MFC.TO - Manulife Financial Corporation

Toronto - Toronto Delayed Price. Currency in CAD
24.64
-0.09 (-0.36%)
At close: 4:15PM EDT
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Previous Close24.73
Open24.60
Bid24.63 x 0
Ask24.64 x 0
Day's Range24.60 - 24.84
52 Week Range18.33 - 25.20
Volume4,820,448
Avg. Volume5,320,758
Market Cap51.845B
Beta (3Y Monthly)1.39
PE Ratio (TTM)10.58
EPS (TTM)2.33
Earnings DateMay 1, 2019
Forward Dividend & Yield1.00 (4.42%)
Ex-Dividend Date2019-02-26
1y Target Est28.38
  • CNW Group2 days ago

    Manulife to Release First Quarter Financial Results

    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 ...

  • CNW Group5 days ago

    Manulife Investments Reduces Management Fees on Three Mutual Funds

    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 (TSE:MFC): What's The Analyst Consensus Outlook?
    Simply Wall St.5 days ago

    Manulife Financial Corporation (TSE:MFC): What's The Analyst Consensus Outlook?

    Manulife Financial Corporation's (TSE:MFC) announced its latest earnings update in December 2018, which showed that the company gained from a major tailwin...

  • Will These Frustrating Stocks Soar in 2019?
    The Motley Fool8 days ago

    Will These Frustrating Stocks Soar in 2019?

    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?

  • Top 4 Stocks to Add to Your Portfolio This Spring
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  • Exclusive: Foreign insurers gear up to tap China's $1.6 trillion pensions business - sources
    Reuters8 days ago

    Exclusive: Foreign insurers gear up to tap China's $1.6 trillion pensions business - sources

    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.

  • CNBC10 days ago

    Bad debts may still be a headache for India's state banks, asset manager says

    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.

  • 3 Reasons to Buy and Forget Manulife Financial (TSX:MFC)
    The Motley Fool11 days ago

    3 Reasons to Buy and Forget Manulife Financial (TSX:MFC)

    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.

  • 2 Timely Dividend Buys for Your Passive-Income Fund
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  • This Cheap Canadian Dividend Aristocrat Is Breaking Out
    The Motley Fool13 days ago

    This Cheap Canadian Dividend Aristocrat Is Breaking Out

    Make some hefty profits and dividends from Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) now!

  • The Canadian Press16 days ago

    Most actively traded companies on the TSX

    Some of the most active companies traded Thursday on the Toronto Stock Exchange:

  • Tax-Free Income for Life: 3 “Forever Assets” to Lock Inside Your TFSA
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  • CNW Group22 days ago

    Manulife Investments Announces Change to Portfolio Management Team

    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 ...

  • TSX Sale! 4 Cheap Stocks to Ponder This Weekend
    The Motley Fool22 days ago

    TSX Sale! 4 Cheap Stocks to Ponder This Weekend

    Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) joins a list of desirable stocks on the TSX index, all of them potentially undervalued.

  • What Price Is Manulife Financial Corp. (TSX:MFC) Stock Worth?
    The Motley Fool25 days ago

    What Price Is Manulife Financial Corp. (TSX:MFC) Stock Worth?

    Is Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) going to skyrocket or flop further?

  • Should You Be Holding Manulife Financial Corporation (TSE:MFC)?
    Simply Wall St.25 days ago

    Should You Be Holding Manulife Financial Corporation (TSE:MFC)?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! As an investor, I look for investments which does notRead More...

  • CNW Group26 days ago

    Manulife Chief Investment Officer to Speak at National Bank Financial Annual Canadian Financial Services Conference

    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 ...

  • 2 Dividend Value Stocks to Buy Now
    The Motley Fool28 days ago

    2 Dividend Value Stocks to Buy Now

    Having trouble looking for value? Consider these two safe dividend-growth stocks, including Manulife Financial Corporation (TSX:MFC)(NYSE:MFC).

  • CNW Group29 days ago

    Manulife Investments Announces Portfolio Manager Changes to Two Funds

    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.

  • This Is Easily the Cheapest Dividend-Growth Stock on the TSX
    The Motley Foollast month

    This Is Easily the Cheapest Dividend-Growth Stock on the TSX

    The clouds are cleared for Manulife Financial Corporation (TSX:MFC)(NYSE:MFC), and it’s just starting to soar.

  • Manulife wins legal fight with hedge fund Mosten over insurance contracts
    The Canadian Presslast month

    Manulife wins legal fight with hedge fund Mosten over insurance contracts

    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

  • Reuterslast month

    Canadian court rules in favor of Manulife in dispute with Mosten Investment

    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.

  • Recession Investors: 4 Classically Safe Canadian Financials
    The Motley Foollast month

    Recession Investors: 4 Classically Safe Canadian Financials

    Investors looking to stay invested through a potential market downturn should turn to stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD).