TSE:MFC

Manulife Financial (MFC.TO)

57.19
+0.15 (0.26%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1634 watching
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Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

Manulife Financial (MFC) has received mixed reviews from experts, highlighting its strengths in capital management, particularly in Asia and wealth management. Several analysts view it as a reliable income stock, benefiting from a decent dividend yield, yet caution against its growth potential compared to Canadian banks. The company has faced short-term challenges, including mixed results from its alternative portfolio and limited growth in its U.S. operations, which has sparked some concerns. Analysts suggest waiting for opportunities to buy during pullbacks, given its valuation relative to major financials, alongside the potential for increased profitability stemming from rising interest rates. Overall, while MFC is generally recognized for its stability and improvements in earnings quality, it struggles to capture investor attention amidst recent market shifts.

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Consensus
Hold
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Valuation
Fair Value
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Similar
SLF-T
PAST TOP PICK
(A Top Pick June23/11. Down 31.26%.) Will be substantially higher in 3 years time and even higher in 5 years.
DON'T BUY
He has not been in the insurance area for a while.
DON'T BUY
It has to do with what they do with their unearned premiums. They have to invest it. They will pay a percentage out in claims. Normally this goes into bonds but they are not low. They can’t earn a reasonable return in safety on those unearned premiums. Until it turns around it will be the case for all the shareholders. Has not been able to get rid of it on a significant bounce.
DON'T BUY
Basically geared towards equity markets which he feels is going nowhere. It even has more leverage to interest rates, which doesn't look like they are going anywhere.
TOP PICK
(A Top Pick May 17/11. Down 20.13%.) Have revamped their product mix over the last several years to a much more profitable line. With interest rates more likely to go up in the next few years, rather than down, insurance companies will be a benefactor. Also feels investors are undervaluing their US operations.
COMMENT
B series 6.7% maturing Dec 31/51. One of the old-style capital securities and 2051 would be when the whole capital trust would wrap up normally. If they do not call it, you have the right to convert these bonds into preferred shares with a dividend well above what this company would provide in the market today. That would be a great trade in of it self. You could then convert those preferreds back into common stock at a discount to the market. They won't let this happen so they will Call this bond and a notice will be out sometime in May.
SELL
(Market Call Minute.) Doesn't like the life insurance industry. If he is right about bond yields staying low, you don't want to own in this industry.
COMMENT
Performance will have much to do with where yields and interest rates are going over time as well as where stock markets are going. If you believe that equities and markets will continue to move up and interest rates will move up, it will be a positive performer
COMMENT
On his watch list. If he thought the market was going to go to blazes, he would be more interested. If the market had a severe set back and this company got much cheaper, he might get very interested in it. In the case of a rebound, the stocks should follow and may very well lead.
SELL
You have to worry about the equity and bond markets. Bond yields falling off crushed them over the last few years. You will need interest rates to go up before MFC can go up and the equity market at least needs to stay flat. He would suggest taking at least half off the table if you got in at the bottom.
BUY
Holding it. Thinks stock markets will be recovering and interest rates will be going up. Dividend is safe; They are expanding their business globally so it is a good long-term hold.
DON'T BUY
MFC is his least favourite. Prefers Great West and Sun Life. New management is not tested. Probably the most volatile of the three.
COMMENT
10-year bonds went up from 2 to 2.3 but he thinks it was short covering today that drove the price up so much. He has SLF.
HOLD
He is not sure what to do with it. Prefers to GWL as it has more torque as markets improve. They will get to release all these reserves they have taken if the markets go up.
BUY
(Market Call Minute) It is the right place to be long term,
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