Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (2024)

Table of Contents
About MFC Financial Performance Analyst Forecast News Manulife announces additions to its Board of Directors Manulife Investment Management Announces Close of $752 Million Manulife Capital Partners VII, L.P. Manulife to host Investor Day in Asia Global Atlantic Closes $10 Billion Block Reinsurance Transaction with Manulife across both US and Japan Business Manulife Closes Milestone Reinsurance Transaction with Global Atlantic Manulife announces Subordinated Debenture issue Manulife announces Normal Course Issuer Bid Manulife files 2023 Audited Annual Financial Statements and Related MD&A Manulife declares preferred share dividends Manulife increases common shareholders' dividend by 9.6% Manulife Reports Full Year and Fourth Quarter 2023 Results Manulife Investment Management Names Anne Valentine Andrews as Global Head of Private Markets Spearmint Energy Secures $47.5 Million Project Finance Term Loan from Manulife for Battery Energy Storage Project in ERCOT Canada's Manulife changes policy on pharmacy prescriptions after backlash Manulife to Release Fourth Quarter and Full Year 2023 Financial Results Manulife partners with Aeroplan to boost digital health footprint Economic slowdown expected in 2024: Manulife Investment Management's Nate Thooft Manulife Investment Management Publishes Inaugural TNFD Aligned Nature-related Disclosure for Timberland and Agriculture Manulife Named to 2024 Corporate Knights Global 100 Manulife Announces New Global Longevity Innovation Challenge, in Partnership with the World Economic Forum's UpLink Manulife named to 2023 Dow Jones Sustainability North America Index Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic Manulife announces $13 billion reinsurance deal, including $6 billion of long-term care, with Global Atlantic Manulife Investment Management Announces $1.2 Billion Industrial Recapitalization with Scannell Properties and StepStone Real Estate

NYSE: MFC · IEX Real-Time Price · USD

24.07

-0.08 (-0.33%)

Mar 18, 2024, 4:00 PM EDT - Market closed

-0.33% (1D)

Market Cap 43.62B
Revenue (ttm) 25.32B
Net Income (ttm) 3.61B
Shares Out 1.81B
EPS (ttm) 1.93
PE Ratio 12.48
Forward PE 6.45
Dividend $1.18 (4.92%)
Ex-Dividend Date Feb 27, 2024
Volume 1,720,679
Open 24.17
Previous Close 24.15
Day's Range 24.06 - 24.27
52-Week Range 17.07 - 24.89
Beta 1.10
Analysts Buy
Price Target 34.00 (+41.26%)
Earnings Date May 8, 2024

About MFC

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent secu... [Read more]

Industry Insurance - Life

Sector Financials

IPO Date Sep 23, 1999

Employees 40,000

Stock Exchange NYSE

Ticker Symbol MFC

Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MFC stock is "Buy." The 12-month stock price forecast is $34.0, which is an increase of 41.26% from the latest price.

Price Target

$34.0

(41.26% upside)

Analyst Consensus: Buy

Stock Forecasts

News

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (1)

Manulife announces additions to its Board of Directors

TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , March 5, 2024 /PRNewswire/ - Manulife announced today that Mike Durland and Don Kanak have been appointed to its Board of Directors, effective March 5, 2024, ...

13 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (2)

Manulife Investment Management Announces Close of $752 Million Manulife Capital Partners VII, L.P.

US$ unless otherwise stated BOSTON , March 5, 2024 /PRNewswire/ - Manulife Investment Management announced today the final close of Manulife Capital Partners VII, ...

13 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (3)

Manulife to host Investor Day in Asia

TSX/NYSE/PSE:MFCSEHK: 945 TORONTO , Feb. 29, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") is hosting an Investor Day event in Hong Kong and Jakarta from June 25 to 27, 2024. The e...

18 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (4)

Global Atlantic Closes $10 Billion Block Reinsurance Transaction with Manulife across both US and Japan Business

NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today annou...

25 days ago - Business Wire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (5)

Manulife Closes Milestone Reinsurance Transaction with Global Atlantic

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 22, 2024 /PRNewswire/ - February 22, 2024 – Manulife announced...

25 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (6)

Manulife announces Subordinated Debenture issue

C$ unless otherwise statedTSX/NYSE/PSE:MFCSEHK: 945 TORONTO, Feb. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("MFC")announced today that it intends...

27 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (7)

Manulife announces Normal Course Issuer Bid

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that it has re...

27 days ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (8)

Manulife files 2023 Audited Annual Financial Statements and Related MD&A

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ - Manulife Financial Corporation has filed its 2023 audited annual financial st...

4 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (9)

Manulife declares preferred share dividends

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ -Manulife's Board of Directors today announced quarterly shareholders' dividends...

4 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (10)

Manulife increases common shareholders' dividend by 9.6%

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 14, 2024 /PRNewswire/ -Manulife's Board of Directors today announced an increase of 9.6% or 3.5...

4 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (11)

Manulife Reports Full Year and Fourth Quarter 2023 Results

TSX/NYSE/PSE: MFC SEHK: 945 C$unlessotherwisestated TORONTO , Feb. 14, 2024 /PRNewswire/ -ManulifeFinancial Corporat...

4 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (12)

Manulife Investment Management Names Anne Valentine Andrews as Global Head of Private Markets

Global asset management and alternatives investing leader to join world's largest natural capital investment manager March 4 TORONTO , Feb. 6, 2024 /PRNewswire/ - Manulife Investment Management (Manu...

5 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (13)

Spearmint Energy Secures $47.5 Million Project Finance Term Loan from Manulife for Battery Energy Storage Project in ERCOT

MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced...

5 weeks ago - Business Wire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (14)

Canada's Manulife changes policy on pharmacy prescriptions after backlash

Manulife Financial Corp on Monday rolled back a policy that will allow Canadians to fill their specialty medication prescriptions at any pharmacy, following a backlash after the insurer signed an excl...

6 weeks ago - Reuters

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (15)

Manulife to Release Fourth Quarter and Full Year 2023 Financial Results

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Jan. 31, 2024 /PRNewswire/ - Manulife Financial Corpo...

6 weeks ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (16)

Manulife partners with Aeroplan to boost digital health footprint

Canadian insurance giant Manulife Financial has entered into a multi-year partnership with travel loyalty program Aeroplan as it looks to bolster demand for its new healthcare initiative it is plannin...

7 weeks ago - Reuters

Economic slowdown expected in 2024: Manulife Investment Management's Nate Thooft

Nathan Thooft, Manulife Investment Management senior portfolio manager and global CIO, joins 'The Exchange' to discuss the odds of a 2024 recession, outlook for U.S. equities, and more.

2 months ago - CNBC Television

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (17)

Manulife Investment Management Publishes Inaugural TNFD Aligned Nature-related Disclosure for Timberland and Agriculture

Milestone report shares the firm's commitments to a nature-positive future TORONTO , Jan. 18, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM) announced it has published its inaugural ...

2 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (18)

Manulife Named to 2024 Corporate Knights Global 100

Ranking fourth within the Insurance industry, Manulife recognized for performance in sustainable revenues and investments DAVOS, Switzerland , Jan. 17, 2024 /PRNewswire/ -Manulife (TSX: MFC) has been...

2 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (19)

Manulife Announces New Global Longevity Innovation Challenge, in Partnership with the World Economic Forum's UpLink

Multi-year partnership will source global start-ups working to shape the future of longevity innovation and build an enabling ecosystem to accelerate their growth DAVOS, Switzerland , Jan. 17, 2024 /P...

2 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (20)

Manulife named to 2023 Dow Jones Sustainability North America Index

TORONTO , Dec. 13, 2023 /PRNewswire/ - Manulife today announced its appointment to the Dow Jones Sustainability North America Index (DJSI North America) ranking in the 93rd percentile of its GICS® Ind...

3 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (21)

Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business

NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today annou...

3 months ago - Business Wire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (22)

Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic

Manulife Financial Corp. MFC, +0.45% said Monday it agreed to have Global Atlantic reinsure $13 billion of its reserves across four legacy/low return-on-equity blocks. The company plans to buy back $1...

3 months ago - Market Watch

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (23)

Manulife announces $13 billion reinsurance deal, including $6 billion of long-term care, with Global Atlantic

L argest ever LTC reinsurance transaction Major milestone for Manulife's portfolio transformation $1.2 billion capital release will be returned to shareholders via share buybacks Conference call to ...

3 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (24)

Manulife Investment Management Announces $1.2 Billion Industrial Recapitalization with Scannell Properties and StepStone Real Estate

BOSTON , Dec. 5, 2023 /PRNewswire/ - Manulife Investment Management has announced a $1.2 billion partnership with Scannell Properties and StepStone Real Estate, facilitating the recapitalization of 35...

3 months ago - PRNewsWire

Manulife Financial Corporation (MFC) Stock Price, Quote & News - Stock Analysis (2024)
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