Manulife Financial Corp
Manulife Financial Corp (MFC) is listed on NYSE and classified in Insurance - Life, part of the Financial Services sector. It is headquartered in Toronto, Canada and has 37,000 employees. The company is worth $75.47B and trades at 17.0x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$53.01B in fiscal 2025. Net income was CA$5.78B. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.98%, and has raised its annual dividend for 12 years in a row in our records. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $97.43M. In that quarter, 1 of them opened or added to the position and 6 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +147.0% over 5Y.
today you would have $2,827.07▲ +182.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $36.28 | $30.71 | $22.10 | $17.84 | |
| EPS | CA$3.07 | CA$2.84 | CA$2.61 | CA$3.68 | |
| Dividend yield | 4.34% | 1.71% | 3.81% | 4.86% | 5.71% |
| Profit margin | -42.98% | 10.91% | -77.26% | -77.63% | -8.69% |
| ROE | 11.14% | 11.35% | 10.93% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BAMBrookfield Asset Management Ltd. | $47.64 | 27.4x | 10.1x | 4.22% | 26.77% | $76.09B |
| LYGLloyds Banking Group plc | $5.38 | 12.8x | 5.7x | 4.09% | 11.34% | $77.12B |
| BCSBarclays PLC | $22.01 | 8.5x | 3.5x | 2.82% | 10.09% | $73.36B |
| NUNu Holdings Ltd. | $14.73 |
| 11.55% |
| -4.49% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.2% a year against a 7.7% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-22.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 20.5x |
| 5.4x |
| 0.00% |
| 31.63% |
| $71.16B |
| AJGArthur J. Gallagher & Co. | $270.98 | 44.9x | 2.9x | 1.03% | 6.72% | $69.46B |
| APOApollo Global Management, Inc. | $114.83 | 41.2x | 3.4x | 1.96% | 11.41% | $67.81B |