Manulife Financial Stock Price | MFC Stock Quote, News, and History | Markets Insider (2024)

FAQs

Is Manulife Financial stock a buy? ›

Manulife Financial stock has received a consensus rating of buy. The average rating score is and is based on 3 buy ratings, 1 hold ratings, and 0 sell ratings. What was the 52-week low for Manulife Financial stock? The low in the last 52 weeks of Manulife Financial stock was 17.07.

MFC Stock 12 Month Forecast

Based on 9 Wall Street analysts offering 12 month price targets for Manulife Financial in the last 3 months. The average price target is C$39.26 with a high forecast of C$42.75 and a low forecast of C$34.80. The average price target represents a 6.89% change from the last price of C$36.73.

The Wall Street analyst predicted that Manulife Financial's share price could reach $40.00 by Jun 28, 2025. The average Manulife Financial stock price prediction forecasts a potential upside of 47.82% from the current MFC share price of $27.06.

Investors in Manulife have done very well over the past five years, seeing their investment grow roughly 60% alongside a very healthy dividend that's averaged well above 5%. Currently, the company's dividend yield sits a bit above the 5% level despite all this capital appreciation.

The Vanguard Group, Inc. is currently the company's largest shareholder with 4.1% of shares outstanding. Royal Bank of Canada, Banking & Securities Investments is the second largest shareholder owning 3.9% of common stock, and BMO Asset Management Corp.

Manulife common shares were split on a two for one basis by way of stock dividend effective June 2, 2006.

Toronto – Manulife's Board of Directors today announced an increase of 9.6% or 3.5 cents per share to its quarterly common shareholders' dividend resulting in a dividend of $0.40 per share on the common shares of Manulife, payable on and after March 19, 2024, to shareholders of record at the close of business on ...

During the past 12 months, Manulife Financial's average Dividends Per Share Growth Rate was 10.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.70% per year.

The Rating Outlook for Manulife and its operating subsidiaries is Stable. This rating action reflects the company's continued actions to reduce exposure to legacy blocks of business which Fitch views as riskier.

Is Manulife profitable? ›

Manulife profit beats estimates on strong gains from Asia, wealth management Back to video. Core earnings increased 16 per cent from a year earlier to $1.8 billion, or 94 cents a share, the Toronto-based life insurer and asset manager said Wednesday in a statement.

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.0. Our premium tools have predicted Manulife Financial Corp.

The all-time high Manulife Financial Corp stock closing price was 27.61 on August 30, 2024.

As of today (2024-09-07), Manulife Financial's Intrinsic Value: Projected FCF is $96.00. The stock price of Manulife Financial is $27.06. Therefore, Manulife Financial's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

As of today (2024-09-03), Manulife Financial's share price is $27.40. Manulife Financial's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $2.67. Therefore, Manulife Financial's PE Ratio without NRI for today is 10.25.

MFI Stock Forecast FAQ

Maple Leaf Foods Inc has 40.29% upside potential, based on the analysts' average price target. Maple Leaf Foods Inc has a consensus rating of Strong Buy which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings. The average price target for Maple Leaf Foods Inc is C$30.50.

Manulife Financial Corporation MFC is set to gain from the strength of its Asia business, its expanding Wealth and Asset Management business and a solid capital position. These, along with solid growth projections, make the stock worth retaining.