MFC.TO - Manulife Financial Corporation

Toronto - Toronto Delayed Price. Currency in CAD
26.31
+0.05 (+0.19%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close26.26
Open26.30
Bid26.28 x 0
Ask26.29 x 0
Day's Range26.23 - 26.35
52 Week Range18.33 - 26.47
Volume9,313,811
Avg. Volume4,725,004
Market Cap51.275B
Beta (3Y Monthly)1.38
PE Ratio (TTM)10.80
EPS (TTM)2.44
Earnings DateFeb. 12, 2020
Forward Dividend & Yield1.00 (3.81%)
Ex-Dividend Date2019-11-18
1y Target Est30.25
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,028.47, up 56.29 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 79 cents, or 18.04 per cent, to $3.59 on 27.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up five cents, or 0.19 per cent, to $26.31 on 9.3 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 51 cents, or 1.02 per cent, to $50.51 on 8.2 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 13 cents, or 15.66 per cent, to 70 cents on 6 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up five cents, or 0.95 per cent, to $5.29 on 5.5 million shares.OceanaGold Corp. (TSX:OGC). Materials. Down 55 cents, or 17.46 per cent, to $2.60 on 5.1 million shares. Companies in the news:Aurora Cannabis Inc. — Aurora Cannabis Inc. shares sank to a two-year low Friday after its revenues missed expectations and the pot producer announced it was halting construction at one production facility and pausing work at another to save over $190 million in planned expenses. Aurora announced after markets closed on Thursday that it will immediately cease construction of its Aurora Nordic 2 facility in Denmark to save about $80 million over the next year, as well as indefinitely defer completion of construction and commissioning at its Aurora Sun facility in Alberta to conserve $110 million.The Green Organic Dutchman Holdings Ltd. — The Green Organic Dutchman Holdings Ltd. shares fell sharply in early trading following a $20.1 million third quarter loss for the cannabis company as the industry struggles to meet expectations. The Mississauga-based company says its loss increased from $11.3 million in the same quarter last year as costs rose from its expansion towards commercial production. The company says it invested $104 million in capital spending in the quarter, including the continued construction of two facilities in Ontario and Quebec.Canadian National Railway Co. (TSX:CNR). Up 44 cents to $123.94. Canadian National Railway Co. is confirming job cuts as it deals with a weakening North American economy that has eroded demand for railroad transportation. The company said it is "adjusting its resources to demand" but wouldn't say how many people will be affected. It said some employees will be placed on furlough and there will be reductions in both management and union job numbers. In October, Canada's largest railroad operator cut its adjusted earnings per share outlook percentage for 2019 to the high single digits, down from predictions of low double-digit growth.This report by The Canadian Press was first published Nov. 15, 2019. The Canadian Press

  • CNW Group

    Manulife Investment Management Takes Home Three Lipper Fund Awards in 2019

    TORONTO , Nov. 15, 2019 /CNW/ - Three of Manulife Investment Management funds were recognized at the Lipper Fund Awards from Refinitiv 20191, Canada ceremony, held in Toronto last night. This is the seventh consecutive year Manulife funds are recognized by the Lipper Fund Awards.

  • Thomson Reuters StreetEvents

    Edited Transcript of MFC.TO earnings conference call or presentation 7-Nov-19 1:00pm GMT

    Q3 2019 Manulife Financial Corp Earnings Call

  • The Canadian Press

    Manulife and TTC reach deal to settle Healthy Fit benefits fraud case

    TORONTO — Manulife Financial Corp. says it has reached a settlement with the Toronto Transit Commission related to the Healthy Fit benefits fraud case. Terms of the agreement were not disclosed.Following a tip, the TTC began an investigation in 2014 that found that Healthy Fit, a health-care products and service provider, was issuing fake or inflated receipts.Employees would submit the falsified claims to Manulife, the company's insurance provider, collect the money, then share the payment with Healthy Fit.The TTC had sued Manulife alleging the company did not have the appropriate fraud management controls in place, a claim the insurance company denied.Manulife says it continues to strengthen and invest in its fraud program, which includes proactive efforts and prevention through its trusted provider network.Adam Smith, the proprietor of Healthy Fit, pleaded guilty to two counts of fraud over $5,000 and was sentenced to two years in prison in 2017.This report by The Canadian Press was first published Nov. 13, 2019.Companies in this story: (TSX:MFC) The Canadian Press

  • CNW Group

    Manulife and TTC resolve matter related to Healthy Fit case

    TORONTO, Nov. 13, 2019 /CNW/ - Manulife and the Toronto Transit Commission (TTC), in partnership, are pleased to have resolved the matter related to the Healthy Fit case. Terms of the settlement, which is related to a 2016 TTC statement of claim, were not disclosed. Manulife and the TTC remain united in a commitment to fraud prevention and collaborated on the investigation that brought Healthy Fit to justice.

  • CNW Group

    Manulife Investment Management Welcomes Eataly to Manulife Centre

    C$ unless otherwise stated Eataly's first location in Canada Following investment of $100 million revitalization to Manulife Centre Bloor Street location is home to many well-known Canadian brands TORONTO ...

  • 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...

  • CNW Group

    Manulife announces Normal Course Issuer Bid

    TORONTO, Nov. 12, 2019 /CNW/ - Manulife Financial Corporation ("Manulife") announced today that it has received approval from the Toronto Stock Exchange ("TSX") for its previously announced normal course issuer bid ("NCIB") permitting the purchase for cancellation of up to 58 million of its common shares, representing approximately 3% of Manulife's issued and outstanding common shares. As at October 31, 2019, Manulife had 1,948,859,681 common shares issued and outstanding. The Office of the Superintendent of Financial Institutions Canada previously approved the NCIB.

  • Canada’s Cheapest Life Insurance Company
    The Motley Fool

    Canada’s Cheapest Life Insurance Company

    Manulife Financial Corp (TSX:MFC)(NYSE:MFC) has a strong balance sheet, trades at a low earnings and book value multiple, and has steadily grown shareholder equity. Why does this Canadian life insurance trading at a significant discount to peers?

  • 3 Red-Hot Stocks Hitting New 52-Week Highs
    The Motley Fool

    3 Red-Hot Stocks Hitting New 52-Week Highs

    Tired of declines? This trio of momentum stocks, including Air Canada (TSX:AC), might have the rocket fuel you need.

  • CNW Group

    Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 17

    TORONTO, Nov. 8, 2019 /CNW/ - Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 (the "Series 17 Preferred Shares") (TSX:MFC-PM.TO - News) on December 19, 2019. As a result, subject to certain conditions described in the prospectus supplement dated August 11, 2014 relating to the issuance of the Series 17 Preferred Shares (the "Prospectus"), the holders of the Series 17 Preferred Shares have the right, at their option, to convert all or part of their Series 17 Preferred Shares on a one-for-one basis into Non-cumulative Floating Rate Class 1 Shares Series 18 of Manulife (the "Series 18 Preferred Shares") on December 19, 2019.

  • This Discounted Dividend Stock is Breaking Out
    The Motley Fool

    This Discounted Dividend Stock is Breaking Out

    Seeking value and income? Consider Manulife Financial (TSX:MFC)(NYSE:MFC) stock today!

  • 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...

  • Bloomberg

    Manulife, Sun Life Profits Beat Estimates on Asia Gains

    (Bloomberg) -- Canadian insurers Manulife Financial Corp. and Sun Life Financial Inc. posted third-quarter profits that topped analysts’ expectations, as gains in Asia fueled earnings growth.Sun Life saw underlying profit in Asia surge 25% to C$138 million ($105 million), boosted by higher sales in insurance and wealth, while Manulife’s record C$520 million of core earnings for the region was up 13% from a year earlier.“The rebound in Asia was stronger than expected” for Sun Life, Sumit Malhotra, an analyst at Bank of Nova Scotia, said in a note to clients. For Manulife “Asia once again carried the freight for earnings power,” Malhotra said.Shares of Manulife, Canada’s largest life insurer, rose 2.6% to C$26.12 at 9:47 a.m. in Toronto, its biggest intraday increase since Oct. 11. Sun Life advanced 1.5% to C$61.55.Sun Life’s underlying net income rose 11% to C$809 million in the quarter, with per-share earnings of C$1.37 topping the C$1.27-a-share average estimate of 12 analysts surveyed by Bloomberg. The Toronto-based insurer reported C$78 million of tax-related benefits in the quarter, which contributed to the beat. Sun Life raised its dividend by 5% to 55 cents a share.Among Sun Life’s other key divisions, underlying earnings in Canada rose 6.8% to C$268 million while the U.S. division saw profit slide 2.9%. Its asset management division saw little change from a year earlier, at C$251 million.Manulife’s core earnings fell 0.8% to C$1.53 billion, or 76 cents a share, beating the 73-cent average estimate of 13 analysts in a Bloomberg survey. Earnings in the U.S. rose 0.9% to C$471 million while the Canadian division had a 7.6% drop in profit to C$318 million, with reduced earnings partly due to sales of portfolios to reinsurers. Wealth and asset management earnings fell 2.4% to C$281 million.While Asia earnings were at a record, the pace of growth showed signs of slowing from the first half and last year. The company has seen a contraction in Japan, though that’s being offset by growth in Hong Kong, China and Vietnam, according to Chief Financial Officer Phil Witherington.“We remain very optimistic about Asia,” Witherington said in a phone interview. “The fact that the mix is shifting away from Japan into other markets actually reinforces the strategy that we have in Asia, which is positioning ourselves for sustainable double-digit growth.“(Updates with shares in fourth paragraph.)To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Jacqueline Thorpe, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Manulife beats expectations as core Q3 profit flat but net income plunges
    The Canadian Press

    Manulife beats expectations as core Q3 profit flat but net income plunges

    TORONTO — Manulife Financial Corp. beat expectations as its core net income were flat in the third quarter even though its net profit plunged by more than half to $723 million due to actuarial accounting assumptions.The Toronto-based insurer says its core earnings for the period ended Sept. 30 were $1.53 billion, down from $1.54 billion a year earlier.That equalled 76 cents per share, compared with 75 cents per share in the prior year.Net income attributable to shareholders equalled $723 million or 35 cents per share, compared with $1.57 billion or 77 cents per share in the third quarter of 2018.Manulife says the previously announced charges include a $500-million charge related to updated ultimate reinvestment rate (URR) assumption issued by the Canadian Actuarial Standards Board that reflect lower-than-expected returns.Analysts had expected adjusted net income of $1.43 billion and earning per share of 73 cents per share, according to the financial markets data firm Refinitiv.In recent quarters, the financial services company's earnings has gotten a boost from its presence in Asia, including Hong Kong.Meanwhile, the company has been taking steps to transform the overall organization, including aiming to free up $5 billion in capital by 2022.As well, last June, Manulife announced it was cutting about 700 jobs as part of a plan to streamline and digitize its customer service operations.This report by The Canadian Press was first published Nov. 6, 2019.Companies in this story: (TSX:MFC)The Canadian Press

  • CNW Group

    Manulife Financial Capital Trust II announces intention to redeem Manulife Financial Capital Trust II Notes - Series 1

    C$ unless otherwise stated  TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Nov. 6, 2019 /CNW/ - Manulife Financial Capital Trust II (the "Trust"), a subsidiary of Manulife Financial Corporation, today ...

  • CNW Group

    Manulife announces intention to launch Normal Course Issuer Bid

    TORONTO, Nov. 6, 2019 /CNW/ - Manulife Financial Corporation ("Manulife") announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions ("OSFI") and the Toronto Stock Exchange ("TSX"), it intends to launch a Normal Course Issuer Bid ("NCIB") permitting the purchase for cancellation of up to 58 million of its common shares, representing approximately 3% of Manulife's issued and outstanding common shares. As at October 31, 2019, Manulife had 1,948,859,681 common shares issued and outstanding. Manulife believes that the purchase of Manulife common shares at recent market prices is an appropriate investment by Manulife since, in its view, recent market prices do not reflect the underlying value of Manulife's business.

  • CNW Group

    Manulife Financial Corporation Declares Preferred Share Dividends

    C$ unless otherwise stated TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Nov. 6, 2019 /CNW/ - Manulife Financial Corporation's Board of Directors today announced quarterly shareholders' dividends on the following ...

  • CNW Group

    Manulife Financial Corporation Declares Common Share Dividend

    TORONTO, Nov. 6, 2019 /CNW/ - Manulife Financial Corporation's Board of Directors today announced a quarterly shareholders' dividend of $0.25 per share on the common shares of Manulife Financial Corporation (the "Company"), payable on and after December 19, 2019 to shareholders of record at the close of business on November 19, 2019. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will issue common shares from treasury in connection with the reinvestment of dividends and optional cash purchases under these plans. The price of common shares purchased with reinvested dividends will be reduced by a two per cent (2%) discount from the market price, as determined pursuant to the applicable plan.

  • CNW Group

    Manulife reports 3Q19 net income of $0.7 billion and core earnings of $1.5 billion with solid growth in Asia

    C$ unless otherwise stated   TSX/NYSE/PSE: MFC   SEHK: 945 This earnings news release for Manulife Financial Corporation ("Manulife" or the "Company") should be read in conjunction ...

  • 2 Super Stocks to Buy in November
    The Motley Fool

    2 Super Stocks to Buy in November

    November will be a busy month on the TSX. Investors can consider Manulife Financial and Canadian Natural Resources Limited stocks as potential buys in November.

  • CNW Group

    Photo and Filming Opportunity: Manulife Displays Over 12,000 Canadian Flags to Remember Our Fallen Heroes

    TORONTO , Nov. 5, 2019 /CNW/ - Today, November 5 , the fifth annual ceremony honouring Canadian Armed Forces members who made the ultimate sacrifice will take place at Manulife's global headquarters in ...