TSE:MFC

Manulife Financial (MFC.TO)

61.75
+0.25 (0.41%)
as of Sep 25, 2026, 2:08:16 pm Market Open.
1632 watching
0
HOLD
Strategy of the last president didn’t work. New management did a great job, but so what. People have to see the earnings. If the rest of the year is ok then the market may get more comfortable with the name. You have to be patient. He thinks the earnings are going to be there. Stick with it. You could start nibbling.
BUY ON WEAKNESS
Largest Canadian insurer. Hit because of high sensitivity to equity markets. With the value that is embedded in the insurance book and the growth potential in Asia, there is a lot of upside in the long-term. Well capitalized. You could Buy now or look for a 5%-10% further drop.
DON'T BUY
If he could pick a stock at the bottom of the market, this would probably be the one because it remains a levered play on the stock market. Has enormous exposure to index linked insurance annuities. If market craters you can look to this one getting really hit but when the market turns it should outperform.
COMMENT
Reported great 1st quarter earnings and announced it on the same day the market went down. There will probably be some resistance even when the market gets better and will struggle to get through $19. Likes their exposure to China. A long-term hold.
DON'T BUY
It turned down and looked like it would recover, but suddenly it fell below the 200-day moving average. If it breaks below $17 you are looking at a $10 stock.
DON'T BUY
Has been in the penalty box since they cut their dividend. Until they come out, he wouldn't be a buyer. There are others he prefers.
DON'T BUY
Was ready to buy back in when they cut the dividend. There is a lack of confidence in management in terms of are they going to do what they say are going to do. Very low yield. Prefers Power Financial (PWF-T).
DON'T BUY
Financial seasonality runs from mid-January until April 14. Not a big fan of this company. Still linked to the market and will probably do well when the market does well. Chart shows a bearish pattern with lower highs.
HOLD
Results have been disappointing over the last few quarters. Will be coming out with new results this week. In the doghouse at the moment. Earnings are hard to project.
HOLD
Doesn’t like it. He is an earnings guy. You want to see an increase in earnings. It’s a value investment. Right now they just don’t have the earnings but if you hold it long enough it will go up.
COMMENT
This one and Sun Life (SLF-T) have almost identical seasonality. Usually they reach a very important low right around the end of February and then take a very good move right through until the end of May. They then go flat for a time. Reporting earnings next week, which should be very good. Technically it has a base and is not moving much.
DON'T BUY
Expects a lot of visibility on their earnings coming up very shortly. Will probably take 2 or 3 quarters to get the confidence back. Avoiding this sector altogether at the moment.
TOP PICK
Insurance industry used to trade at a premium to the banking industry but is now at a discount. Has very strong franchise in Canada, US and internationally. Having capital is not a problem for them anymore.
BUY
CEO doing a reasonably good job. It was the previous CEO that was a problem. Core business is doing very well. If we see rising interest rates and a rising stock market, they will do reasonable well.
TOP PICK
Banks have had a run-up but lifecos have lagged this recent move. He expects the markets are going to recover.
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