TSE:MFC

Manulife Financial (MFC.TO)

61.73
+0.50 (0.82%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
1631 watching
0
Investor Insights
star iconAug 14, 2026, 12:00 am

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

Manulife Financial (MFC) has shown a solid performance in recent quarters, buoyed by its strong presence in Asia and effective wealth management strategies. However, there are concerns regarding its valuation, as it is perceived to be somewhat overbought, trading over 2x book value with limited earnings growth expected in the near future. Despite these concerns, many experts highlight its decent dividend yield and ongoing growth potential, particularly in its Asian markets. The recent implementation of a tax on MFC products for mainland Chinese residents adds a layer of uncertainty. Overall, the sentiment among analysts is cautiously optimistic, with a call for careful monitoring of market conditions and potential entry points for investment.

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Consensus
Cautious
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Valuation
Fair Value
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GWO
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.
TOP PICK
They have probably passed the bottom. They are now about a third Asia, which is growing quite quickly. They are at the end of 2012 target and balance sheet is way above what is regulated. Have enough capital to raise dividend but they will wait.
BUY
Very good way of playing both the stock market and interest rates. One of the few ways to make money if interest rates rise. Also a positive leverage to the stock market with their variable annuities.
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