnings date08 Feb 2017 - 12 Feb 2017
Forward dividend & yield0.84 (5.00%)
Ex-dividend date23 Feb 2020
1y target est23.61
  • 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.

  • Manulife's (MFC) Q4 Earnings Rise Y/Y on Business Growth
    Zacks

    Manulife's (MFC) Q4 Earnings Rise Y/Y on Business Growth

    Manulife's (MFC) Q4 results benefit from in-force and new business expansion in the United States, Hong Kong and Asia Other.

  • Why Earnings Season Could Be Great for Manulife (MFC)
    Zacks

    Why Earnings Season Could Be Great for Manulife (MFC)

    Manulife (MFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • 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...

  • ESG Rock Stars Sprout From Safe Utility Stocks in Canada
    Bloomberg

    ESG Rock Stars Sprout From Safe Utility Stocks in Canada

    (Bloomberg) -- There’s a green revolution taking place in a corner of Canada’s stock market.Some of the nation’s oldest utilities are turning themselves into renewable powerhouses with a bigger foothold in alternative energy. And they’re being rewarded in the stock market by traders scouring for favorable investments in the environmental, social and governance space.“They are most definitely attractive because of the nature of the assets they own, which would be renewable assets,” Martin Grosskopf, money manager at AGF Investments Inc. said by phone. “There is absolutely appetite to get more exposure to carbon reductions and assets that are carbon-light.”Last year, the S&P/TSX Composite Utilities Index was the second-best group of Canadian stocks -- surging 32% and gaining C$35 billion ($26 billion) in market value -- driven largely by a pullback in bond yields, increased appetite for low-volatility shares and improving balance sheets. That has continued in 2020. They remain in the No. 2 spot, after tech, as geopolitical tensions and a viral outbreak roil global markets.Innergex Renewable Energy Inc., a renewable power producer, has soared 26% in 2020 after a 34% rally last year. Just this week, it announced a C$661 million partnership with Hydro-Québec targeting wind and solar projects.Boralex Inc., an electricity producer with renewable energy power stations, is up 20% this year after a 45% climb in 2019. Algonquin Power & Utilities Corp., the regulated utility with sustainable energy assets is trading at the highest level since it was listed about 22 years ago.While utilities have always been viewed as bond proxies in the stock market, Grosskopf says a shift is happening as the popularity of ESG investing climbs.“Yield is still very important for assessing the value of a company like a utility, but there is now an additional interest in the market regardless of the company’s spread over 10 years,” he said. “The dynamics are maybe changing a little bit.”Investor optimism is seen in a granular part of the stock market too -- the weighting of utility shares on the benchmark has doubled in four years.Canada stands out as a prime target for foreign investors in the sector. With a scarcity of quality public companies in the pure-play renewable space, Canada has a handful of them with solid management track records that have been around for a long time.“International investors from you name it from Europe to Asia to places like Australia have started to focus a bit more attention on some of these Canadian renewable names,” Mark Jarvi, an analyst at Canadian Imperial Bank of Commerce, said by phone.As more companies commit to zero emissions, the esteem of carbon offsets increases, making a case for value creation in renewable power producers that historically hadn’t been priced in, Jarvi said.Markets -- Just The NumbersEconomyThe economy added 34,500 positions in January, all in full-time work, beating economist expectations for 17,500 new jobs. The unemployment rate dropped slightly to 5.5% in the month, from 5.6% in December and wage gains accelerated 4.4%, while hours worked rose 0.5%.Canada can now put a price tag on its diplomatic feud with China -- exports to the Asian powerhouse plunged 16% to C$4.6 billion last year. That’s the first decline in shipments to China since 2014, and the largest drop in data going back to 1997.PoliticsIn more China news, Canada’s ambassador to Beijing said the arrest of a top Huawei Technologies Co. executive in late 2018 “fundamentally changed” the nation’s relationship with its second-largest trading partner. “The chill is real,” Dominic Barton told lawmakers Wednesday in Ottawa.Supporters of Canada’s energy industry can breathe a sigh of relief. Prime Minister Justin Trudeau’s government cleared a key legal hurdle on its plan to expand a major oil pipeline, providing optimism the project will proceed and sending a lifeline to the country’s ailing energy industry. But the cost to build the Trans Mountain expansion has increased 70% to C$12.6 billion because of legal delays and accommodations made to indigenous communities along its route, the pipeline’s operator said Friday in an emailed statement.TrendingInCanadaToronto Raptors NBA players Serge Ibaka and OG Anunoby had a “scarf-off” battle after Anunoby claimed that he helped Ibaka with his fashion sense and introduced him to scarves as a fashion accessory. Ibaka has vehemently denied that statement, adding that he’s been in the scarf game for 10 years.(Updates with closing prices and a week-in-review section.)To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.netTo contact the editors responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net, Jacqueline Thorpe, Rita NazarethFor 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.

  • Everest Re (RE) to Report Q4 Earnings: What's in the Cards?
    Zacks

    Everest Re (RE) to Report Q4 Earnings: What's in the Cards?

    Everest Re (RE) Q4 performance is likely to have benefited from pricing gains in Insurance and Reinsurance lines of business.

  • Never Mind Canada’s Bank Stocks as Traders Bet on Life Insurers
    Bloomberg

    Never Mind Canada’s Bank Stocks as Traders Bet on Life Insurers

    (Bloomberg) -- In a rare turn of events, once-loved Canadian bank stocks are no longer the favorites. Instead, investors are turning their attention to the country’s life insurers.In 2019, shares of the Canada’s largest lenders gained 14%, including dividends, lagging the S&P/TSX Composite’s 23% total return -- the first time they have trailed the benchmark since 2010. Banks have struggled to eke out strong earnings results as rising loan losses and eroding net interest margins hurt their profitability amid economic growth concerns. That pushed analysts to temper their forecasts for 2020.Life insurers, on the other hand, enjoyed a 40% surge in 2019. Manulife Financial Corp. and Sun Life Financial Inc. posted third-quarter profits last year that topped analysts’ expectations, as gains in Asia fueled earnings growth.The banks were performing very well until September 2018, “and then the bloom went off the rose,” said John Kinsey, a portfolio manager at Caldwell Securities Ltd. in Toronto. Some investors have soured on banks because of concerns about declining interest rates, mortgage quality and high levels of consumer debt, which are a risk to the economy.“The focus changed to the insurers because they hadn’t done well when the banks were performing at their peak,” he said.“Lifeco stocks outperforming bank stocks is an unusual occurrence, with back-to-back annual outperformance an even rarer outcome,” Gabriel Dechaine, an analyst at National Bank of Canada, said in a Jan. 28 report. “As long as growth concerns for the banks remain intense, this trend could continue.”When lifecos release fourth-quarter results next week, analysts are expecting them to show a strong finish to 2019. RBC Capital Markets analyst Darko Mihelic expects they will report a “solid end to a good year with double-digit core EPS growth forecast for all of the lifecos,” reflecting strong equity market performance in the quarter.Investors are betting on insurers after taking a cautious view of the Canadian economy as it suffers a bout of sluggish growth. Traders are anticipating at least one Bank of Canada interest rate cut this year, according to data compiled by Bloomberg, which could continue to hurt the bottom line for banks.Lower interest rates due to a potential economic downturn can also have a negative impact on insurers. But the largest Canadian lifecos have significant exposure to businesses outside of their home market. Manulife generated about 62% of its 2018 revenue internationally, while Sun Life made almost 45% of its sales in Asia and the U.S., according to Bloomberg data.“The relatively higher earnings generation outside of Canada that lifecos offer could become more appealing,” said National Bank’s Dechaine. He also expects them to prioritize share buybacks since several of the companies have “material amounts” of cash.Barclays analyst John Aiken raised his share price targets on Great-West, Manulife and Sun Life in a report last month and said that this expectations reflect “strong profitability and an improving operating environment” heading into reporting season.As their shares rally, valuations for Canadian life insurers are almost on par with banks. The price-to-earnings ratio for Canadian life insurers sits at 9 times compared to banks at 10 times, but Dechaine warns that the comparison is skewed by Manulife, which is the cheapest stock in the group. Once Manulife is excluded, “the sector is trading inline to historical averages and to the Big Six,” he said.To contact the reporters on this story: Divya Balji in Toronto at dbalji1@bloomberg.net;Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net, Derek DeCloet, Steven FrankFor 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.

  • India Stocks Have Yet to Price in Slowing Growth: Manulife
    Bloomberg

    India Stocks Have Yet to Price in Slowing Growth: Manulife

    (Bloomberg) -- The recent outperformance in Indian stocks may eventually fade.That’s according to Ronald Chan, Manulife Investment Management’s chief investment officer for Asia ex-Japan equities. Indian shares have yet to price in the nation’s slowing economy, which could expand at a rate of between 4.5% and 5% amid ongoing struggles with credit issues, sluggish consumption and conservative stimulus policies, Chan said. Growth of 5% would be India’s slowest pace since 2009.The benchmark S&P BSE Sensex Index climbed for a fourth day Thursday, quickly recovering from the losses triggered by Prime Minister Narendra Modi’s latest budget. The gauge has erased its drop for the year, while the MSCI Asia Pacific Index and the MSCI Emerging Markets Index are still down.The current relative strength in Indian equities may be due to a handful of top-weighted stocks outperforming and to inflows from investors avoiding markets more affected by the Wuhan coronavirus, Chan said by phone Tuesday. “Once China stabilizes, I think people would come to the reality that India’s growth trajectory will get lower,” he added.Chan is underweight India equities and has been cautious on the country’s industrial and consumer stocks. On the other hand, exporters, such as some IT and pharma companies, may take the spotlight this year, as they might benefit from a weaker rupee, he said.(A previous version of this story corrected the full name of the Manulife unit in the second paragraph)(Updates with Thursday trading in third paragraph)To contact the reporter on this story: Moxy Ying in Hong Kong at yying13@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Cecile Vannucci, Kurt SchusslerFor 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.

  • 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...

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - January 03, 2020
    Zacks

    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - January 03, 2020

    The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

  • 3 Top Dividend Stocks to Maximize Your Retirement Income - December 27, 2019
    Zacks

    3 Top Dividend Stocks to Maximize Your Retirement Income - December 27, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 19, 2019
    Zacks

    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 19, 2019

    The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

  • 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - December 12, 2019
    Zacks

    3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - December 12, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Life Insurance Outlook: Low Interest Rate Woes to Continue
    Zacks

    Life Insurance Outlook: Low Interest Rate Woes to Continue

    Life Insurance Outlook: Low Interest Rate Woes to Continue

  • 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...

  • Manulife (MFC) Down 2.6% Since Last Earnings Report: Can It Rebound?
    Zacks

    Manulife (MFC) Down 2.6% Since Last Earnings Report: Can It Rebound?

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

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 05, 2019
    Zacks

    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 05, 2019

    The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

  • 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.

  • Top Ranked Income Stocks to Buy for December 3rd
    Zacks

    Top Ranked Income Stocks to Buy for December 3rd

    Top Ranked Income Stocks to Buy for December 3rd

  • Is Manulife Financial Corp (MFC) a Solid Value Investor Pick?
    Zacks

    Is Manulife Financial Corp (MFC) a Solid Value Investor Pick?

    Let's see if Manulife Financial Corp (MFC) stock is a good choice for value-oriented investors right now from multiple angles.

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