TSE:MFC

Manulife Financial (MFC.TO)

61.08
+0.02 (0.03%)
as of Aug 13, 2026, 3:27:42 pm Market Open.
1631 watching
0
Investor Insights
star iconAug 13, 2026, 12:00 am

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

Manulife Financial (MFC) has recently reported strong quarterly results, demonstrating solid performance in its operations, particularly in Hong Kong and Asia. However, the imposition of taxes by the Chinese government on MFC's products for mainland residents has raised concerns among investors. The company's valuation remains a topic of discussion, with some experts suggesting that MFC may be overbought and perceiving the financial sector in Canada as a whole to be slightly overvalued. While many analysts see potential in MFC due to its strong dividend yields and growth prospects, especially in Asia and wealth management, caution is advised regarding market conditions and potential pullbacks. Analysts recommend further observation of market dynamics, suggesting advantageous entry points should significant price corrections occur.

consensus icon
Consensus
Cautious
valuation icon
Valuation
Fair Value
review icon
Similar
SLF-T
PAST TOP PICK
(A Top Pick Jan 30/20, Down 4%) They have been so desperate for a steepening yield curve. Stocks have already started to respond to this. Buying this with a dividend of 4%+ dividend yield. They are poised to rebound.
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)
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.
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.
premiumPremium content

Unlock this Panic-proof Portfolio opinion with Stockchase Premium

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)
Showing 271 to 285 of 2,284 entries