Symbols / MFC Stock $38.17 -1.09% Manulife Financial Corporation

Financial Services • Insurance - Life • Canada • NYQ
MFC (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Life
CEO Mr. Philip James Witherington CPA
Exch · Country NYQ · Canada
Market Cap 63.83B
Enterprise Value 61.30B
Income 5.25B
Sales 30.98B
FCF (ttm) 20.80B
Book/sh 21.08
Cash/sh 19.15
Employees 37,000
Insider 10d
IPO Sep 24, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 57.33%
P/E 17.04
Forward P/E 10.50
PEG 0.78
P/S 2.06
P/B 1.81
P/C
EV/EBITDA 6.60
EV/Sales 1.98
Quick Ratio 1.55
Current Ratio 4.74
Debt/Eq 48.35
LT Debt/Eq
EPS (ttm) 2.24
EPS next Y 3.64
EPS Growth -6.10%
Revenue Growth -34.90%
EPS Gr Q/Q -7.30%
Rev Gr Q/Q
Earnings (next) 2026-05-13
Earnings (prior) 2026-02-11
ROA 0.54%
ROE 11.49%
ROIC
Gross Margin 49.30%
Oper. Margin 133.47%
Profit Margin 18.67%
Shs Outstand 1.67B
Shs Float 1.67B
Insider Own 0.02%
Instit Own 55.08%
Short Float
Short Ratio 2.26
Short Interest 4.54M
52W High 39.22
vs 52W High -2.68%
52W Low 29.70
vs 52W Low 28.52%
Beta 0.73
Impl. Vol. 30.42%
Rel Volume 0.63
Avg Volume 2.55M
Volume 1.61M
Target (mean) $34.75
Tgt Median $34.75
Tgt Low $31.44
Tgt High $38.06
# Analysts 2
Recom Buy
Prev Close $38.59
Price $38.17
Change -1.09%
About

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in the insurance agency, broker dealer, investment counseling, portfolio and mutual fund management, property and casualty insurance, and fund and investment management businesses. In addition, it provides integrated banking products and services, as well as offers asset management services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$38.17
Low
$31.44
High
$38.06
Mean
$34.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-14 main RBC Capital Outperform → Outperform $52
2025-08-08 main RBC Capital Outperform → Outperform $49
2025-02-21 main RBC Capital Outperform → Outperform $51
2024-06-28 main TD Securities Buy → Buy $40
2024-02-15 up BMO Capital Market Perform → Outperform $35
2023-08-11 main Barclays Overweight → Overweight $33
2023-02-17 main RBC Capital — → Sector Perform $28
2022-07-27 up Scotiabank Sector Perform → Sector Outperform
2021-08-10 down Credit Suisse Outperform → Neutral
2020-01-13 main Barclays — → Overweight $32
2018-07-11 main Morgan Stanley Equal-Weight → Equal-Weight $26
2018-07-10 init Evercore ISI Group — → In-Line
2018-04-05 main Morgan Stanley Equal-Weight → Equal-Weight $27
2018-02-22 main Morgan Stanley Equal-Weight → Equal-Weight $28
2017-11-13 main Morgan Stanley — → Equal-Weight $28
2017-10-05 main Morgan Stanley — → Equal-Weight $27
2016-09-21 init Dundee — → Buy
2016-08-24 init B of A Securities — → Buy
2016-08-04 down CIBC Sector Outperform → Sector Perform
2016-02-12 down Canaccord Genuity Buy → Hold
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 Manulife Financial Corporation Issuer 170,000 $34.09 $5,794,960
2026-03-31 Manulife Financial Corporation Issuer 4,055,011
2026-03-30 Manulife Financial Corporation Issuer 170,000 $33.84 $5,752,970
2026-03-27 Manulife Financial Corporation Issuer 270,000 $33.89 $9,149,760
2026-03-26 Manulife Financial Corporation Issuer 170,000 $34.49 $5,863,470
2026-03-25 Manulife Financial Corporation Issuer 170,000 $34.66 $5,893,050
2026-03-24 Manulife Financial Corporation Issuer 170,000 $34.38 $5,844,940
2026-03-23 Manulife Financial Corporation Issuer 172,311 $34.52 $5,947,314
2026-03-20 Manulife Financial Corporation Issuer 170,000 $33.80 $5,746,340
2026-03-19 Manulife Financial Corporation Issuer 22,200 $33.93 $753,201
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
53,014.00
+827.41%
-7,288.00
-3.57%
-7,037.00
-129.13%
24,159.00
Operating Revenue
53,014.00
+827.41%
-7,288.00
-3.57%
-7,037.00
-129.13%
24,159.00
Selling General And Administration
4,901.00
+0.86%
4,859.00
+12.22%
4,330.00
+16.05%
3,731.00
General And Administrative Expense
4,901.00
+0.86%
4,859.00
+12.22%
4,330.00
+16.05%
3,731.00
Other Operating Expenses
444.00
Total Expenses
45,920.00
+419.38%
-14,378.00
-6.59%
-13,489.00
-149.42%
27,297.00
Reconciled Depreciation
-1,829.00
-21.37%
-1,507.00
-6.35%
-1,417.00
+3.87%
-1,474.00
EBIT
8,624.00
-1.68%
8,771.00
+9.56%
8,006.00
+483.61%
-2,087.00
Net Income
5,782.00
+2.68%
5,631.00
+3.08%
5,463.00
+360.14%
-2,100.00
Pretax Income
7,094.00
+0.06%
7,090.00
+9.89%
6,452.00
+305.61%
-3,138.00
Net Non Operating Interest Income Expense
-1,530.00
+8.98%
-1,681.00
-8.17%
-1,554.00
-47.86%
-1,051.00
Interest Expense Non Operating
1,530.00
-8.98%
1,681.00
+8.17%
1,554.00
+47.86%
1,051.00
Net Interest Income
-1,530.00
+8.98%
-1,681.00
-8.17%
-1,554.00
-47.86%
-1,051.00
Interest Expense
1,530.00
-8.98%
1,681.00
+8.17%
1,554.00
+47.86%
1,051.00
Interest Income
19,080.00
+9.15%
17,480.00
+8.44%
16,120.00
+0.98%
15,963.00
Other Income Expense
198.00
-32.88%
295.00
+128.68%
129.00
+149.43%
-261.00
Tax Provision
1,034.00
-14.69%
1,212.00
+43.43%
845.00
+172.91%
-1,159.00
Tax Rate For Calcs
0.00
-14.73%
0.00
+30.53%
0.00
-64.54%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
6,060.00
+3.10%
5,878.00
+4.83%
5,607.00
+383.32%
-1,979.00
Net Income From Continuing Operation Net Minority Interest
5,782.00
+2.68%
5,631.00
+3.08%
5,463.00
+360.14%
-2,100.00
Net Income From Continuing And Discontinued Operation
5,782.00
+2.68%
5,631.00
+3.08%
5,463.00
+360.14%
-2,100.00
Net Income Continuous Operations
6,060.00
+3.10%
5,878.00
+4.83%
5,607.00
+383.32%
-1,979.00
Minority Interests
-278.00
-12.55%
-247.00
-71.53%
-144.00
-19.01%
-121.00
Normalized Income
5,782.00
+2.68%
5,631.00
+3.08%
5,463.00
+360.14%
-2,100.00
Net Income Common Stockholders
5,251.00
+3.49%
5,074.00
+5.71%
4,800.00
+318.88%
-2,193.00
Otherunder Preferred Stock Dividend
-167.00
Diluted EPS
3.07
+8.10%
2.84
+8.81%
2.61
-29.08%
3.68
Basic EPS
3.08
+8.07%
2.85
+8.78%
2.62
-28.80%
3.68
Basic Average Shares
1,703.00
-4.27%
1,779.00
-3.00%
1,834.00
-3.98%
1,910.00
Diluted Average Shares
1,708.00
-4.31%
1,785.00
-2.88%
1,838.00
-3.92%
1,913.00
Diluted NI Availto Com Stockholders
5,251.00
+3.49%
5,074.00
+5.71%
4,800.00
+318.88%
-2,193.00
Loss Adjustment Expense
34,546.00
+13.37%
30,472.00
+6.44%
28,628.00
+47.91%
19,355.00
Net Policyholder Benefits And Claims
34,546.00
+13.37%
30,472.00
+6.44%
28,628.00
+47.91%
19,355.00
Policyholder Benefits Ceded
8,874.00
+9.92%
8,073.00
+58.82%
5,083.00
-10.98%
5,710.00
Policyholder Benefits Gross
43,420.00
+12.65%
38,545.00
+14.34%
33,711.00
+34.49%
25,065.00
Preferred Stock Dividends
321.00
+3.22%
311.00
+2.64%
303.00
+16.54%
260.00
Line Item Trend 2023-12-31
Total Assets
875,574.00
Cash Cash Equivalents And Short Term Investments
20,338.00
Cash And Cash Equivalents
20,338.00
Receivables
Accounts Receivable
Loans Receivable
2,436.00
Net PPE
2,591.00
Goodwill And Other Intangible Assets
10,310.00
Goodwill
5,919.00
Other Intangible Assets
4,391.00
Investments And Advances
237,680.00
Total Liabilities Net Minority Interest
826,847.00
Current Debt And Capital Lease Obligation
594.00
Current Debt
594.00
Long Term Debt And Capital Lease Obligation
12,144.00
Long Term Debt
12,144.00
Non Current Deferred Liabilities
1,697.00
Non Current Deferred Taxes Liabilities
1,697.00
Stockholders Equity
47,296.00
Common Stock Equity
40,636.00
Capital Stock
28,187.00
Common Stock
21,527.00
Preferred Stock
6,660.00
Share Issued
1,806.04
Ordinary Shares Number
1,806.04
Treasury Shares Number
0.00
Additional Paid In Capital
222.00
Retained Earnings
4,819.00
Gains Losses Not Affecting Retained Earnings
13,811.00
Minority Interest
1,431.00
Other Equity Adjustments
25,272.00
Total Equity Gross Minority Interest
48,727.00
Total Capitalization
59,440.00
Invested Capital
53,374.00
Total Debt
12,738.00
Net Tangible Assets
36,986.00
Tangible Book Value
30,326.00
Current Notes Payable
594.00
Derivative Product Liabilities
11,730.00
Fixed Assets Revaluation Reserve
Foreign Currency Translation Adjustments
4,801.00
Minimum Pension Liabilities
Other Equity Interest
257.00
Preferred Shares Number
102.00
Preferred Stock Equity
6,660.00
Unrealized Gain Loss
-16,262.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
32,105.00
+21.18%
26,494.00
+29.73%
20,423.00
+22.82%
16,628.00
Cash Flow From Continuing Operating Activities
32,105.00
+21.18%
26,494.00
+29.73%
20,423.00
+22.82%
16,628.00
Net Income From Continuing Operations
6,060.00
+3.10%
5,878.00
+4.83%
5,607.00
+383.32%
-1,979.00
Amortization Cash Flow
-1,829.00
-21.37%
-1,507.00
-6.35%
-1,417.00
+3.87%
-1,474.00
Depreciation And Amortization
-1,829.00
-21.37%
-1,507.00
-6.35%
-1,417.00
+3.87%
-1,474.00
Amortization Of Intangibles
-1,829.00
-21.37%
-1,507.00
-6.35%
-1,417.00
+3.87%
-1,474.00
Other Non Cash Items
-9.00
-112.68%
71.00
-2,447.00
Stock Based Compensation
0.00
-100.00%
2.00
-60.00%
5.00
Deferred Tax
-6.00
-101.93%
311.00
-33.83%
470.00
+123.57%
-1,994.00
Deferred Income Tax
-6.00
-101.93%
311.00
-33.83%
470.00
+123.57%
-1,994.00
Operating Gains Losses
-6,120.00
-611.63%
-860.00
+69.77%
-2,845.00
-120.97%
13,565.00
Gain Loss On Investment Securities
-6,120.00
-611.63%
-860.00
+69.77%
-2,845.00
-120.83%
13,660.00
Change In Working Capital
34,353.00
+50.07%
22,891.00
+22.10%
18,747.00
+69.15%
11,083.00
Change In Other Working Capital
16,941.00
+24.89%
13,565.00
+104.26%
6,641.00
+33.95%
4,958.00
Investing Cash Flow
-28,365.00
-53.66%
-18,459.00
-34.54%
-13,720.00
+25.43%
-18,400.00
Cash Flow From Continuing Investing Activities
-28,365.00
-53.66%
-18,459.00
-34.54%
-13,720.00
+25.43%
-18,400.00
Net Business Purchase And Sale
-1,277.00
-329.97%
-297.00
-29600.00%
-1.00
+99.45%
-182.00
Purchase Of Business
-1,277.00
-329.97%
-297.00
-29600.00%
-1.00
+99.45%
-182.00
Gain Loss On Sale Of Business
0.00
+100.00%
-95.00
Net Other Investing Changes
108,382.00
-4.05%
112,961.00
+60.68%
70,302.00
-24.68%
93,340.00
Financing Cash Flow
-2,049.00
+50.91%
-4,174.00
+17.22%
-5,042.00
-139.18%
-2,108.00
Cash Flow From Continuing Financing Activities
-2,049.00
+50.91%
-4,174.00
+17.22%
-5,042.00
-139.18%
-2,108.00
Net Issuance Payments Of Debt
1,450.00
+15.63%
1,254.00
+21.39%
1,033.00
+292.78%
263.00
Issuance Of Debt
2,558.00
-21.49%
3,258.00
+88.21%
1,731.00
+25.16%
1,383.00
Repayment Of Debt
-1,108.00
+44.71%
-2,004.00
-187.11%
-698.00
+37.68%
-1,120.00
Long Term Debt Issuance
2,558.00
-21.49%
3,258.00
+88.21%
1,731.00
+25.16%
1,383.00
Long Term Debt Payments
-1,108.00
+44.71%
-2,004.00
-187.11%
-698.00
+37.68%
-1,120.00
Net Long Term Debt Issuance
1,450.00
+15.63%
1,254.00
+21.39%
1,033.00
+292.78%
263.00
Net Common Stock Issuance
-2,358.00
+24.62%
-3,128.00
-108.39%
-1,501.00
+19.34%
-1,861.00
Common Stock Payments
-2,431.00
+25.70%
-3,272.00
-105.14%
-1,595.00
+15.34%
-1,884.00
Common Stock Dividend Paid
-3,305.00
-4.62%
-3,159.00
-6.29%
-2,972.00
-6.64%
-2,787.00
Cash Dividends Paid
-3,305.00
-4.62%
-3,159.00
-6.29%
-2,972.00
-6.64%
-2,787.00
Repurchase Of Capital Stock
-2,431.00
+25.70%
-3,272.00
-105.14%
-1,595.00
+38.54%
-2,595.00
Net Other Financing Charges
2,637.00
+560.90%
399.00
+143.89%
-909.00
-155.02%
1,652.00
Changes In Cash
1,691.00
-56.20%
3,861.00
+132.45%
1,661.00
+142.81%
-3,880.00
Effect Of Exchange Rate Changes
-816.00
-168.17%
1,197.00
+390.53%
-412.00
-170.43%
585.00
Beginning Cash Position
24,942.00
+25.44%
19,884.00
+6.70%
18,635.00
-15.03%
21,930.00
End Cash Position
25,817.00
+3.51%
24,942.00
+25.44%
19,884.00
+6.70%
18,635.00
Free Cash Flow
32,105.00
+21.18%
26,494.00
+29.73%
20,423.00
+22.82%
16,628.00
Interest Paid Supplemental Data
1,515.00
-3.75%
1,574.00
+1.68%
1,548.00
+62.09%
955.00
Income Tax Paid Supplemental Data
756.00
+0.13%
755.00
+73.17%
436.00
-64.78%
1,238.00
Amortization Of Securities
-344.00
-18.62%
-290.00
-105.67%
-141.00
-7.63%
-131.00
Common Stock Issuance
73.00
-49.31%
144.00
+53.19%
94.00
+308.70%
23.00
Issuance Of Capital Stock
73.00
-49.31%
144.00
+53.19%
94.00
-90.72%
1,013.00
Net Preferred Stock Issuance
0.00
-100.00%
279.00
Preferred Stock Issuance
0.00
-100.00%
990.00
Preferred Stock Payments
0.00
+100.00%
-711.00
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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