Mon, Sep. 21, 3:02 PM
Wed, Sep. 9, 8:22 AM
Thu, Aug. 6, 6:22 AM
Thu, Aug. 6, 6:15 AM
Mon, Jul. 6, 7:51 AM
Mon, Jun. 29, 5:01 PM
- Manulife (NYSE:MFC) has the greatest sensitivity to rising rates of all the picks on the list, says Barclays, which also sees upside potential even before rate liftoff, particularly as the insurer deploys excess capital.
- The Street is underestimating MGIC Investment's (NYSE:MTG) earnings growth trajectory in a subnormalized loss environment.
- Nasdaq OMX (NASDAQ:NDAQ) remains a top pick thanks to: 1) attractive valuation; 2) recurring and diversified revenue base; 3) strong free cash flow supporting capital returns.
- Prologis (NYSE:PLD) has strong earnings growth and compelling valuation compared to net asset value.
- Citigroup (NYSE:C) should outperform its big-cap peers thanks to: 1) Finally meaningful capital deployment after this year's CCAR; 2) increased focus on execution in core markets; 3) big footprint in faster-growing emerging markets; 4) utilization of the $48B DTA; 5) continued reduction in Citi Holdings.
- Also making the list: Prudential Financial (NYSE:PRU) and SVB Financial (NASDAQ:SIVB).
- Source: StreetInsider
Tue, Jun. 16, 12:34 PM
- Claude Chene was most recently with Standard Life's Ignis Asset Management, but is now in the newly-created role of global head of distribution for Manulife (MFC -0.3%), reporting to Kai Sotorp, CEO of that unit. Sotorp came over from UBS last year.
- Manulife is looking to expand its institutional management business in EMEA and Latin America by targeting pensions and sovereign wealth funds.
Thu, May 21, 7:53 AM
- The $450M REIT offering of Manulife's Asset Management's (NYSE:MFC) real estate investment portfolio would offer rare Asian exposure to U.S. real estate.
- The Singapore market has been a quiet one of late, but it is home to about 90 REITs looking to draw upon Asian investors hunting for yield.
- Manulife Asset Management manages a portfolio of office, industrial, residential, and retail assets in the U.S., Canada, and Asia with a market value of nearly $11B.
- Source: WSJ
Thu, May 7, 8:50 AM
Thu, May 7, 6:00 AM
Wed, May 6, 5:30 PM
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Tue, Apr. 14, 12:38 PM
- With the purchase of New York Life's Retirement Plan Services business, Manulife's (MFC +0.2%) John Hancock Retirement Plan Services is now a top 15 provider in the mid plan market, with retirement plan assets under administration higher by 60% to $135B.
- The greater scale, and added capabilities and talent positions us as a major plan provider in U.S. retirement plans, says John Hancock President Craig Bromley.
- Source: Press release
- Previously: Manulife's John Hancock makes acquisition (Dec. 23, 2014)
Thu, Apr. 9, 11:49 AM
- Home to more than half the world's population who also happen to be growing wealthier and living longer, but without the safety nets common in the West, Asia is the spot insurers look to for growth ... But it isn't coming cheap.
- Manulife's (MFC +0.2%) just-inked $1.2B distribution deal with DBS Group Holdings gives it access to Singapore, Hong Kong, Indonesia, and China for $300M per country. A deal last year between Prudential Plc and Standard Chartered went for $140M per country, and an AIA/Citi deal in 2013 cost $72M per country.
- While those numbers are not necessarily apples-to-apples, they do provide a rough guide to how costly access is getting. The U.K. Aviva (AV -1.1%) thought the price excessive and pulled out of the bidding, but, for now, Manulife investors don't mind having to pay up - the stock's higher by more than 2% since the announcement.
- Source: WSJ
- Previously: WSJ: Manulife eyes Asian growth with $1B+ insurance-product deal (April 8)
Wed, Apr. 8, 4:03 AM
- Manulife Financial (NYSE:MFC) is close to signing a multiyear deal of well over $1B to distribute its insurance products across Asia via the branches of Singaporean lender DBS Group (OTC:DBSAY), the WSJ reports.
- The Canadian company will pay the money over the lifetime of the agreement, which follows a similar deal between AIA and Citigroup in late 2013.
Thu, Feb. 12, 11:03 AM
- Q4 core earnings (all Canadian dollars) of $713M or $0.36 per share vs. $685M and $0.35 one year ago, but fell short of estimates for $0.42. Core ROE of 9%.
- CEO Donald Guloien: "Core earnings, due to a variety of experience factors, were below our plan. Also, the macro environment, including low interest rates, produces headwinds for 2015."
- Canadian insurance sales up 6%, with wealth sales down 8%. U.S. insurance sales rose 12%, with wealth sales flat.
- AUM of $691B vs. $599B a year ago.
- Previously: Manulife Financial misses by C$0.06 (Feb. 12)
- MFC -3.2%
Thu, Feb. 12, 6:23 AM
MFC vs. ETF Alternatives
Manulife Financial Corp, together with its subsidiaries, provides financial protection and wealth management products & services to personal & business clients, & asset management services to institutional customers in Asia, Canada, and the United States.
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