TSE:MFC

Manulife Financial (MFC.TO)

54.00
+0.50 (0.93%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1636 watching
0
Investor Insights
star iconJun 5, 2026, 12:00 am

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

Manulife Financial (MFC) is viewed positively by several analysts, who note its solid growth in Asia and the wealth management sector. The company is seen as a stable and reliable option, with a decent dividend yield that appeals to income-focused investors. Analysts acknowledge that while MFC has experienced some recent challenges, especially in its U.S. operations and corrections after strong performances, it maintains a healthy growth outlook. Concerns about the overall market and macroeconomic factors have led to suggestions of caution, but many believe MFC's valuation is still attractive relative to its peers, particularly the banks. In the long term, it remains a compelling investment opportunity with the potential for growth, other factors such as credit risk being minimal.

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Consensus
Positive
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Valuation
Fair Value
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Similar
SLF
DON'T BUY
Has recovered this year. Issue is that it's hard in a low interest world. Most attractive things are Asian businesses and wealth management. His preference is to go with a pure play investment manager. Stock is cheap. Good yield of about 4-5%. But there isn't enough growth for him.
PAST TOP PICK
(A Top Pick Jul 26/18, Up 4%) Trading at 7.7x, extraordinarily cheap. Growing at 9%, with 10% annual dividend growth. Litigation overhang has passed. Still a good place. He's not letting the market bully him out of the stock.
PAST TOP PICK
(A Top Pick Jul 03/18, Up 6%) He is surprised the stock has not done better. They are looking to divest some of their US divisions, which he sees as having weighed the company down. The new CEO has been working hard and he expects to come up with some good strategies going forward.
COMMENT
Good earnings and profits in the last eight quarters and pays a good dividend, but the stock flatlines. Why? Its international growth beats any other Canadian lifeco, and their core earnings have been growing in past years. They deserve credit for that. The problem here are low/flat interest rates; lifecos benefit when rates rise.
TOP PICK
It trades at a good 10x earnings with fine growth ahead. They're particularly growing in Asia. They're serial dividend inceasers, currently paying 4.1%. (Analysts’ price target is $28.74)
TOP PICK
Pays a 4.2% dividend and trades at 1.1x book value, lower than other Canadian lifecos and MFC's own historic average. The new CEO is making steady progress in freeing up regulatory capital, accelerating growth in some segments, being more expense-efficient and pushing digial engagement with customers. (Analysts’ price target is $28.74)
TOP PICK
As cheap a financial as you can find. Nice yield. Earnings are actually rising. Problems with the hedge fund are in the past. Yield is 4.16%. (Analysts’ price target is $28.74)
PAST TOP PICK
(A Top Pick Jul 10/18, Up 5%) She still likes it. MFC Asia is doing a good job. It trades at a very attractive multiple. Earnings growth should pick up.
PAST TOP PICK
(A Top Pick May 24/19, Up 6%) The momentum is strong with good volume. It's been on an uptrend since late-2018. He would not sell it here.
BUY
It's done a nice job coming out of the Recession when their shares fell to $4, but the whole financial sector faces limited growth. However, their Asian division is a growth driver, and they are freeing up capital from their U.S. operations. The share price will grind higher and pays a decent dividend over 4%. His price target is the upper-$20's in 18 months or so.
BUY

They are growing the global operations nicely. He added to it recently. He also owns SLF-T. They are both great companies but he is adding more to MFC-T right now.

COMMENT

MFC-T is the country's biggest life insurance company. He owns Sunlife instead as he feels it is better managed.

WAIT
He almost bought during the recession -- it would have been a great buy then. He would wait on the common stock today. He likes the preferred shares as he likes the income they provide -- with a yield of 5% or more.
HOLD
Why is it flat despite impressive metrics? Yes, he's frustrated too. Why is it flat? MFC remains a show-me story. MFC needs to right the ship in annuities. True, Asia is their growth engine, but MFC needs a higher yield curve; rates are flat or lowering. So, this hurts all lifecos as well as banks. That said, MFC pays a good dividend and it's cheap, so he continues to hold it. Over time, investors will get rewarded, but until then, you will be rewarded by that dividend. MFC is pushing its investment service. Also, they will bring their asset management expertise in India in a new joint venture and this will let them pick up more assets to manage and develop into a new growth engine in the next 20 years.
WAIT
Do you see it reaching $30 in 12 months? A good question. This company does well with interest rates low. See if can break the neckline in the mid-$20s to see if it can get to $30.
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