While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

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Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Roy Gori, President and Chief Executive Officer, Manulife Financial Corporation (TSX: MFC) ("Manulife" or the "Company"), and other featured guests, joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market and celebrate the 25th anniversary of Manulife's Initial Public Offering (IPO), which made history as the largest IPO in Canada's capital markets in 1999. Cannot view this video? Visit: https://www.youtube.com/wa ...

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Sept. 26, 2024 /PRNewswire/ - Manulife Financial Corporation ("MFC") today announced its intention to redeem at par on November 21, 2024 all of its outstanding 500 million Singapore dollars principal amount of 3.00% Subordinated Notes (the "Notes") due November 21, 2029. The Notes are redeemable at MFC's option, in whole but not in part, on November 21, 2024 and thereafter on each interest payment date at a redemption price per Note equal to pa ...

Shares of Manulife Financial Corporation (MFC) closed at $28.87 on Thursday, near its 52-week high of $28.89. A strong-performing Asia business, expanding Wealth and Asset Management business and a solid capital position are driving the stock price higher. The company 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. Earnings grew 4.9% in the last five years, better than the industry avera ...

H97 ng are gawrav Warren Buffett has said in the past that he is against using leverage to buy stocks. While that is good advice, what often gets ignored is that his insurance company, GEICO, a subsidiary of Berkshire Hathaway (BRK.A)(BRK.B), enabled him to get a head start over simply using only 'owned' cash to invest. That's because insurance companies carry a float, which is basically the unpaid premiums on policies, and so long as thresholds are met, it can be invested to generate extra earnings for the ...

It has been about a month since the last earnings report for Manulife Financial (MFC) . Shares have added about 11.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Manulife due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Manulife Q2 Earnings Beat Estimates, NBV ...

Core Insights - Manulife Financial Corporation (MFC) has seen a 19% increase in its stock price year to date, outperforming the industry, finance sector, and S&P 500 [1] - The company is a leading life insurer in Canada with growing operations in the U.S. and Asia, and has a history of positive earnings surprises [2] - Manulife's return on equity (ROE) stands at 16.2%, above the industry average of 15.5%, with a target ROE of 18% by 2027 [2] Business Performance - The Asia business is a significant earnings contributor, expected to account for 50% of overall earnings by 2027, driven by strong volume growth and favorable demographics [3] - Manulife is focusing on high ROE and growth segments in North America and sees Europe as a key growth area, with long-term investments planned [4] Earnings and Growth Strategy - The highest potential businesses, including operations in Asia and Global Wealth and Asset Management, currently contribute two-thirds of core earnings, with a goal to increase this to 75% [5] - The company is implementing digitalization and automation strategies to improve efficiency, targeting an expense efficiency ratio of less than 45% [5] Financial Health - Manulife is enhancing its balance sheet by improving liquidity and targeting a leverage ratio of 25%, with free cash flow conversion exceeding 100% in recent quarters [6] - The company has increased dividends at a six-year CAGR of 10% and aims for a dividend payout ratio of 35-45% in the medium term [6] Earnings Estimates - The Zacks Consensus Estimate for MFC's earnings per share (EPS) is $2.72 for 2024 and $2.86 for 2025, indicating year-over-year growth of 5.8% and 5.2% respectively [7] - The long-term earnings growth rate is projected at 10%, with expected core EPS growth of 10-12% in the medium term [7]

Core Viewpoint - Manulife Financial Corporation has experienced significant share price growth, with a 23% increase year-to-date and 41% over the past year, driven by sustainable return on equity (ROE) improvements in the Canadian Lifeco sector [2][16] - The company is well-positioned to capitalize on growth opportunities in Asia and wealth management, with a long-term bullish outlook [2][16] Company Overview - Manulife operates globally, with a strong presence in Asia and the United States, serving 35 million customers and managing assets of $1.5 trillion [3] - The company has diversified its offerings beyond insurance to include financial advisory, wealth management, and institutional solutions [3] Q2 '24 Results - In Q2 '24, Manulife reported earnings per share (EPS) of $0.91, a 9% increase year-over-year, surpassing estimates [4] - Core EPS was slightly above consensus at $0.87, aided by a lower effective tax rate in wealth management [4] Performance by Region - Asia's earnings increased by 34% year-over-year, driven by higher claims experience and investment income [6] - In Hong Kong, sales rose by 15%, although competition impacted market share [6] - Wealth and Asset Management core earnings grew by 25% year-over-year, supported by increased assets under management (AUM) [7] Return on Equity (ROE) and Growth - Manulife's ROE for Q2 '24 was 15.7%, with management raising the long-term target to over 18% [8][10] - The company reported a 17% increase in annualized premiums and a 23% growth in new business value [10] Shareholder Returns - Manulife has repurchased 31 million shares for $1.1 billion and increased its buyback plan to $3 billion, reflecting confidence in financial health [12] - The average price target from analysts is $38.57, indicating an 8% upside potential from the current share price, alongside a 4.5% dividend yield [13] Investment Thesis - The company's expanding ROEs and attractive valuation make it a compelling choice for income-oriented investors [15][16] - Despite challenges in the U.S. market, the focus on capital management and strong performance in Asia positions Manulife favorably for future growth [16]

Manulife Financial Corporation (MFC) delivered second-quarter 2024 core earnings of 66 cents per share, which beat the Zacks Consensus Estimate by 3.1%. The bottom line improved 6.4% year over year. Core earnings of $1.3 billion (C$1.7 billion) increased 8.3% year over year. The improvement was driven by continued business growth momentum and updates to actuarial methods and assumptions in the second half of 2023, higher fee income from favorable market impacts and positive net flows, a favorable tax true-u ...