TSE:MFC

Manulife Financial (MFC.TO)

60.02
-0.65 (1.07%)
as of Jul 23, 2026, 1:59:53 pm Market Open.
1632 watching
0
Investor Insights
star iconJul 22, 2026, 12:00 am

This summary was created by AI, based on 27 opinions in the last 12 months.

Manulife Financial (MFC) has garnered a mostly positive outlook among various experts, highlighting its competitive positioning within the Canadian financial sector, particularly in comparison to major banks like TD and SLF. Analysts note MFC's ongoing strength in wealth management and healthy growth prospects in Asia, although there are concerns regarding its current valuation, as it trades over 2x book value and exhibits only moderate earnings growth. Despite being classified as slightly overbought, its charts remain healthy, with many recommending caution yet seeing potential for growth in the long run. The company's strong dividend yield and management strategies, particularly in alternative investments, also contribute to a favorable long-term investment story, although short-term volatility may present opportunities for those willing to enter at lower price points.

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Consensus
Positive
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Valuation
Fair Value
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Similar
SLF,SLF
BUY ON WEAKNESS
There will be tremendous volatility with rallies when the yield curve steepens and then being hammered when the curve flattens. You must be disciplined for lifecos. Interest rates will not go up and normalize in a 5-year timeframe. Buy the dips but do not buy in strength.
BUY

MFC vs. GWO Likes Great West in his portfolio because of its strong yield of about 4.76%. MFC dividend is 4.63%. Both have performed well since March 2020. Quite similar. MFC provides more foreign exposure, especially Asia. Insurers are doing well now, and benefit from steepening yield curves.

PAST TOP PICK
(A Top Pick Jan 07/20, Down 6%) COVID-19 had as much to do with the decline as anything, he suspects. The earnings projections from a year ago have hardly budged, so the intrinsic value has held up nicely. If interest rates moved higher in the next year, the banks and other financials will get help in their profitability.
TOP PICK
See his Past Top Picks. The stock is cheap and is close to breaking out technically. (Analysts’ price target is $24.37)
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It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
MFC is a frustrating stock for many. Time and again, it threatens to breakout at $27, but then something happens. Low interest rates don't help lifecos, but their business in Asia is growing, as Asian economies have recovered. Financials as a whole, are forecast to do better in 2021 as economies revive, but the street sees only a modest rise for MFC in the next 12 months, so a return to $27 may have to wait to 2022 when the world enjoy a complete recovery. At least you're paid a 5% dividend to wait. That dividend could grow in 2021, but investors may find higher growth in a Canadian bank.
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It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
MFC is a frustrating stock for many. Time and again, it threatens to breakout at $27, but then something happens. Low interest rates don't help lifecos, but their business in Asia is growing, as Asian economies have recovered. Financials as a whole, are forecast to do better in 2021 as economies revive, but the street sees only a modest rise for MFC in the next 12 months, so a return to $27 may have to wait to 2022 when the world enjoy a complete recovery. At least you're paid a 5% dividend to wait. That dividend could grow in 2021, but investors may find higher growth in a Canadian bank.
premiumPremium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
MFC is a frustrating stock for many. Time and again, it threatens to breakout at $27, but then something happens. Low interest rates don't help lifecos, but their business in Asia is growing, as Asian economies have recovered. Financials as a whole, are forecast to do better in 2021 as economies revive, but the street sees only a modest rise for MFC in the next 12 months, so a return to $27 may have to wait to 2022 when the world enjoy a complete recovery. At least you're paid a 5% dividend to wait. That dividend could grow in 2021, but investors may find higher growth in a Canadian bank.
premiumPremium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
MFC is a frustrating stock for many. Time and again, it threatens to breakout at $27, but then something happens. Low interest rates don't help lifecos, but their business in Asia is growing, as Asian economies have recovered. Financials as a whole, are forecast to do better in 2021 as economies revive, but the street sees only a modest rise for MFC in the next 12 months, so a return to $27 may have to wait to 2022 when the world enjoy a complete recovery. At least you're paid a 5% dividend to wait. That dividend could grow in 2021, but investors may find higher growth in a Canadian bank.
BUY
The whole sector will benefit huge if interest rates and the yield curve rise. If so, MFC could outperform the sector. Financials have lagged, but will do very well in the future. Good growth from Asia for MFC. He expects dividend increases. The valuation is lower than peers now.
WAIT
Not just that interest rates are low, long-term assets CAP rate has come down. All the lifecos are having trouble getting a return on investments. Tremendous bargains with low multiples and less than book value, but maybe not quite yet.
BUY

Financials as a group will have a tailwind. This one's attractive. Worthwhile place to look. He'd be a buyer of Sun Life, which he owns.

TOP PICK
Cheap relative to Canadian peers and to its own historic levels. Growing. Well diversified geographically. Asia is a good growth engine for them. ROE is 11%, and there are structural tailwinds to this. Yield is 5.04%. (Analysts’ price target is $24.27)
DON'T BUY
In the "too hard" to understand pile, as there's so much going on. Stock's gone nowhere, except for the dividend. He doesn't want to own a stock just for the dividend. Banks have more tailwinds. OK as a dividend earner.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly MFC is a financial and wealth services provider that pays a strong dividend backed by a payout ratio of 56%. It trades only 8x current earnings and trades at under book-value (87%) -- good value here. We would trade this with a $17 stop-loss looking to achieve $26 -- over 20% upside. Yield 5.17% (Analysts’ price target is $25.18)
PAST TOP PICK
(A Top Pick Dec 04/19, Down 10%) All financials got hammered in Covid meltdown. Earnings and FMV held in as the stock price collapsed. Now seeing a strong recovery and should go quite a bit further.
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