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
DON'T BUY
Having a great day today because the markets are up a lot but unfortunately this has become a pretty high beta stock. Believes we will continue to see downside pressure on yields in the US, which is not good for this company.
PAST TOP PICK
(A Top Pick June 30/10. Up 6.86%.) Still likes. Less sensitive to changes in the capital markets. Likes what management is doing.
COMMENT
If yields rise, this company will benefit. Have been hedging but is only on a small percentage of the overall portfolio. Key growth area for them is Asia. Watching this as it is a bellwether.
BUY
Their troubles with the non-hedged exposure to the stock market are largely behind it. There is tremendous growth potential, particularly in Asia. Have a good wealth management business. Quite cheap.
BUY
Continuation of the bond market rally in the short term and pressure in the equity market hurts them but if you can stand the volatility in the short term, they are way better hedged now. Could easily double in the next 3 to 4 years. One of the best growth profiles of any North American financial.
DON'T BUY
Increasing hedging to reduce quarterly earnings fluctuations in the equity market and is the reason for the volatility. Owns their fixed income instruments instead, which are safer. Globally, insurers are quite cheap now because of investors concerns on real estate holdings. Would prefer Power Financial (PWF-T), which owns Great West Life (GWO-T).
BUY
Likes it and likes the Asian growth side. They are going to raise the dividend at some stage, perhaps latter half of 2012.
TOP PICK
4.079% Aug 20, 2014 bonds. 3.5% yield currently. Senior debt. Short compared to others.
DON'T BUY
Life insurance companies are supposed to be defensive but this one missed the boat entirely. They then took the hedges off at the bottom of the market. Not going to go down anywhere, it’s just kind of dead.
BUY
Last correction was a higher low so he thinks it goes up. In a nice congestive period currently.
HOLD
Struggled over last couple of years but are getting act together recently. With hedging program in place they are little less prone to ups and down in the market. Bought more recently. Good valuation. Nothing is going happen here soon. In 3-5 years they will turn things around. Growth is in China.
TOP PICK
Pretty much carrying out the plan that Don Guloien laid out for them a couple of years ago. Have de-risked. Last quarter was good. Over time they will get back to the 12%-14% ROE.
PAST TOP PICK
Manulife down since May 28 2010(recommended at $17.58 now at $17.16, Total return 0.91% increase), earnings were solid until last quarter, this is a work through story which will probably take a year or two to play itself out.He thinks it will be worth more but not sure when.
BUY
Market gave it a very high multiple when it was doing crazy things and now everyone hates it when it is doing all the right things. Very cheap multiple and are solving a lot of their issues. Have some really great growth aspects, not only in the US but also in Asia where they are dedicating more capital.
BUY
Just reported and beat their earnings by a large margin. Should continue to do well.
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