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Compiling comments that experts make about stocks while on public TV.

Manulife Financial Stock Symbol: MFC-T

Last Price Recorded: $17.3500 on 2016-06-24

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Date Signal Expert Opinion Price
2016-06-24 COMMENT Barry Schwartz

It is hard for him to get excited about this company. Just when it seems that they are out of the woods, something else happens. The issue for life insurance is the weak Cdn$, low interest rates and that the stock market hasn’t taken off. Trading at 0.9X BV, which would probably be of interest to a deep value investor.


Price:
$17.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-23 HOLD Stan Wong

Switch to something better? If you own, stick with it for the time being. Shares are still moving sideways, but starting to inch up. It is still technically below the 200 day moving average, which is not a great long-term signal, but since Feb-April, it is trying to move higher, and he is seeing higher highs and higher lows. A cheap stock at 10X earnings. Dividend yield of 3.95%.


Price:
$18.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-21 COMMENT Zachary Curry

In terms of life insurers, this is arguably one of the best. Under the new CEO, they have separated into 2 focuses, their core business and their investment side. With lifecos, low rates are very detrimental to them and volatility in the stock market is not good. With a company like this, they really need to focus on the core business. A good place to be and a good company.


Price:
$18.400
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-06-20 HOLD John Zechner

He owns this because of earnings, valuation, the global diversification, growth, etc. However, it has underperformed. The market concept is that life insurance companies benefit more in a higher or rising interest rate environment. Janet Yellin and Central bankers globally have taken any chance of US rate increases down dramatically. The stock is fine. You go through these hiccups. Thinks it is a better play today than Canadian bank stocks.


Price:
$18.370
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-06-20 BUY James Telfser

Got quite constructive on this after they reported that energy was making up a bigger part of their portfolio and they were seeing some write-downs and things that were impacting their overall Book. This means they have to reserve more which is good for their capital measures or for their ROE. He saw it as a buying opportunity. Relatively undervalued and is a strong dividend paying stock that will continue to grow its dividend as we come out of this cyclical low in energy.


Price:
$18.370
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-06-17 PAST TOP PICK Greg Newman

(A Top Pick June 18/15. Down 21.22%.) This has been disappointing, because operationally they did exactly what he thought, but their energy book has really hurt them. Have been up about 12%, and he models that they continue to grow 12% over the next couple of years operationally. They have dividend growth and he continues to see it growing at 11% annually with a 42% payout ratio. Very cheap relative to its peers. Still a Hold.


Price:
$17.970
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2016-06-17 SELL Norman Levine

This would benefit from higher interest rates. Of the 3 biggest Canadian lifecos, this is his least favourite. Thinks the management and its assets is the weakest of the 3. His preferred choice is Sun Life (SLF-T) followed by Great West Life (GWO-T). If you own this he would switch into Sun Life.


Price:
$17.970
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-16 COMMENT Paul Harris, CFA

Insurance businesses are not expensive stocks, and they certainly pay very strong yields. The tough issue is with lower rates. These companies have a very, very difficult time. This company not only has a good asset management business, but has grown a very strong franchise in Asia, which is a strong growth area for them. However, he doesn’t see where growth comes from and doesn’t think they can change dramatically in this low rate environment over the next little while.


Price:
$18.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-06-14 COMMENT David Burrows

This has been under a little pressure over the last few weeks after a nice rally off the lows in February. A concern for the life sector is, what is going on with interest rates. There is $10 trillion or more of sovereign debt that now pays a negative yield. A lot of the returns that insurance companies get to pay their obligations, comes from buying and holding sovereign debt. When interest rates are very low, it makes it hard for them to generate the kind of return they need to meet their obligations. As a company, it is doing a great job and growing in multiple markets, but right now it is being negatively impacted by a little cloud over the insurance group. Prefers something that would benefit in the current environment.


Price:
$17.850
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-13 COMMENT John Stephenson

Generally, most people think it is very attractive and the analysts are very positive on it. Has got its house in order and is a good company, but he is trying to avoid financials in general. There have been pressures with all financials for a week or so now, because of the possibility of Britain exiting the euro zone (BREXIT). Even if we get through this, the Italians and the Spaniards will be going to the polls as well this year.


Price:
$17.970
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
No
2016-06-09 HOLD Michael Smedley

Flat lined since they reported a $Billion in profits.  One of the great blue chips in Canada. It is in all portfolios so they don’t need to buy more.  More than 50% held by institutions.  The big drive is in things like gold so you have to be patient with it.


Price:
$18.550
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2016-06-09 TOP PICK Douglas Kee

This has been an underperformer versus the other insurance companies. The surprise this year is that they took a hit on their energy portfolio, that was some credit problems as well as an equity investment. Trading at BV and about 9.5X earnings. Inexpensive versus its peers. The longer-term outlook is that the traditional insurance business in North America is growing, and would grow a lot faster if interest rates went up. Has a good wealth management business that is growing. Also, have Asia which is a real attraction. Dividend yield of 3.39%.


Price:
$18.550
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2016-06-08 COMMENT Mike S. Newton, CIM FCSI

They surprised him with the exposure that they had to energy. That has really driven them down so far this year. They have a pretty good capital position. Asia is still a big lever for them. He is lukewarm on the name.


Price:
$19.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-06-07 COMMENT David Driscoll

Doing fine on the life insurance side, but by offering annuities at 3%-4% and can’t make that kind of return, then obviously the business is not going to grow. Insurance companies need interest rates to rise. He prefers Chubb (CB-N) which, on a BV basis, is growing at roughly 10% a year despite all the competition, because they are very good underwriters and efficient at what they do. It has also helped them raise their dividends at 10% per year.


Price:
$19.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-06-06 DON'T BUY Barry Schwartz

Banks have recovered from 2009 but not MFC-T.  There is still no recovery in sight.  It is trading at book value.  Their Asia business is on fire, but it is too difficult for him to analyze so he does not own it.  Stick with Canadian banks.


Price:
$19.040
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 1,523 entries
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