TSX:MFCInsurance
Manulife (TSX:MFC) Stock Looks Fairly Valued With Strong Earnings But A Full Price
After a very strong five year run, Manulife Financial now screens as roughly fairly valued on headline multiples. This makes the recent share gains harder to call a clear bargain or a clear stretch.
Manulife Financial has returned about 208.3% over the past five years, which puts extra focus on whether the current price still leaves much upside for new investors.
The recent 16% rise in core earnings and the long term care reinsurance deal with Munich Re can support confidence in the...