Manulife Financial (MFC) Shares Gain on New Financial Goals [Yahoo! Finance]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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US:NYSE Investor Relations:
manulife.com/investor-relations
Company Research
Source: Yahoo! Finance
This Zacks Rank #3 (Hold) company expects to generate a return on equity (ROE) of 18% by 2027, up from 15% expected earlier. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the United States and several Asian countries. Its Asia business is the major contributor to earnings, contributing 44% in the first quarter of 2024. MFC now expects core earnings from Asia to contribute 50% to earnings by 2027. Asia has been the fastest-growing insurance segment, supported by strong volume growth and attractive margins. This market appears attractive, given its changing demographics. Manulife is scaling up its business across Asia by expanding its distribution network, securing and deepening strategically important distribution agreements with key partners in Japan, Indonesia and Cambodia, and enhancing the mainland Chinese visitor (MCV) capabilities to complement the prominent domestic franchise in Hong Kong,
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MFC
News
- Manulife Financial Co. (NYSE: MFC) had its price target raised by analysts at TD Securities from $38.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
- Manulife Investment Management Announces Industrial Outdoor Storage Venture with Foundry Commercial [Yahoo! Finance]Yahoo! Finance
- Manulife Investment Management Announces Industrial Outdoor Storage Venture with Foundry CommercialPR Newswire
- Manulife boosts key profit target at investor day in Hong Kong [Investment Executive - News]Investment Executive - News
- Manulife boosts key profit target at investor day in Hong Kong [Financial Post (Toronto, Ontario, Canada)]Financial Post
MFC
Earnings
- 5/8/24 - Beat
MFC
Sec Filings
- 6/24/24 - Form 6-K
- 6/24/24 - Form 6-K
- 6/11/24 - Form 6-K
- MFC's page on the SEC website