MFC Stock Summary and Trading Ideas (Manulife Financial | NYSE:MFC)

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.

Manulife Financial trades on the NYSE stock market under the symbol MFC.

As of April 23, 2024, MFC stock price climbed to $23.59 with 1,206,283 million shares trading.

MFC has a beta of 1.17, meaning it tends to be more sensitive to market movements. MFC has a correlation of 0.37 to the broad based SPY ETF.

MFC has a market cap of $42.62 billion. This is considered a Large Cap stock.

In the last 3 years, MFC stock traded as high as $25.14 and as low as $14.92.

The top ETF exchange traded funds that MFC belongs to (by Net Assets): DFIV, DFIC, DFAI, DFAX, PXF.

MFC has outperformed the market in the last year with a return of +28.1%, while the SPY ETF gained +24.3%. In the last 3 month period, MFC beat the market returning +11.5%, while SPY returned +4.6%. However, in the most recent 2 weeks MFC has underperformed the stock market by returning -4.3%, while SPY returned -2.6%.

MFC support price is $23.15 and resistance is $23.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFC stock will trade within this expected range on the day.