$MFC

7 stories mentioning MFC

Every FINWIRES story that references MFC, newest first.

Manulife Financial's Canada Business May Rebound Earlier, Stronger Than Expected, RBC Says

Manulife Financial's (MFC) Canada business may rebound earlier and more strongly than expected but sustained outperformance would require stronger contributions from Asia and Global Wealth and Asset Management, RBC Capital Markets said Friday.The company's Q1 core EPS was CA$1.06 ($0.77), below RBC's estimate of CA$1.11 and consensus of CA$1.10. The miss was driven by weaker-than-expected results in Canada, Corporate & Other, and Global Wealth and Asset Management, according to the note.RBC lowered its core EPS estimates to CA$4.44 from CA$4.57 in 2026 and to CA$4.90 from CA$4.97 in 2027.Canada core earnings of CA$352 million were below RBC's estimate of CA$409 million. The firm expects Canada insurance experience to normalize by year-end but models Canada core earnings to decline about 6% in 2026.Corporate & Other posted a core loss of CA$115 million, larger than RBC's expected loss of CA$65 million, while GWAM core earnings of CA$448 million also came in below forecast.RBC kept an outperform rating on Manulife Financial with a price target of CA$55.Price: $37.52, Change: $-0.02, Percent Change: -0.05%

$MFC

Research31d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of Manulife Financial Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price of CAD57, valuing MFC shares at 12.7x our 2026 core EPS estimate of CAD4.50 (lowered from CAD4.60) and at 11.6x our 2027 EPS estimate of CAD4.90 (lowered from CAD5.00), versus the stock's one-year average forward multiple of 11x and a peer average of 12x. MFC posted Q1 2026 core EPS of CAD1.06 vs. CAD0.99 prior year, compared with our CAD1.10 estimate and the CAD1.09 consensus view. Net income surged to CAD1.147B from CAD485M, due to lower market experience charges and underlying business growth. We are encouraged by these results, particularly Asia's standout performance, with core earnings up 22% to CAD820M, APE sales up 11%, and NBV up 15%, reinforcing the region as MFC's key growth engine. Currently trading at 10.5x our 2027 EPS estimate (a discount to peer and historical averages) and currently yielding 3.3%, we view the shares as undervalued.

$MFC

Research31d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of Manulife Financial Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price of USD42, valuing MFC shares at 12.8x our 2026 core EPS estimate of CAD4.50 (USD3.28, converted based on the May 14, 2026 spot rate and lowered from CAD4.60/USD3.35) and at 11.8x our 2027 EPS estimate of CAD4.90 (USD3.57, lowered from CAD5.00/USD3.64), versus the stock's one-year average forward multiple of 11x and a peer average of 12x. MFC posted Q1 2026 core EPS of CAD1.06 vs. CAD0.99 prior year, compared with our CAD1.10 estimate and the CAD1.09 consensus view. Net income surged to CAD1.147B from CAD485M, due to lower market experience charges and underlying business growth. We are encouraged by these results, particularly Asia's standout performance, with core earnings up 22% to CAD820M, APE sales up 11%, and NBV up 15%, reinforcing the region as MFC's key growth engine. Currently trading at 10.5x our 2027 EPS estimate (a discount to peer and historical averages) and currently yielding 3.3%, we view the shares as undervalued.

$MFC

Mining & Metals32d ago

Manulife Financial Price Target Raised to $59.00 at National Bank

National Bank raised its price target on the shares of Manulife Financial (MFC.TO, MFC) by C$2.00 to C$59.00 and maintained its outperform rating even though the insurer reported a first-quarter core earnings miss.Manulife's first-quarter core EPS of $1.06, missed analyst Gabriel Dechaine's forecast of $1.08 and consensus of $1.10.The lifeco's U.S. segment, which reported $250 million of mortality experience losses in 2025, turned positive this quarter (as did LTC morbidity).Asia region earnings were up 22%. Aside from the segment's expected contribution to the 2027 ROE target, Dechaine notes that investors focus on sales growth as an indicator of profit growth beyond 2027. To that end, insurance sales were up 8%, including 18% growth in Hong Kong, addressing concerns that regulatory changes would hamper sales performance for an extended period, he writes.Manulfe reported $38 million of experience losses in Canada, driven by higher disability claims in the Group business. Global wealth and asset management (WAM) earnings were slightly below expectations, as net outflows were larger than expected at $4.4 billion.Price: $51.59, Change: $-3.04, Percent Change: -5.56%

$MFC$MFC.TO

Research33d ago

Research Alert: Strength In Asia Paced Manulife Financial's Q1 Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MFC posted Q1 core EPS of CAD1.06 versus CAD0.99 prior year, missing our CAD1.10 estimate and CAD1.09 consensus view despite 11% Y/Y growth. Net income surged to CAD1.147B from CAD485M, due to lower market experience charges and underlying business growth. We are encouraged by these results, particularly Asia's standout performance, with core earnings up 22% to CAD820M, APE sales up 11%, and NBV up 15%, reinforcing the region as MFC's key growth engine. Management's call is scheduled for 8 a.m. EST tomorrow to provide additional color and outlook for 2026 amid macroeconomic uncertainty. Global WAM delivered core earnings of CAD448M, up 2% on constant currency, with EBITDA margin improving 60 bps to 29.0% despite eMPF transition headwinds. MFC maintained strong capital metrics with LICAT ratio of 136% and returned CAD1.2B to shareholders through dividends and buybacks, while book value per share reached an all-time high of CAD26.30.

$MFC

Research33d ago

Research Alert: Strength In Asia Paced Manulife Financial's Q1 Results

$MFC

Mining & Metals33d ago

Manulife Down 3% in U.S. After-Hours Trade as Reports Q1 Core Earnings Miss

Manulife Financial (MFC.TO) was last seen down 3% in New York after-hours trade after it reported a first-quarter core earnings miss on Wednesday.Core earnings rose 8% to $1.84 billion, or $1.06 per share, from $1.77 billion, or $0.99 per share, in the previous corresponding quarter. The result missed the consensus analyst expectation of $1.10 per share, according to FactSet.Manulife said Asia core earnings climbed 22%, reflecting continued business growth and the net positive impact of 2025 updates to actuarial methods and assumptions. Global wealth and asset management (WAM) core earnings increased 2%.Canada and U.S. core earnings fell 6% and 4%, respectively. Canadian core earnings were impacted by unfavorable insurance experience in Group Insurance, while U.S. earnings were affected by lower investment spreads, the company said.Core ROE was 16.5% for the quarter, an increase of 90 basis points compared with the first quarter of last year.Manulife will pay a regular quarterly dividend of $0.485 per share on June 19, to shareholders of record on May 29.Manulife shares were last seen down US$1.23, to US$38.62 after hours. They closed down $0.20, to 54.62 on the Toronto Stock Exchange.

$MFC$MFC.TO