|Bid||21.47 x 0|
|Ask||21.49 x 0|
|Day's Range||21.45 - 21.73|
|52 Week Range||18.33 - 25.20|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||9.21|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||1.00 (4.67%)|
|1y Target Est||28.01|
TORONTO — The chief executive of Manulife Financial Corp. says the insurer is "highly confident" it will prevail in its legal battle with hedge fund Mosten Investment LP over insurance contracts.Roy Gori told a conference call discussing its latest quarterly results today that he's not sure when a decision will be rendered in the case brought against Manulife's life insurance subsidiary, but the company is "prepared to see this through."The trial involving one of Manulife's insurance contracts purchased by Mosten wrapped up last year.Mosten has argued that under the terms of the universal life insurance policy, it can deposit an unlimited amount of money and receive an annualized guaranteed return of at least four per cent with one-month liquidity.Prominent short-seller Muddy Waters has said if the court sides with Mosten, the hedge fund could sell an unlimited amount of partnership interests backed by Manulife and "financially cripple" the insurer.Manulife has argued that issuers of universal life policies never intended to have them function as deposit or securities contracts, and it disagrees with the short-seller's conclusions. Companies in this story: (TSX:MFC) The Canadian Press
Manulife Financial Corp's chief executive said on Thursday the company was "highly confident" of winning a case brought against it by hedge fund Mosten Investment LP, which says it has the right to put unlimited funds into universal life policies. The latest hearing in the case, which an expert witness for Manulife warned could be financially damaging for the company if the verdict goes against it, is taking place this week in the province of Saskatchewan. In the case, brought by Mosten two years ago, the hedge fund claimed the right to put unlimited funds into an old Manulife policy known as universal life insurance, which is attached to a side account that pays out at least 4 percent a year on excess funds.
Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) has developed an image of a wealth builder. Investors can start building wealth at the current cheap price.
Two of Canada's biggest insurers, Manulife Financial Corp and Sun Life Financial, on Wednesday reported higher fourth-quarter earnings, helped by growth in Asian markets. Canadian insurance companies have ...
Manulife Financial Corp. posted record earnings last year as it swung to a $593-million profit in the fourth quarter. The Toronto-based insurer says it earned $4.8 billion in net income attributable to shareholders in 2018, up from $2.7 billion in 2017 when it took a $2.8-billion charge related to U.S. tax reform and faced hurricane-relate charges. In the fourth quarter, it earned 28 cents per diluted share for the period ended Dec. 31, compared with a loss of 83 cents per share or $1.6 billion a year earlier.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 13, 2019 /CNW/ - Manulife Financial Corporation has filed its 2018 audited annual financial statements ...
TORONTO, Feb. 13, 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 amend its existing Normal Course Issuer Bid ("NCIB") to increase the number of common shares that it may repurchase for cancellation from 40 million common shares (approximately 2% of shares outstanding) to 99 million common shares (approximately 5% of shares outstanding). To date, Manulife has completed the repurchase for cancellation of 30,586,449 common shares since the commencement of its current normal course issuer bid.
Canada's biggest insurer, Manulife Financial Corp, on Wednesday reported a 9 percent increase in fourth quarter earnings, just shy of market forecasts, helped by strong growth in Asia. Manulife reported ...
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Feb. 13, 2019 /CNW/ - Manulife Financial Corporation's Board of Directors today announced quarterly shareholders' dividends on the following ...
TORONTO, Feb. 13, 2019 /CNW/ - Manulife Financial Corporation's Board of Directors today announced a quarterly shareholders' dividend of $0.25 per share on the common shares of Manulife Financial Corporation (the "Company"), payable on and after March 19, 2019 to shareholders of record at the close of business on February 27, 2019. In respect of the Company's March 19, 2019 common share dividend payment date, the Company will issue common shares from treasury in connection with the reinvestment of dividends and optional cash purchases pursuant to the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan.
C$ 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 with ...
Badger Daylighting Ltd. (TSX:BAD) and two other great Canadian stocks vie for a place in the casual investor’s portfolio.
Hiring jumped by the most in almost a year, topping all forecasts in a Bloomberg survey of economists, albeit after a downward revision to the prior month, a Labor Department report showed Friday. “The trend looks very favorable in terms of momentum of job growth,” said JPMorgan Chase & Co. chief U.S. economist Michael Feroli. Companies are adding workers and boosting pay to help bolster consumer spending and the economy, which is already roughly at the central bank’s goal of full employment.
OTTAWA/TORONTO, Jan 31 (Reuters) - Canada's Liberal government will propose a limited expansion to the country's universal healthcare system in the spring budget to cover part of the cost of prescription drugs, two sources with direct knowledge of the matter told Reuters. The modest broadening of the healthcare program is set to become one of Prime Minister Justin Trudeau's key campaign promises ahead of the October election, which is shaping up to be a close fight. The government would not commit to meeting 100 percent of the cost of prescription drugs for those who have no insurance through their workplace, the sources said.
I wouldn't touch Magna International Inc. (TSX:MG)(NYSE:MGA) and one other stock with a barge pole given the 2019 slowdown.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Jan. 30, 2019 /CNW/ - Manulife Financial Corporation will release its fourth quarter and year end 2018 financial results following the ...
ADCB offered 0.5966 share for every UNB share, according to a statement. The combined entity will buy privately-held Al Hilal Bank for about 1 billion dirhams ($272 million) by issuing a mandatory convertible note. The merger "makes a lot of strategic sense," said Richard Segal, a senior analyst at Manulife Asset Management in London.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Jan. 25, 2019 /CNW/ - Manulife Investments today announced its anticipated monthly cash distribution for 2019 for Manulife Floating ...
Results of the Review of S&P/TSX Canadian Dividend Aristocrats Index TORONTO , Jan. 24, 2019 /CNW/ - S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of ...
Eurobonds rallied by the most since September. Lebanon’s struggling economy needs a cash infusion to reassure bond holders still reeling from mixed remarks by officials about the possibility of debt restructuring this month. Finance Minister Ali Hasan Khalil roiled bond markets when he told a newspaper the country may restructure its debt as part of a plan to repair public finances battered by sluggish economic growth, a political impasse that has left it without a functioning government for months and the war in neighboring Syria.
Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) is super cheap. Buy it and another discounted stock for income and price appreciation.
Investors looking to diversify their portfolio with an income and growth-providing investment should strongly consider investing in Manulife Financial Corp. (TSX:MFC)(NYSE:MFC)
Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) and other Canadian companies that rely on Chinese growth may be impeded by worsening relations between Canada and China going forward.