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Manulife Financial (MFC-T)
1390 watching
TSE:MFC
26.15
0.39
(1.47%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
BUY
Financials do well now into mid-April. MFC could be a good long-term hold. MFC is performing well now and could return to $28. If it break above $28, MFC could do very well.
insurance
$25.740
Unknown
WATCH
Why doesn't it trade higher? Over the last year, an investor would rather hold a bank that had never cut its dividend, instead of MFC, which has cut in the past. So MFC won't see the same multiple in uncertain economic times such as now. Going forward, lots of promise. In Asia, a big growth area. Won't have same bank issues with net interest margin or bad debt. Should do well on the other side of a recession. Valuation fairly good, dividend not likely to be cut anytime soon. He's looking at it.
insurance
PAST TOP PICK
(A Top Pick Jan 12/22, Up 4%) Very good cashflow dividend of 5.2% today. Trades below book value, .95 price to book. Outpacing TSX since last May, a good technical sign. Remains a top 3 pan-Asian life insurer. Growth of middle class long term a definite positive. Looser China Covid rules will spur sales. Keep holding.
insurance
TOP PICK
Trading at less than its book value, it is very inexpensive. Investors are worried about how insurance companies will do next year under the new accounting regime standards, which will greatly affect the way they book profits and new business. But MFC won't change the way they manage their reserve requirements. This an accounting change, not necessarily a real world change. There is a lot of legacy business left over and this has helped to cause MFC to lag. If this is taken out of the long term care business, as well as low ROE business in the U.S., the stock should start to go up. Buy 7 Hold 8 Sell 1 (Analysts’ price target is $26.21)
insurance
BUY
Below NAV. With bond yields recovering, lifecos are finally back in the sweet spot of making money on investments. Spreads on unearned premiums are going to increase, so analysts should redo their models. China is opaque, mysterious, and that makes him nervous. Compelling buy at these prices.
insurance
BUY
Dividend play with its 5.5% yield. Most exposure to Asia among peers, a drag the last year. Asia and China are opening up, starting to be a tailwind again. Likes it at current levels.
insurance
DON'T BUY
Seemingly a great business, but look at how good it is at reinvesting into the business over the long term. Unable to show they can deliver sustainable higher ROE. Nice dividend, safe. He prefers more growth, such as TSU or IFC.
insurance
HOLD
Really likes it for the dividend of 5.56%. Safe dividend. Below book value at 0.9x. Starting to break out a bit. Be patient. As the macro improves in 2023-24, shares in the insurance market should improve also.
insurance
BUY
Lifecos are entering reporting season. Investors will look to see how Asian sales impacted in recent environment. Extremely well-financed. Dividend certainly secure, likely to grow. He'd recommend today as a good, long-term hold.
insurance
BUY
MFC vs. SLF vs. TD All financials got beaten up. Issue with banks is potential loan losses, and if it's a deep recession, loan losses can get bigger. A lot of financials can be a black box, and you don't see the damage until it's too late. Impressed by what MFC has done over time, nice dividend yield. All financials are starting to look interesting. Banks look attractive valuation-wise, but he'd wait.
insurance
BUY
Likes company with strong dividend (expecting rise in the future).
Past troubles of the business has led to conservative balance sheet.
High interest rates good for insurance companies.
Competition from bond yields impacting value of shares.
insurance
BUY
His favourite lifeco is GWO. MFC is well run, but has a different regional focus, China, higher-grown and emerging. Valuation trades near book value and pays around a 6% dividend. There's tremendous value in lifecos. MFC ticks all the boxes.
insurance
DON'T BUY
It always trades in the same range. What kind of value is being created? Can't seem to deploy excess capital efficiently. See his Top Picks. Don't be seduced by the dividend.
insurance
DON'T BUY
It's been stuck in the doldrums for 5-6 years. It doesn't grow like the banks. Currency meltdowns hurt MFC's big Asian division.
insurance
DON'T BUY
Hard to own insurance, as there are so many moving parts. Insurance arm in Asia starting to slow down. Cheap valuation. Unclear what motivation is to move higher. Not a fan, or of any insurance. Benefit of rising rates offset by poor equity markets.
insurance
Manulife Financial(MFC-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 33
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 13
Total Signals / Votes : 52
Manulife Financial(MFC-T) Frequently Asked Questions
What is Manulife Financial stock symbol?
Manulife Financial is a Canadian stock, trading under the symbol MFC-T on the Toronto Stock Exchange (MFC-CT). It is usually referred to as TSX:MFC or MFC-T
Is Manulife Financial a buy or a sell?
In the last year, 52 stock analysts published opinions about MFC-T. 33 analysts recommended to BUY the stock. 13 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Manulife Financial.
Is Manulife Financial a good investment or a top pick?
Manulife Financial was recommended as a Top Pick by on . Read the latest stock experts ratings for Manulife Financial.
Why is Manulife Financial stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Manulife Financial worth watching?
52 stock analysts on Stockchase covered Manulife Financial In the last year. It is a trending stock that is worth watching.
What is Manulife Financial stock price?
On 2023-01-27, Manulife Financial (MFC-T) stock closed at a price of $26.15.
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