TSE:MFC

Manulife Financial (MFC.TO)

61.50
-0.03 (0.05%)
as of Sep 24, 2026, 8:00:00 pm Market Open.
1632 watching
0
HOLD
Basically this has become a call on the general market and really doesn't have much to do with insurance at this time. Wouldn't Buy but would continue to Hold. 4.8% yield.
BUY ON WEAKNESS
Has been over discounted. Very levered to equity markets. Have had a pretty large mark to market and thinks they will take a fair bit of that and set it aside for reserves. On poor days you can probably buy below $20. (See Top Picks.)
BUY
If you like the stock market and are convinced that we are okay, this is a good time to buy. Has a reasonable yield. The negative on the stock is their production of derivatives and can the balance sheet hold if a low probability happens.
COMMENT
6.7% bond maturing in 2012. Big fan of this company. The bond is good but you might do better going into their preferred shares, either the street preferreds or the reset one's.
BUY
World-class company. Anything below $20 is well worth buying.
PAST TOP PICK
(A Top Pick June 26/08. Down 37.99%.) Bought more when it got below $10. Has been more vulnerable to market changes than most insurance companies. One of the better managed companies.
DON'T BUY
Big dramatic gap yesterday was not good. Also financials are pulling back. Thinks $17 would be a low end, which might not be a bad buying point.
DON'T BUY
Still some hurdles to come. She is looking at this very closely in terms of their exposure to the equity market.
COMMENT
Will go the way of the market. Primary driver in some of the write-ups is that they had to take huge reserves and raise a lot of capital to fund the reserves on the unhedged portion of their segregated insurance policies.
DON'T BUY
Was considered the premier life insurance company in North America with best assets and great growth in the Far East as well as best management. Had a disproportionate amount of business in the segregated funds in Canada and on hedged variated annuities in the US. When the market fell apart, he sold his positions.
BUY
(Market Call Minute.) Probably fair value now but you'll make a lot more money in the next few years.
TOP PICK
4.896% bonds maturing 6/2/14. Short-term and rated AA. Company has good exposure in Asia as well.
BUY ON WEAKNESS
Been volatile and will continue to be so given their exposure to guaranteed variable annuities. A lot depends on the equity market. In the short term, the market is slightly overbought so there is a small downside risk. Would buy in the mid to high teens. Prefers Industrial Alliance (IAG-T) or Great West Life (GWO-T).
BUY ON WEAKNESS
Sold a portion of his holdings but is hoping to buy it back under $20. Have great growth on their global franchise. Pays a good yield.
PARTIAL SELL
At this juncture, it is pretty much a call on the market. Because of those variable annuities they wrote they still have a very substantial exposure if the market were to set back badly. If you own, consider bleeding it out and buying back in on a market setback.
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