Skip to Content

Manulife Financial Corp MFC

Morningstar Rating
$23.88 +0.14 (0.59%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Price vs Fair Value

MFC is trading at a 8% premium.
Price
$23.88
Fair Value
$61.30
Uncertainty
Medium
1-Star Price
$11.81
5-Star Price
$58.31
Economic Moat
Zfw
Capital Allocation
Sqyhphj

Bulls Say, Bears Say

Bulls

Manulife could achieve strong growth in Asia within the next few years, driving overall top-line growth and improving geographic diversification.

Bears

Manulife offers complex insurance products that expose it to underwriting, investment, capital market, and interest-rate risks. Also, a higher general account allocation to non-fixed-income assets can potentially be risky during an elongated economic slowdown.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if MFC is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$23.74
Day Range
$23.7024.10
52-Week Range
$17.0724.89
Bid/Ask
$23.80 / $24.25
Market Cap
$43.13 Bil
Volume/Avg
2.4 Mil / 3.4 Mil

Key Statistics

Price/Earnings (Normalized)
9.32
Price/Sales
1.40
Dividend Yield (Trailing)
4.67%
Dividend Yield (Forward)
3.63%
Total Yield
7.25%

Company Profile

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hancock brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
38,000

Competitors

Valuation

Metric
MFC
POW
GWO
Price/Earnings (Normalized)
9.329.4010.48
Price/Book Value
1.411.211.62
Price/Sales
1.400.711.55
Price/Cash Flow
35.374.765.41
Price/Earnings
MFC
POW
GWO

Financial Strength

Metric
MFC
POW
GWO
Quick Ratio
Current Ratio
Interest Coverage
5.155.138.48
Quick Ratio
No chart available

Profitability

Metric
MFC
POW
GWO
Return on Assets (Normalized)
0.78%0.44%0.47%
Return on Equity (Normalized)
16.60%14.49%13.76%
Return on Invested Capital (Normalized)
9.66%6.04%9.28%
Return on Assets
MFC
POW
GWO
See how this stock stacks up to its competitors with Morningstar Investor

Insurance - Life Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
PIAIF
Ping An Insurance (Group) Co. of China Ltd Class HWbkxt$97.9 Bil
PNGAY
Ping An Insurance (Group) Co. of China Ltd ADRXfz$97.9 Bil
CILJF
China Life Insurance Co Ltd Class HXzft$95.9 Bil
AAGIY
AIA Group Ltd ADRYdk$90.2 Bil
AAIGF
AIA Group LtdSpxkx$90.2 Bil
MET
MetLife IncVfhr$50.4 Bil
AFL
Aflac IncNvvsptb$46.4 Bil
PRU
Prudential Financial IncNdxxz$38.8 Bil
PUK
Prudential PLC ADRRzq$27.2 Bil

Sponsor Center