TSE:MFC

Manulife Financial (MFC.TO)

62.10
+0.60 (0.98%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
1632 watching
0
HOLD
One difficulty is that they have to invest the premiums and if they don’t you get no return. They are now telling agents not to write anything because they can’t do anything with the money. There have been mistakes in the past that we won’t talk about. All you can do is wait and hope that you get a descent recovery later in the year.
COMMENT
(Market Call Minute.) Just bought some recently. Highly volatile. $12.50-$13 and he is gone.
COMMENT
If you have a 3-5 year timeframe and you are generally positive on equity markets, then this is probably a decent level. Stock is suffering from mistakes of the past. Decent yield at just over 4%.
DON'T BUY
(Market Call Minute.) Have avoided all of the insurance companies. Low interest rates and difficult market make it tough to be a life insurer.
TOP PICK
2 big problems for them have been the stock market and the level of interest rates. Doesn’t think there is any way that long term US bond rates are going any lower from here. You could easily see them earning $1.60 a year or two out. Dividend is 5%.
COMMENT
The problem/question with the lifecos is they have to set aside so much capital they are caught in the actuarial problem of the spread between the bond market and their payout schedules on the policies they have written. As long as the bond market stays down at his very low interest rates, it is very hard for these guys. There is probably a trade here, but for the longer pull there are better places with higher yields.
COMMENT
On the plus side, they are making tremendous penetration in Asia selling life insurance. Trading at less than Book Value per share. Probably oversold. All of the insurance companies have the problem that they are reinvesting insurance premiums at record low interest rates, which will continue for at least another 2 years. Life insurers make half their money by investing premiums in bond markets and paying out claims as they come in.
TOP PICK
This is a stock that no longer seems to get any respect, yet over the last 2 years, management have done a great deal to de-risk the company, hedge the exposure to interest rates and equity markets. Have also redesigned a lot of their product mix, which makes him less risky than a lot of their previous products. Continuing to expand on a global basis.
SELL
(Market Call Minute) Business model will not come back strong any time soon.
BUY ON WEAKNESS
Don’t consider selling it. Didn’t like the preferred issue recently. Pays a good dividend. A Company he is watching quite closely. Longer term MFC could do well, but he would like to see it cheaper.
SHORT
Right now it looks like a Short as it has broken through a support level.
HOLD
If the current rally continues, this company will more than fully participate. Wouldn't commit new money to it but would continue to hold it. Prefers the Canadian banks against the lifecos.
DON'T BUY
Doesn't like this stock. Earnings are going the wrong way.
DON'T BUY
As being a tough performer. Insurance companies are having a hard time. There are 2 things to look at. 1) Do they have growth in their product sales? This company has had some challenges. 2) How do they do on their equity portfolios? The equity market has been wildly volatile. He would steer clear of insurance companies.
SELL
In a RRIF account. Should he sell? They continued to guide lower on the reserves that they need to come up with. Very large business in China and India. Don't let registered stocks influence whether you sell or not.
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