Share Price & News
How has Manning & Napier's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MN's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: MN exceeded the US Capital Markets industry which returned 1.1% over the past year.
Return vs Market: MN exceeded the US Market which returned 4.8% over the past year.
Price Volatility Vs. Market
How volatile is Manning & Napier's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould You Be Holding Manning & Napier Inc (NYSE:MN) Right Now?
1 year ago | Simply Wall StShould You Buy Manning & Napier Inc (NYSE:MN)?
2 years ago | Simply Wall StManning & Napier Inc (NYSE:MN): Commentary On Fundamentals
Is Manning & Napier undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MN ($2.81) is trading below our estimate of fair value ($30.53)
Significantly Below Fair Value: MN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MN is good value based on its PE Ratio (23.9x) compared to the Capital Markets industry average (34x).
PE vs Market: MN is poor value based on its PE Ratio (23.9x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MN is good value based on its PB Ratio (0.3x) compared to the US Capital Markets industry average (9.3x).
How is Manning & Napier forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MN's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if MN's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MN's revenue is expected to decline over the next 3 years (-5.9% per year).
High Growth Revenue: MN's revenue is forecast to decline over the next 3 years (-5.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MN's Return on Equity is forecast to be high in 3 years time
How has Manning & Napier performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MN has a large one-off loss of $9.3M impacting its March 31 2005 financial results.
Growing Profit Margin: MN's current net profit margins (1.4%) are lower than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: MN's earnings have declined by -44.2% per year over the past 5 years.
Accelerating Growth: MN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MN had negative earnings growth (-28.6%) over the past year, making it difficult to compare to the Capital Markets industry average (16%).
Return on Equity
High ROE: MN's Return on Equity (5.1%) is considered low.
How is Manning & Napier's financial position?
Financial Position Analysis
Short Term Liabilities: MN's short term assets ($169.2M) exceed its short term liabilities ($32.6M).
Long Term Liabilities: MN's short term assets ($169.2M) exceed its long term liabilities ($35.7M).
Debt to Equity History and Analysis
Debt Level: MN is debt free.
Reducing Debt: MN has not had any debt for past 5 years.
Debt Coverage: MN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MN has no debt, therefore coverage of interest payments is not a concern.
What is Manning & Napier current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marc Mayer (62yo)
Mr. Marc Orlans Mayer serves as Chief Executive Officer at Manning & Napier, Inc. since January 31, 2019 and serves as its Director since June 12, 2019. Mr. Mayer has served as the President of Manning & N ...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD5.02M) is above average for companies of similar size in the US market ($USD1.35M).
Compensation vs Earnings: Insufficient data to compare Marc's compensation with company performance.
|CEO & Director||1.5yrs||US$5.02m||1.76% $3.9m|
|Director of Investments||5.33yrs||US$2.12m||0.60% $1.3m|
|Managing Director of Institutional & Intermediary Sales||0.83yr||US$632.90k||0.33% $722.8k|
|Chief Financial Officer||2.33yrs||US$608.23k||no data|
|Chief Technology Officer||1.33yrs||no data||0.066% $147.0k|
|Investor Relations Contact||no data||no data||no data|
|General Counsel & Corporate Secretary||1.33yrs||no data||0.028% $61.5k|
|Chief Marketing Officer||2.33yrs||no data||0.014% $31.3k|
|Co-Head of Global Equities||10.5yrs||no data||no data|
|Managing Director of Global Strategies Group||no data||no data||no data|
Experienced Management: MN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|CEO & Director||1.5yrs||US$5.02m||1.76% $3.9m|
|Independent Director||8.67yrs||US$230.06k||3.23% $7.2m|
|Independent Director||7.67yrs||US$220.06k||1.01% $2.2m|
|Independent Director||3.25yrs||US$215.06k||0.72% $1.6m|
|Independent Director||1.08yrs||US$60.70k||0.18% $395.3k|
Experienced Board: MN's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Manning & Napier, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Manning & Napier, Inc.
- Ticker: MN
- Exchange: NYSE
- Founded: 1970
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$221.616m
- Market Cap: US$45.734m
- Shares outstanding: 78.31m
- Website: https://www.manning-napier.com
Number of Employees
- Manning & Napier, Inc.
- 290 Woodcliff Drive
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MN||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Nov 2011|
|MN0||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Nov 2011|
Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States. The firm employs fundamental analysis along with a combination of bottom-up and top-down stock picking approach to create its portfolios. Manning & Napier, Inc. was founded in 1970 and is based in Fairport, New York with additional offices in Dublin, Ohio; St. Petersburg, Florida; and Chicago, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 00:15|
|End of Day Share Price||2020/07/02 00:00|
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 here.