Manulife Financial (MFC) Stock Overview
Provides financial products and services in the United States, Canada, Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
MFC passed our risk checks.
MFC Community Fair Values
Create NarrativeSee what 185 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Manulife Financial Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$53.41 |
| 52 Week High | CA$53.60 |
| 52 Week Low | CA$41.08 |
| Beta | 0.73 |
| 1 Month Change | 11.46% |
| 3 Month Change | 2.97% |
| 1 Year Change | 25.08% |
| 3 Year Change | 104.79% |
| 5 Year Change | 103.31% |
| Change since IPO | 496.76% |
Recent News & Updates
MFC: Capital Returns And Partnerships Will Support Medium Term Sentiment Stability
Analysts have nudged their average price target on Manulife Financial slightly higher by CA$1, reflecting incremental adjustments from recent research updates while keeping key valuation inputs, such as fair value, discount rate, revenue growth, profit margin, and future P/E, effectively unchanged. Analyst Commentary Recent research updates point to a mixed but generally constructive stance on Manulife Financial, with several bullish price target adjustments offset by at least one reduction.MFC: Capital Returns And Partnerships Will Support Medium Term Multiple Stability
Manulife Financial's analyst price targets have seen a small upward reset to around CA$55 to CA$56, as analysts factor in steady fair value estimates, updated revenue and margin assumptions, and mixed but generally supportive recent research updates from Scotiabank, RBC Capital, and TD Securities. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets toward CA$56 indicate continued confidence that current valuation still leaves some room for upside based on their fair value work.Manulife Financial Corporation (TSE:MFC) Analysts Just Slashed This Year's Revenue Estimates By 13%
Apr 13
Recent updates
MFC: Capital Returns And Partnerships Will Support Medium Term Sentiment Stability
Analysts have nudged their average price target on Manulife Financial slightly higher by CA$1, reflecting incremental adjustments from recent research updates while keeping key valuation inputs, such as fair value, discount rate, revenue growth, profit margin, and future P/E, effectively unchanged. Analyst Commentary Recent research updates point to a mixed but generally constructive stance on Manulife Financial, with several bullish price target adjustments offset by at least one reduction.MFC: Capital Returns And Partnerships Will Support Medium Term Multiple Stability
Manulife Financial's analyst price targets have seen a small upward reset to around CA$55 to CA$56, as analysts factor in steady fair value estimates, updated revenue and margin assumptions, and mixed but generally supportive recent research updates from Scotiabank, RBC Capital, and TD Securities. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets toward CA$56 indicate continued confidence that current valuation still leaves some room for upside based on their fair value work.Manulife Financial Corporation (TSE:MFC) Analysts Just Slashed This Year's Revenue Estimates By 13%
Apr 13MFC: Medium Term Execution And Capital Returns Will Support Multiple Expansion
Analysts have nudged the average price target for Manulife Financial higher, with several firms lifting their views by CA$1 to CA$3 into the CA$52 to CA$58 range, citing progress on medium term targets, potential upside to consensus estimates, and room for further multiple expansion. Analyst Commentary Recent research commentary around Manulife Financial has focused on how well the company is executing on its medium term goals, what that could mean for earnings expectations, and how much upside remains in the current valuation range.MFC: Execution On Medium Term Goals Will Support Further Multiple Expansion
Analysts have nudged the fair value estimate for Manulife Financial slightly higher to about CA$54.71, citing modestly higher revenue growth assumptions, a somewhat lower profit margin outlook, and a higher future P/E that aligns with a series of recent price target increases in the CA$52 to CA$58 range. Analyst Commentary Recent Street research on Manulife Financial has been active, with several firms adjusting price targets in a tight CA$52 to CA$58 range and one rating upgrade.MFC: Execution On Medium Term Goals Will Support Further Multiple Expansion
Analysts have inched their average price target for Manulife Financial higher to about the CA$55 to CA$58 range, reflecting updated views around the company’s progress toward its medium term objectives, potential upside to consensus estimates, and the possibility of further multiple expansion supported by capital strength, cash flow and sector consolidation themes discussed in recent research. Analyst Commentary Recent research shows a mix of optimism and caution around Manulife Financial, with several firms adjusting price targets in the CA$52 to CA$58 range and one lowering its target by CA$1.MFC: Core Execution And Capital Returns Will Support Measured Multiple Expansion
Analysts have raised their fair value estimate for Manulife Financial by CA$1.00 to CA$54.67. This reflects updated assumptions for revenue growth, profit margins, and a slightly lower future P/E that align with a series of recent target increases from Scotiabank, RBC Capital, CIBC, and Barclays, partly offset by a modest trim from TD Securities.MFC: Core Insurance Execution And Asia Focus Will Support Measured Multiple Expansion
Our analyst fair value estimate for Manulife Financial has edged up by about $0.20 per share as analysts reflect a series of higher price targets, supported by views on execution against medium term objectives, potential upside to consensus estimates, and room for further multiple expansion within the life insurance group. Analyst Commentary Recent Street research on Manulife Financial has leaned constructive, with several firms lifting price targets and, in at least one case, upgrading the stock rating.MFC: Core Insurance Strength And Asia Expansion Will Support Measured Multiple Expansion
Narrative update on Manulife Financial The updated analyst price target for Manulife Financial has edged higher to about $53.47 from $51.94. This reflects analysts' responses to recent target increases, upgraded ratings, and expectations for potential multiple expansion supported by capital strength, cash flow, and execution against medium term objectives.MFC: Core Insurance Strength And Asia Expansion Will Support Balanced Outlook
Analysts have nudged their price targets for Manulife Financial higher, with recent raises of approximately $2 to $5. These adjustments reflect improved life insurance earnings, stronger core insurance results, and solid Asia sales, while still accounting for sector headwinds from potential Fed cuts.MFC: Core Insurance And Asia Execution Will Support Balanced Medium Term Outlook
Analysts have nudged their price targets on Manulife Financial higher, with recent revisions in both U.S. dollar and Canadian dollar terms reflecting stronger than expected life insurance earnings and solid core insurance and Asia growth. This has resulted in a modest increase in our fair value estimate to about $51.94.MFC: Core Insurance Performance And Asia Sales Will Drive Resilient Future Outlook
Analysts have raised their price targets for Manulife Financial, with increases ranging from C$1 to C$5 per share. They cite strong insurance earnings reports and continued sales growth in Asia as key factors for the improved outlook.MFC: Core Insurance Strength and Asia Momentum Will Support Steady Outlook
Analysts have raised their average price target for Manulife Financial from $49.13 to $51.87. This change reflects improved expectations for revenue growth and ongoing positive model updates following recent strong earnings reports in the life insurance sector.MFC: Sector Headwinds And Mixed Performance Will Shape Near-Term Outlook
Analysts have modestly increased their price target for Manulife Financial to approximately $49.13. They cite ongoing sector headwinds and recent results that have broadly met or exceeded expectations as reasons for this adjustment.Expanding Asia And US Markets Will Shape The Future
Analysts have updated their price target for Manulife Financial to $48.20. This is a modest increase that reflects ongoing sector tailwinds and the company’s better-than-expected earnings performance.Analyst Forecasts Just Became More Bearish On Manulife Financial Corporation (TSE:MFC)
Aug 19
Dynamic Growth In Asia And Digital Transformation Fueling Strong Revenue And Margin Expansion
Manulife's growth in Asia and digital transformations enhance revenue, efficiency, and operational margins, benefiting future earnings.Shareholder Returns
| MFC | CA Insurance | CA Market | |
|---|---|---|---|
| 7D | 0.8% | 0.003% | -1.7% |
| 1Y | 25.1% | 17.5% | 33.8% |
Return vs Industry: MFC exceeded the Canadian Insurance industry which returned 17.5% over the past year.
Return vs Market: MFC underperformed the Canadian Market which returned 33.8% over the past year.
Price Volatility
| MFC volatility | |
|---|---|
| MFC Average Weekly Movement | 3.2% |
| Insurance Industry Average Movement | 3.2% |
| Market Average Movement | 10.8% |
| 10% most volatile stocks in CA Market | 18.2% |
| 10% least volatile stocks in CA Market | 3.9% |
Stable Share Price: MFC has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: MFC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1887 | 37,000 | Phil Witherington | www.manulife.com |
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.
Manulife Financial Corporation Fundamentals Summary
| MFC fundamental statistics | |
|---|---|
| Market cap | CA$87.39b |
| Earnings (TTM) | CA$5.25b |
| Revenue (TTM) | CA$30.98b |
17.0x
P/E Ratio2.9x
P/S RatioIs MFC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MFC income statement (TTM) | |
|---|---|
| Revenue | CA$30.98b |
| Cost of Revenue | CA$15.71b |
| Gross Profit | CA$15.27b |
| Other Expenses | CA$10.02b |
| Earnings | CA$5.25b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 13, 2026
| Earnings per share (EPS) | 3.14 |
| Gross Margin | 49.30% |
| Net Profit Margin | 16.95% |
| Debt/Equity Ratio | 47.7% |
How did MFC perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield57%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 21:49 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Manulife Financial Corporation is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rosen | Accountability Research Corporation |
| Lemar Persaud | ATB Cormark Historical (Cormark Securities) |
| Eric Berg | Barclays |