Overview
Manulife Financial Corporation is a leading international financial services group headquartered in Canada, primarily operating in the life insurance and wealth management sectors. The company provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions globally. As a major player in the life insurance industry, Manulife also has significant operations in asset management, notably through its global division, Manulife Investment Management, which handles a wide range of investment services. Key projects include advancing digital transformation across its services, expanding its wealth and asset management portfolio, and enhancing sustainability initiatives to integrate ESG factors into its investment decisions. These strategic priorities aim to foster long-term growth and respond to the evolving needs of clients in various international markets.
Basic Stats
The share price of Manulife Financial Corporation as of September 5, 2025 is $30.66 / share. This is a decrease of -0.29% from the prior week. The market cap (or net worth) of Manulife Financial Corporation as of September 5, 2025 is $52,213.98 MM.
The Factor Analysis chart (below right) shows a view of Manulife Financial Corporation from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 52,213.98 MM |
| EV | |
| Shares Out. | 1,703.00 MM |
| Earnings Date | |
| EPS (TTM) | 3.55 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-08-20 |
| Borrow Rate | 0.25 |
| Short Shares Avail. | 5.30 MM |
| Short Interest | 23.70 MM |
| Short Float | 1.40 % |
| Days to Cover | 17.15 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 11.21 % |
| Volatility (1 yr) | 0.27 |
| Beta | 0.99 |
| Sharpe Ratio (1 yr) | 0.26 |
| Sortino Ratio (1 yr) | 0.40 |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | 0.01 |
| ROE | 0.12 |
| ROIC | 0.08 |
| CROIC | 0.02 |
| OCROIC | 0.38 |
| Implied Volatility | 20.35 % |
| Put/Call OI Ratio | 1.04 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Manulife Financial Corporation is $35.34. The forecasts range from a low of $32.03 to a high of $37.83. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Manulife Financial Corporation. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-12-19 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-12-12 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-12-11 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-09 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-30 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-08-29 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-08-16 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-08-15 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-08-11 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2023-08-11 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-10 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2023-08-10 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-10 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-10 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-09 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-09 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-09 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-08-08 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-05-12 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-12 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2023-05-12 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-05-11 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-11 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2023-05-11 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-05-11 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-10 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-10 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2023-05-10 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-05-09 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2023-05-09 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-04-17 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2023-04-12 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-03-29 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-02-23 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-02-17 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2023-02-17 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2022-11-11 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2022-11-10 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2022-11-10 | STA Research | Hold | Maintains | |
| 2022-11-10 | CIBC Capital Markets | Underperform | Maintains | |
| 2022-11-10 | Scotiabank Capital | Outperform | Maintains | |
| 2022-08-12 | Scotiabank Capital | Outperform | Maintains | |
| 2022-07-27 | STA Research | Hold | Maintains | |
| 2022-05-12 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-05-12 | BMO Financial | Hold | Initiate | |
| 2022-05-12 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-05-11 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-05-11 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2022-05-10 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2022-03-17 | STA Research | Hold | Initiate | |
| 2022-03-17 | Zacks Investment Research | Hold | Maintains | |
| 2022-03-17 | Morningstar | Hold | Maintains | |
| 2022-02-24 | CIBC Capital Markets | Underperform | Maintains | |
| 2022-02-10 | CIBC Capital Markets | Underperform | Maintains | |
| 2022-02-10 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-03 | Barclays | Overweight | Initiate | |
| 2022-01-25 | Morningstar | Hold | Maintains | |
| 2022-01-20 | CIBC Capital Markets | Underperform | Maintains | |
| 2021-11-16 | CREDIT SUISSE | Outperform | Neutral | Downgrade |
| 2021-11-16 | CIBC WM | Neutral | Maintains | |
| 2021-11-15 | CREDIT SUISSE | Outperform | Neutral | Downgrade |
| 2021-11-14 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2021-11-13 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2021-10-26 | CIBC World Markets | Neutral | Maintains | |
| 2021-10-25 | Canaccord Genuity | Buy | Initiate | |
| 2021-08-20 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-08-19 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-08-10 | Credit Suisse | Outperform | Neutral | Downgrade |
| 2021-08-06 | Canaccord Genuity | 29.5 | 30 | Upgrade |
| 2021-06-30 | CREDIT SUISSE | Outperform | Outperform | Maintains |
| 2021-06-30 | CIBC World Markets | Neutral | Maintains | |
| 2021-06-30 | RBC Capital | Sector Perform | Maintains | |
| 2021-06-29 | CREDIT SUISSE | Outperform | Outperform | Maintains |
| 2021-05-06 | RBC Capital | Outperform | Maintains | |
| 2021-04-20 | CIBC World Markets | Neutral | Maintains | |
| 2021-04-20 | RBC Capital | Outperform | Maintains | |
| 2021-02-12 | CIBC World Markets | Outperform | Initiate | |
| 2021-02-01 | Canaccord Genuity | 28 | 28.5 | Upgrade |
| 2021-01-29 | Credit Suisse | 23 | 25 | Upgrade |
| 2021-01-13 | Evercore ISI | 19.5 | 24.5 | Upgrade |
| 2020-11-13 | Canaccord Genuity | 24 | 25 | Upgrade |
| 2020-11-12 | Evercore ISI | 18 | 19.5 | Upgrade |
| 2020-08-20 | Morgan Stanley | 19 | 20 | Upgrade |
| 2020-07-24 | Canaccord Genuity | 22 | 23 | Upgrade |
| 2020-05-11 | Eight Capital | 26 | 25 | Downgrade |
| 2020-05-08 | National Bank Financial | Outperform Overweight | Sector Perform Overweight | Downgrade |
| 2020-03-23 | TD Securities | Buy | Action List Buy | Upgrade |
| 2020-02-14 | Canaccord Genuity | 35 | 33 | Downgrade |
| 2020-02-07 | Credit Suisse | Neutral | Initiate | |
| 2020-01-13 | Barclays | Overweight | Maintains | |
| 2019-11-27 | BMO Capital Markets | 33 | 34 | Upgrade |
| 2019-11-08 | BMO Capital Markets | 32 | 33 | Upgrade |
| 2019-11-08 | Canaccord Genuity | 33 | 34 | Upgrade |
| 2019-11-08 | CIBC World Markets | 27 | 29 | Upgrade |
| 2019-11-08 | Desjardins Securities | 29 | 31 | Upgrade |
| 2019-08-09 | Cormark Securities | 30 | 31 | Upgrade |
| 2019-08-09 | RBC Capital | Outperform | Initiate | |
| 2019-08-08 | Evercore ISI | 24.5 | 24 | Downgrade |
| 2019-05-03 | Morgan Stanley | 25 | 26 | Upgrade |
| 2018-11-09 | BMO Capital Markets | 32 | 31 | Downgrade |
| 2018-11-08 | Evercore ISI | In-Line | Reiterate | |
| 2018-11-08 | TD Securities | 29 | 30 | Upgrade |
| 2018-11-04 | CIBC World Markets | 25 | 26.5 | Upgrade |
| 2018-10-29 | CIBC World Markets | 30 | 25 | Downgrade |
| 2018-10-16 | Desjardins Securities | 29 | 27 | Downgrade |
| 2018-07-24 | Canaccord Genuity | Buy | Initiate | |
| 2018-07-11 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-07-10 | Evercore ISI Group | In-Line | Initiate | |
| 2018-05-04 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2018-04-12 | TD Securities | Hold | Buy | Upgrade |
| 2018-04-12 | Desjardins Securities | 30 | 28 | Downgrade |
| 2018-04-05 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-02-22 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-01-24 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2018-01-11 | Barclays | 30 | 31 | Upgrade |
| 2017-11-13 | Barclays | 29 | 30 | Upgrade |
| 2017-11-13 | Desjardins Securities | 28 | 30 | Upgrade |
| 2017-11-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2017-11-10 | BMO Capital Markets | Outperform | Reiterate | |
| 2017-11-01 | Credit Suisse | 28 | 31 | Upgrade |
| 2017-10-11 | BMO Capital Markets | Outperform | Reiterate | |
| 2017-10-05 | Morgan Stanley | Equal-Weight | Maintains | |
| 2017-05-05 | Sbank | Outperform | Maintains | |
| 2017-05-04 | TD Securities | Hold | Maintains | |
| 2017-02-10 | Sbank | Outperform | Maintains | |
| 2017-01-12 | Barclays | Overweight | Maintains | |
| 2016-11-15 | Credit Suisse | Outperform | Maintains | |
| 2016-11-11 | Sbank | Outperform | Maintains | |
| 2016-11-11 | TD Securities | Hold | Maintains | |
| 2016-11-11 | National Bank Financial | Outperform | Maintains | |
| 2016-11-11 | Desjardins Securities | Buy | Maintains | |
| 2016-11-11 | Canaccord Genuity | Hold | Maintains | |
| 2016-11-11 | RBC Capital | Outperform | Maintains | |
| 2016-11-08 | Sbank | Outperform | Maintains | |
| 2016-09-21 | Dundee | Buy | Initiate | |
| 2016-08-24 | Bank of America | Buy | Initiate | |
| 2016-08-04 | CIBC | Sector Outperform | Sector Perform | Downgrade |
| 2016-05-06 | TD Securities | Hold | Maintains | |
| 2016-02-16 | Sbank | Outperform | Maintains | |
| 2016-02-12 | National Bank Financial | Outperform | Maintains | |
| 2016-02-12 | BMO Capital Markets | Outperform | Maintains | |
| 2016-02-12 | Barclays | Overweight | Maintains | |
| 2016-02-12 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2014-08-08 | RBC Capital | Outperform | Maintains | |
| 2014-08-08 | Barclays | Outperform | Maintains | |
| 2014-08-08 | National Bank Financial | Outperform | Maintains | |
| 2014-01-28 | CIBC World Markets | Sector Outperform | Maintains | |
| 2014-01-23 | Credit Suisse | Outperform | Maintains | |
| 2013-12-05 | Barclays | Outperform | Maintains | |
| 2013-10-25 | TD Securities | Buy | Initiate | |
| 2013-08-20 | RBC Capital | Sector Perform | Maintains | |
| 2013-08-09 | RBC Capital | Sector Perform | Maintains | |
| 2013-08-09 | CIBC World Markets | Sector Outperform | Maintains | |
| 2013-08-09 | Canaccord Genuity | Buy | Maintains | |
| 2013-08-09 | Barclays | Outperform | Maintains | |
| 2013-08-09 | Cormark Securities | Buy | Market Perform | Downgrade |
| 2013-06-20 | BMO Capital | Market Perform | Outperform | Upgrade |
| 2013-06-18 | Barclays | Outperform | Maintains | |
| 2013-05-03 | CIBC World Markets | Sector Outperform | Maintains | |
| 2013-05-03 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2013-05-02 | Canaccord Genuity | Hold | Buy | Upgrade |
| 2013-01-14 | UBS | Neutral | Buy | Upgrade |
| 2013-01-07 | Canaccord Genuity | Hold | Maintains | |
| 2012-09-11 | UBS | Neutral | Maintains | |
| 2024-08-07 | TD COWEN | Buy | Buy | Maintains |
| 2024-08-06 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2024-08-06 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2024-07-29 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-07-23 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-05-09 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-03-24 | TD SECURITIES | Buy | Buy | Maintains |
| 2024-02-14 | TD SECURITIES | Buy | Buy | Maintains |
| 2024-02-13 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2024-01-21 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-12-19 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-12-18 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-12-11 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-12-10 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-08 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2025-02-26 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-02-26 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-02-19 | TD COWEN | Buy | Buy | Maintains |
| 2025-02-19 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-02-19 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2025-02-18 | JEFFERIES | Buy | Buy | Maintains |
| 2025-02-18 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-18 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-02-21 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-12-16 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2024-11-20 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2024-11-20 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-11-19 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-11-19 | TD COWEN | Buy | Buy | Maintains |
| 2024-11-07 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-10-29 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-08-08 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-07-17 | JEFFERIES | Buy | Buy | Maintains |
| 2025-07-13 | TD COWEN | Buy | Buy | Maintains |
| 2025-07-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-07-09 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-05-12 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-05-08 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-05-08 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2025-05-07 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
