|Bid||24.63 x 0|
|Ask||24.64 x 0|
|Day's Range||24.60 - 24.84|
|52 Week Range||18.33 - 25.20|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||10.58|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||1.00 (4.42%)|
|1y Target Est||28.38|
TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO , April 18, 2019 /CNW/ - Manulife Financial Corporation will release its first quarter results following the market close on the evening ...
TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO , April 15, 2019 /CNW/ - Manulife Investments today announced that it will make the following management fee changes which will be ...
Manulife Financial Corporation's (TSE:MFC) announced its latest earnings update in December 2018, which showed that the company gained from a major tailwin...
Insurers like Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) have started to show some promise, but their share prices have been stagnant. Will they soar in 2019?
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Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China's private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies. Hong Kong-based AIA Group and Manulife Financial are also considering similar moves, they said. Beijing gave approval to the first foreign joint-venture firm to establish a pensions insurance business last month and two of the people said China has been running pilot projects in three provinces involving foreign firms.
The outlook for most of India's state lenders remain "quite weak" despite extensive reforms in the banking sector, according to Manulife Asset Management's Rana Gupta. While it is predicted that Indian public sector banks' corporate asset quality will improve from here on, the sheer volume of bad assets that they own puts a dampener on their future, he said. Banks are a key source of funding for Indian companies and public sector financial institutions control about 70 percent of all banking assets in India and they have had the highest exposure to bad loans.
Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) has long been regarded as a viable long-term investment option, but few investors may realize just how attractive the company is currently.
This trio of large-cap stocks, including Canadian National Railway (TSX:CNI)(NYSECNR), can provide the peace your portfolio needs.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , March 29, 2019 /CNW/ - Manulife Investments today announced changes to the Manulife Asset Management Value Equity Team. The changes are ...
Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) joins a list of desirable stocks on the TSX index, all of them potentially undervalued.
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C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , March 25, 2019 /CNW/ - Scott Hartz , Chief Investment Officer of Manulife, will speak at the National Bank Financial Annual Canadian ...
Having trouble looking for value? Consider these two safe dividend-growth stocks, including Manulife Financial Corporation (TSX:MFC)(NYSE:MFC).
TORONTO, March 22, 2019 /CNW/ - Manulife Investments announced today the following changes to Manulife Global Infrastructure Fund and Manulife Global Infrastructure Class (the "Funds"). Craig Noble has been promoted to CEO, Alternative Investments at Brookfield Asset Management ("Brookfield") and will step down as portfolio manager of the Funds prior to the end of the third quarter. Effective immediately, Tom Miller has been promoted as co-portfolio manager of the Funds.
TORONTO — Manulife Financial Corp. has won its legal fight in a Saskatchewan court with hedge fund Mosten Investment LP, which had argued that its universal life insurance policy with the Canadian insurer allowed for unlimited deposits and a guaranteed return.Prominent short-seller Muddy Waters had warned last fall that if the judge ruled in favour of Mosten, the hedge fund would have been able to sell an unlimited amount of partnership interests backed by Manulife and "financially cripple" the insurer.Saskatchewan Court of Queen's Bench Judge B.J. Scherman concluded in his decision released last week that "the policy does not provide for unlimited stand-alone investment opportunities within the carrier fund."Manulife said on Monday that it was "pleased with the ruling.""This is consistent with our position that this case was legally unfounded and commercially absurd, and that consumers purchasing universal life policies, and the insurers issuing these policies, never intended to have the policies function as deposit or securities contracts," the insurer said in a statement.Shares of Manulife closed up approximately three per cent in Toronto to $23.31 on Monday.In October 2018, Muddy Waters' head of research Carson Block took aim at Manulife in a report warning that the impending ruling in the Mosten case had the potential to "significantly damage" the insurer. In the report announcing its short position in the company, Block warned that a ruling in Mosten's favour could lead to "billions of dollars of losses."Short-selling is a trading technique that can produce a profit if a stock's market value falls below a predetermined price.Mosten had argued in court that under the terms of the universal life insurance policy with Manulife's life insurance subsidiary, it could deposit an unlimited amount of money and receive an annualized guaranteed return of at least four per cent with one-month liquidity.Manulife had argued that this is counter to the purpose of life insurance and associated regulation.Industrial Alliance Insurance and Financial Services Inc., also known as iA Financial Group, and BMO Life insurance also faced litigation involving similar claims.iA Financial Group said Monday that the Saskatchewan court "dismissed, in its entirety, the application commenced by Ituna Investment LP" against it.The hedge fund was seeking to make unlimited deposits into a universal life insurance contract that it purchased from a policyholder, iA Financial Group added in its statement, but the judge "found that Ituna’s position was inconsistent with the language and the purpose of the contract."iA Financial Group also said it was "analyzing the full details of the decision" and will provide further comments if necessary.A BMO spokeswoman said the bank was "pleased with the Court's decision confirming our position on the use of universal life insurance policies" but it has no further comment at this point.Shares of the Quebec-based insurer closed up nearly two per cent to $51.42 on the Toronto Stock Exchange while shares of BMO closed up less than a per cent at $104.11.The Canadian Life and Health Insurance Association said Monday it had intervened in the cases against Manulife, iA and BMO and the association "welcomed" the Saskatchewan court ruling."This important ruling unequivocally supports what insurers, their customers and regulators already know to be true: the purpose of an insurance policy is to protect the lives of the insured and their families," said CLHIA president and chief executive Stephen Frank in a statement."Insurance policies are not intended to offer an unlimited investment opportunity completely unrelated to insurance coverage." Companies in this story: (TSX:MFC, TSX:IAG, TSX: BMO) Armina Ligaya, The Canadian Press
The court's decision comes after it had reserved its decision last month on whether claims made by the hedge fund against the insurer should be dismissed following the change of rules. Last year, Saskatchewan said it would limit the amount of money investors could put into universal life insurance policies. Manulife had said it believed the new regulations will more quickly resolve the case in its favor.
Investors looking to stay invested through a potential market downturn should turn to stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD).