Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life and financial reinsurance, and fund management businesses. Additionally, the company holds and manages oil and gas properties; holds oil and gas royalties, and foreign bonds and equities; and provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: manulife.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | Equal Weight | Barclays | |
| 5/9/2024 | Sector Perform → Outperform | National Bank Financial | |
| 2/22/2024 | Buy | Jefferies | |
| 12/12/2023 | Sector Perform → Outperform | RBC Capital Mkts | |
| 1/12/2023 | Neutral | Credit Suisse | |
| 7/27/2022 | Sector Perform → Sector Outperform | Scotiabank | |
| 5/13/2022 | Buy → Hold | Canaccord Genuity | |
| 5/12/2022 | Outperform → Market Perform | BMO Capital Markets | |
| 2/3/2022 | $36.00 | Overweight | Barclays |
| 12/16/2021 | Neutral → Sector Underperform | CIBC |
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C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 22, 2024 /CNW/ - Manulife Investment Management today announced the November 2024 cash distributions for Manulife Exchange Traded Funds (ETFs) and Manulife ETF series that distribute monthly. Unitholders of record at the close of business on November 29, 2024, will receive cash distributions payable on December 13, 2024. Details of the distribution per unit amounts are as follows: ETF Ticker Distribution Amount (per unit) ($) Distribution Frequency Manulife Smart Short-Term Bond ETF TERM 0.025902 Monthly Manulife Smart Core Bond ETF BSKT 0.025406 Monthly Manulife Smart Corpor
BOSTON, Nov. 21, 2024 /PRNewswire/ - Today, John Hancock announced it is now offering the latest Apple Watch models to eligible life insurance customers participating in the John Hancock Vitality Program, which rewards customers for the everyday things they do to live longer, healthier, better lives. Beginning this November, John Hancock Vitality PLUS members can earn Apple Watch Series 10, or Apple Watch SE, for as little as $25, plus tax, by staying active. They can also choose an Apple Watch Ultra 2 for an additional upgrade fee. Apple Watch models offer a variety of advanced health and fitness features including activity metrics, sleep tracking and insights into overnight health metrics
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 17 (the "Series 17 Preferred Shares") (TSX:MFC) and Non-cumulative Floating Rate Class 1 Shares Series 18 (the "Series 18 Preferred Shares"). With respect to any Series 17 Preferred Shares that remain outstanding after December 19, 2024, holders thereof will
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 Board names Phil Witherington, Manulife Asia CEO, as Successor TORONTO, Nov. 18, 2024 /PRNewswire/ - Manulife Financial Corporation's (MFC) Board today announced that President and Chief Executive Officer Roy Gori has informed them of his intention to retire, effective May 8, 2025, with Phil Witherington appointed as his successor and joining the Board of Directors at that time. To support this transition, following Mr. Gori's retirement he has agreed to serve as an Advisor through August 31, 2025.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 New offerings reinforce Manulife's commitment to helping Canadians protect what matters most to them while preserving a lasting legacy. TORONTO, Nov. 12, 2024 /CNW/ - Manulife Canada, the country's largest insurance company, today announced the launch of two innovative products designed to meet the diverse needs of Canadians and their families: the 75/100 Segregated Fund Series and Manulife Guaranteed Issue Life. 75/100 Segregated Fund Series: Investment solution that can help Canadians with their estat
TORONTO, Nov. 8, 2024 /PRNewswire/ - Manulife Investment Management today announced enhancement to its equity organization in leveraging expertise across its Asia and Emerging Markets teams to improve investment experience for its clients. Charlie Dutton, an equity investment leader with substantial experience in Asia, is named to the newly created role of Chief Investment Officer, Global Emerging Market Equities. In this new role, Charlie will oversee and align our Asia ex-Japan and emerging market equity capabilities, ensuring we leverage local resources and insights across the organization.
C$ unless otherwise stated TORONTO, Nov. 7, 2024 /CNW/ - Manulife Investment Management announced today it was recognized, for the twelfth consecutive year, by the 2024 LSEG Lipper Fund Awards, winning three LSEG Lipper Fund Awards, one LSEG Lipper ETF Award and one LSEG Lipper ETF Group Award in the following classifications. LSEG Lipper Fund Awards Canada 2024 Winner, Manulife Fundamental Balanced Class – Series FT6, Best Canadian Equity Balanced Fund Over 10 Years. This fund is managed by Manulife Fundamental Equity Team.LSEG Lipper Fund Awards Canada 2024 Winner, Manulife
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after December 19, 2024, to shareholders of record at the close of business on November 20, 2024: Class A Shares Series 2 - $0.29063 per shareClass A Shares Series 3 - $0.28125 per shareClass 1 Shares Series 3 - $0.14675 per shareClass 1 Shares Series 4 - $0.353590 per shareClass 1 Shares Series 9 - $0.37
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after December 19, 2024, to shareholders of record at the close of business on November 20, 2024. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the
TD Securities analyst Mario Mendonca maintains Manulife Financial (TSX:MFC) with a Buy and raises the price target from C$38 to C$40.
Announces longevity preparedness research; builds on insurer's commitment to help people live longer, healthier, better livesBOSTON, May 14, 2024 /PRNewswire/ - John Hancock, along with its Toronto-based parent company Manulife (NYSE:MFC), today announced a five-year, multimillion-dollar research collaboration with the Massachusetts Institute of Technology (MIT) AgeLab, a multi-disciplinary research institute that works with business, government, and NGOs, leading innovation and research to help improve the quality of life for the aging population and their loved ones. Over the next five years, Manulife/John Hancock and the MIT AgeLab will collaborate to research the future of longevity inno
Manulife Financial (NYSE:MFC) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.67 by 4.48 percent. This is a 20.69 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $1.39 billion which missed the analyst consensus estimate of $1.47 billion by 5.44 percent. This is a 46.46 percent decrease over sales of $2.60 billion the same period last year.
Manulife Investment Management announced today it has closed on the previously announced agreement to acquire multi-sector alternative credit manager CQS. Regulatory approval for this transaction was received from the U.K. Financial Conduct Authority. The acquisition accelerates growth for the firm and advances its strategy as a leading global wealth and asset manager providing income solutions across the credit spectrum to retail, institutional and retirement investors. As part of the transaction, Manulife Investment Management has acquired the CQS brand and intends to align it with the Manulife brand as a co-branded logo – Manulife | CQS Investment Management – where permitted.
RBC Capital analyst Darko Mihelic reiterates Manulife Financial (TSX:MFC) with a Outperform and maintains C$38 price target.
Jefferies analyst John Aiken initiates coverage on Manulife Financial (TSX:MFC) with a Buy rating and announces Price Target of C$40.
Barclays initiated coverage of Manulife Financial with a rating of Equal Weight
National Bank Financial upgraded Manulife Financial from Sector Perform to Outperform
Jefferies initiated coverage of Manulife Financial with a rating of Buy
RBC Capital Mkts upgraded Manulife Financial from Sector Perform to Outperform
Credit Suisse initiated coverage of Manulife Financial with a rating of Neutral
Scotiabank upgraded Manulife Financial from Sector Perform to Sector Outperform
Canaccord Genuity downgraded Manulife Financial from Buy to Hold
BMO Capital Markets downgraded Manulife Financial from Outperform to Market Perform
Barclays resumed coverage of Manulife Financial with a rating of Overweight and set a new price target of $36.00
CIBC downgraded Manulife Financial from Neutral to Sector Underperform
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 Report suggests actions for each generation and how retirement plan providers, plan sponsors and advisors can help achieve better outcomesWith longer lives and potentially more years in retirement, action during working years is crucialTORONTO, Oct. 22, 2024 /CNW/ - Today, Manulife released the Manulife Financial Resilience and Longevity Report, incorporating data from its fourth annual survey of Canadian retirement plan members and a separate panel of Canadian retirees. The report shows how workers continue to face financial challenges, with Baby Boomers generally in a better financial position compared to Gen Xers and Gen Z/M
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, May 9, 2024 /PRNewswire/ - Manulife Financial Corporation (Manulife) announced today that each of the following 13 nominees proposed to be elected at the Annual Meeting of Shareholders held earlier today has been elected. The detailed results of the vote for the election of directors are set out below. NAME OF NOMINEE VOTES FOR % VOTES WITHHELD % Nicole S. Arnaboldi 956,867,793 98.85 % 11,101,542 1.15 % Guy L.T. Bainbridge 950,912,017 98.24 % 17,057,318 1.76 % Susan F. D
GEORGETOWN, Cayman Islands, May 8, 2024 /PRNewswire/ -- Front Street Re ("FSR" or the "Company"), an international Insurtech and reinsurance company that focuses on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited ("Lexasure"), today announced the appointment of Edison Fong as Chief Executive Officer following a thorough search process. Mr. Ian Lim, Chief Executive Officer of Lexasure Financial Group and President of Front Street Re, stated, "Please join me in congratulating Edison as he assumes the CEO
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, March 22, 2024 /PRNewswire/ - Manulife's Management Information Circular and 2023 Annual Report are being delivered to shareholders and are now available at manulife.com. The Management Information Circular (the "Circular") contains information about the annual meeting of shareholders of Manulife Financial Corporation, including details on how to attend the meeting and information relating to the election of directors and the appointment of auditors. The meeting will
Global asset management and alternatives investing leader to join world's largest natural capital investment manager March 4 TORONTO, Feb. 6, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM), the global asset manager serving 17 million investors, today has announced Anne Valentine Andrews will join the firm on March 4 as Global Head of Private Markets. With more than 25 years of asset management and alternatives experience, Ms. Valentine Andrews will lead all investment teams and direct the overall strategy, business development and growth of Manulife IM's pri
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 Manulife becomes first Group Benefits Provider in Canada to offer Aeroplan Points to members to encourage and reward activities that support better health and wellness. TORONTO, Jan. 23, 2024 /CNW/ - Manulife, one of Canada's leading insurance providers, and Aeroplan, Canada's premier travel loyalty program, are excited to announce a new, multi-year loyalty partnership. Through this first-of-its-kind agreement in Canada, the millions of Canadians who are eligible Manulife Group Benefits members will have the ability to earn Aeroplan points by engaging
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Sept. 7, 2023 /PRNewswire/ - Manulife today announced the appointment of Maryscott (Scotty) Greenwood as Global Head of Government Relations, effective October 16, 2023. Ms. Greenwood will focus her advocacy and education efforts nationally and internationally around company interests, enabling new business opportunities, and growing shareholder value. She will serve as a member of the company's Global Leadership Team, reporting to Manulife General Counsel James D. Gallagher.
TSX/NYSE/PSE: MFC SEHK: 945 BOSTON and LONDON, June 22, 2023 /PRNewswire/ - Manulife Investment Management has announced the appointment of Colin Purdie, CFA, as new chief investment officer, public markets. Mr. Purdie will join the firm on December 1, 2023, succeeding Christopher P. Conkey, CFA, who is retiring from Manulife Investment Management at the end of 2024 after 13 years with the firm and an esteemed career spanning more than 40 years in asset management. Mr. Conkey first joined Manulife in 2010 as the chief investment officer, global equities. He took on leaders
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, March 24, 2023 /PRNewswire/ - Manulife's Management Information Circular and 2022 Annual Report are being delivered to shareholders and are now available at manulife.com. The Management Information Circular (the "Circular") contains information about the annual meeting of shareholders of Manulife Financial Corporation, including details on how to attend the meeting and information relating to the election of directors and the appointment of auditors. The meeting will
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 11, 2022 /PRNewswire/ - Manulife today announced the appointment of Don Lindsay as Vice Chair of the Board of Directors of Manulife Financial Corporation and The Manufacturers Life Insurance Company. John Cassaday will retire on February 15, 2023 after thirty years of distinguished service as a member of the Board, and as Chairman for the past five years, at which time Don will become Chair of the Board. "We are delighted to announce that Don has been
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after December 19, 2024, to shareholders of record at the close of business on November 20, 2024: Class A Shares Series 2 - $0.29063 per shareClass A Shares Series 3 - $0.28125 per shareClass 1 Shares Series 3 - $0.14675 per shareClass 1 Shares Series 4 - $0.353590 per shareClass 1 Shares Series 9 - $0.37
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after December 19, 2024, to shareholders of record at the close of business on November 20, 2024. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the
TSX/NYSE/PSE: MFC SEHK: 945C$ unless otherwise stated TORONTO, Nov. 6, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results1. Key highlights for the third quarter of 2024 ("3Q24") include: Core earnings2 of $1.8 billion, up 4% on a constant exchange rate basis3 from the third quarter of 2023 ("3Q23")Net income attributed to shareholders of $1.8 billion, up $0.8 billion from 3Q23Core EPS4 of $1.00, up 7%3 from
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Oct. 23, 2024 /PRNewswire/ - Manulife Financial Corporation will release its third quarter 2024 financial results after markets close on Wednesday, November 6, 2024, which will be made available at manulife.com/en/investors/results-and-reports. A live webcast and conference call are scheduled for Thursday, November 7, 2024, at 8:00 a.m. (ET) where members of Manulife's executive leadership team will discuss the results, followed by a question and answer period with analysts. To access the conference call, dial 1-800-806-5484 or 1-416-340-2217 (Passcode: 3664682#). Please call in 1
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Sept. 20, 2024 /CNW/ - Manulife Investment Management today announced the September 2024 cash distributions for Manulife Exchange Traded Funds (ETFs) that distribute monthly and quarterly. Unitholders of record of the Manulife ETFs at the close of business on September 30, 2024, will receive cash distributions payable on October 11, 2024. Details of the distribution per unit amounts are as follows: ETF Ticker Distribution Amount (per unit) ($) Distribution Frequency Manulife Smart Short-Term Bond ETF TERM 0.027046 Monthly M
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Aug. 7, 2024 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after September 19, 2024, to shareholders of record at the close of business on August 21, 2024: Class A Shares Series 2 - $0.29063 per shareClass A Shares Series 3 - $0.28125 per shareClass 1 Shares Series 3 - $0.14675 per shareClass 1 Shares Series 4 - $0.395853 per shareClass 1 Shar
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Aug. 7, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after September 19, 2024, to shareholders of record at the close of business on August 21, 2024. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in conn
TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Aug. 7, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its second quarter results for the period ended June 30, 2024, delivering positive momentum in core earnings, new business and book value growth. Key highlights for the second quarter of 2024 ("2Q24") include: Core earnings1 of $1.7 billion, up 6% on a constant exchange rate basis2 from the second quarter of 2023 ("2Q23")Net income attributed
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, July 24, 2024 /PRNewswire/ - Manulife Financial Corporation will release its second quarter 2024 financial results after markets close on Wednesday, August 7, 2024, which will be made available at manulife.com/en/investors/results-and-reports. A live webcast and conference call are scheduled for Thursday, August 8, 2024, at 8:00 a.m. (ET) where members of Manulife's executive leadership team will discuss the results, followed by a question and answer period with analysts. To access the conference call, dial 1-800-806-5484 or 1-416-340-2217 (Passcode: 6941503#). Please call in 15 min