
TSE:MFC
This summary was created by AI, based on 28 opinions in the last 12 months.
Manulife Financial (MFC) has garnered mixed opinions from market experts. Many analysts recognize MFC's potential, particularly highlighting its growth in Asia and successful capital generation from legacy businesses. The consensus seems to indicate a solid long-term investment due to its steady dividend yield, with several experts suggesting that patience may be required as the stock navigates short-term fluctuations. Despite some concerns about past performance and market positioning against competitors, the company's strategy and management is viewed positively. Analysts mention the current valuation as reasonable compared to peers, suggesting MFC is a better option for income rather than growth. Overall, there is a cautious optimism about MFC's capabilities and future direction.
Fundamentals are strong, but not reflected in the stock price MFC chooses to invest most of its cash to growing its Asian business. He sold his holdings around the 2008 crash and bought SunLife instead, because they were too risky among the insurers, then MFC de-risked too much after the 2008-9 recession. If interest rates rise, he'd rather be in SunLife or Great-west Life. MFC volumes are high, because it is the biggest lifeco in Canada. He prefers SunLife.