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Manulife Financial Corporation (MFC)

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  • Thu, Feb. 12, 11:03 AM
  • Tue, Jan. 6, 3:30 PM
  • Mar. 20, 2014, 10:54 AM
  • Sep. 19, 2013, 10:51 AM
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  • Jul. 5, 2013, 10:02 AM
    A number of life insurers are at (or very near) new 52-week highs thanks to today's sharp rise in interest rates which should allow investment at something closer to what's needed to meet their obligations. MetLife (MET +1.8%), Prudential (PRU +1.2%), Hartford (HIG +2.1%), Lincoln National (LNC +3.3%), Manulife (MFC +0.8%).
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  • Jun. 20, 2013, 10:07 AM
    What's outperforming this morning? Life insurers for one, with Manulife (MFC +2%) leading the way after an upgrade. These companies have a near-impossible time of meeting their investment bogies with long-term yields so low, so the 10-year close to 2.5% works better than 2.2% a day ago and 1.7% weeks ago. MetLife (MET +1.1%), Prudential (PRU -0.1%), Hartford (HIG unchanged), Sun Life (SLF +0.8%), Lincoln National (LNC +0.1%).
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  • Jun. 7, 2013, 11:37 AM
    Among the strongest performers in a strong market are insurers - particularly life insurers - on hope of a sustained rise in interest rates allowing better income on their investments (current holdings tend to be hedged meaning no losses). MetLife (MET +2%), Prudential (PRU +3%), Hartford (HIG +2.3%), Genworth (GNW +3.3%), Manulife (MFC +1.9%), Lincoln National (LNC +2.8%) Sun Life (SLF +1.4%), ING US (VOYA +2.8%). Insurer ETFs: KIE, though it is more exposed to P&C, IAK, KBWI, KBWP, though totally P&C focused.
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  • Feb. 10, 2012, 4:29 PM
    Manulife Financial (MFC -1.7%) ends the day lower after CIBC cut the shares to Sector Performer after trimming its FY EPS and book-value estimates. The firm notes Q4 profit disappointed, largely because new-business strain-costs related to writing new policies.
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  • Oct. 17, 2011, 5:05 PM
    Sun Life (SLF -10%), Canada's 3rd largest insurer, plunged after warning weak markets would cause a $621M Q3 loss, and took other Canadian insurers - including Manulife MFC -5.6% - with it. The companies are getting hit by a lethal combination of weak equity markets and nearly invisible bond yields.
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Company Description
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.
Sector: Financial
Industry: Life Insurance
Country: Canada