Manulife Financial (NYSE:MFC) Azioni

Manulife Financial

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 Corporation Common Stock

Manulife Financial Corp

MICROWAVE FILTER CO INC by Microwave Filter Co., Inc.

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MEDICAL FACILITIES CORP by Medical Facilities Corp.

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Shares of financial companies are trading higher amid overall market strength after President Trump said he will not be firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be lower than the current one, which may lead to greater business and lending activity for financial institutions.

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Shares of financial companies are trading higher amid Treasury Secretary Scott Bessent's remarks about trade de-escalation with China, which may help restore investor confidence towards the sector.

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Janus Henderson Group plc Ordinary Shares

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Shares of companies in the broader financial services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Brighthouse Financial, Inc. - Common Stock

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Shares of insurance companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of companies within the broader financials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

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Shares of banks and financial services stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

This challenge is the second of three in a multiyear partnership to help shape the future of longevity innovation

News

Reported Earlier, Manulife And UpLink Launch Second Longevity Innovation Challenge To Accelerate Health And Wealth Solutions For Asia's Aging Population

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Shares of financial stocks are trading higher amid overall market strength on reports of potentially narrowed or targeted tariffs, which may be easing investor concerns.

Shares of companies in the broader financial services sector are trading higher amid an overall market rebound following recent weakness.

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Shares of banks and financial services stocks are trading higher amid an overall market rebound following recent weakness.

Shares of financial companies are trading lower amid President Trump's decision to implement tariffs, which may weigh on the economy, and decrease the likelihood of Fed rate hikes.

Shares of companies in the broader financial services sector are trading lower amid overall market uncertainty after president Trump confirmed Mar 4 tariffs.

Manulife Financial Corporation ("Manulife") announced today that it has&nbsp;entered into an automatic share repurchase plan (the "automatic plan") under which its designated broker will repurchase Manulife's common shares pursuant to its previously announced normal course issuer bid ("NCIB"). The actual number of common shares purchased under the automatic plan, the timing of such purchases and the price at which common shares are purchased will depend upon future market conditions. The automatic plan, which was pre-cleared by the TSX, provides for the potential repurchase of common shares at any time, including when Manulife ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules, or otherwise.

Buybacks

Manulife Initiates Automatic Share Repurchase Plan Under Normal Course Issuer Bid; No Terms Disclosed

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Shares of companies in the broader financial sector are trading lower amid overall market weakness on US consumer and economic concerns.

RBC Capital analyst Darko Mihelic maintains Manulife Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFC#NYSE">MFC</a>) with a Outperform and raises the price target from $49 to $51.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Manulife Financial, Raises Price Target to $51

U.S. stocks were lower, with the Dow Jones falling over 1% on Thursday.
Shares of Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) rose sharply during Thursday's session after the company reported third-quarter financial results and beat its adjusted EPADS and <a href="https://www.benzinga.com/news/earnings/25/02/43846533/alibaba-q3-earnings-revenue-and-eps-beat-eyes-global-e-commerce-profitability-in-fy25-increase-investments-in-ai">revenue estimates</a>.
The Jack Ma co-founded e-commerce giant reported fiscal third-quarter 2024 revenue growth of 8% year-on-year to $38.38 billion, beating the analyst consensus estimate of $38.19 billion. Adjusted earnings per ADS of $2.93 beat the analyst consensus estimate of $2.66. Adjusted net income rose 7% Y/Y to $7 billion.
Alibaba Group shares jumped 9.5% to $137.77 on Thursday.
Here are some other big stocks recording gains in today's session.
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<li>Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) shares jumped 42.5% to $8.01 after the company reported fourth-quarter EPS and revenue above estimates.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) gained 26.6% to $27.19 after the company reported better-than-expected quarterly financial results.</li>
<li>Pediatrix Medical Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MD#NYSE">MD</a>) rose 20.5% to $17.01 after the company reported better-than-expected quarterly financial results.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) gained 13.8% to $143.11 after the company determined that allegations from recent short seller reports were without merit and said it expects to file its 10-K on time.</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) gained 13.4% to $69.36 after the company reported better-than-expected quarterly financial results.</li>
<li>Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) rose 12.7% to $125.32 after the company reported quarterly EPS and revenue above estimates.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) gained 10.7% to $7.21 after the company reported better-than-expected quarterly sales.</li>
<li>Manulife Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFC#NYSE">MFC</a>) rose 7.3% to $31.96 after the company announced a dividend raise and a reduction in its shares outstanding through a normal course issuer bid.</li>
<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) gained 6.2% to $28.13. The company is preparing to launch its next-generation technologies aimed at improving optical connections within data centers and AI clusters.</li>
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Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43851159/how-to-earn-500-a-month-from-newmont-stock-ahead-q4-earnings">How To Earn $500 A Month From Newmont Stock Ahead Of Q4 Earnings</a></li>
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Intraday Update

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Alibaba, Hasbro, Shake Shack, Bausch Health And Other Big Stocks Moving Higher On Thursday

Manulife Financial shares are trading higher after the company announced a dividend raise and a reduction in its shares outstanding through a normal course issuer bid.

Manulife's Board of Directors today announced an increase of 10.0% or 4 cents per share to its quarterly common shareholders' dividend resulting in a dividend of $0.44 per share on the common shares of Manulife, payable on and after March 19, 2025, to shareholders of record at the close of business on March 5, 2025.

Dividends

On February 19, 2025, Manulife Increased Common Shareholders' Dividend From C$0.40 To C$0.44 Per Share

Earnings

On February 19, 2025, Manulife Financial Reported Q4 2024 Adj. EPS $0.74, Sales $1.530B (Converted To USD)

Manulife Financial Corporation ("Manulife") announced today that it intends to launch a Normal Course Issuer Bid ("NCIB") permitting the purchase for cancellation of up to 51.5&nbsp;million of its common shares, representing approximately 3%&nbsp;of Manulife's issued and outstanding common shares. As at February 12, 2025, Manulife had 1,723,281,035&nbsp;common shares issued and outstanding.&nbsp; Manulife has received approval for the NCIB from the Office of the Superintendent of Financial Institutions Canada and from the Toronto Stock Exchange ("TSX").

On February 19, 2025, Manulife Announced Normal Course Issuer Bid Permitting The Purchase For Cancellation Of Up To 51.5M Of Its Common Shares, Representing ~3% Of Manulife's Issued And Outstanding Common Shares

Insurance

Press Releases

Manulife and UpLink, a World Economic Forum Initiative, Launch the 'Innovating for Asia's Demographic Future Challenge'

Manulife releases updated statistical information package template

Manulife cautions investors regarding New York Stock and Bond LLC offer for shares

Manulife announces intention to redeem 2.237% Fixed/Floating Subordinated Debentures

Mutual Funds

Manulife Investment Management Limited Announces the Launch of Two Global Core Funds and Additional Fee Reductions

Manulife Appoints Stephanie Fadous Chief Actuary

Manulife Investment Management Closes Manulife Private Equity Partners III in partnership with Ardian

Nearly 15 Per Cent Rise in Canadian Women Using Fertility Drugs, New Manulife Canada Data Shows

Manulife Investment Management Announces April 2025 Cash Distributions for Manulife Exchange Traded Funds and ETF Series of Manulife Funds

Comments

Manulife Financial

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PARTNER/COLLABORATORE

BENZINGA NEL MONDO