TSX:MFCInsurance
Manulife (TSX:MFC) Stock Looks Fairly Priced As It Hits A 52 Week High
After a 221.5% return over the past 5 years, Manulife Financial now trades at levels where the stock no longer looks obviously cheap. The latest valuation checks point to a more balanced picture rather than a clear bargain.
A 221.5% 5-year gain puts long-term holders in a strong position. This can reduce the margin of safety for new investors if expectations stay high.
Growth in Asian insurance and expanding wealth and asset management operations may support earnings expectations. However,...