Manulife Financial Stock News

Manulife Financial (TSE:MFC) (NYSE:MFC) had its target price raised by Evercore from C$28.50 to C$29.50 in a research report report published on Tuesday, BayStreet.CA reports. MFC has been the topic of a number of other research reports. Scotiabank lifted their price target on Manulife Financial from C$28.00 to C$30.00 in a report on Tuesday. TD []

AM Best has commented that the Credit Ratings (ratings) of Manulife Financial Corporation (MFC) (Toronto, Canada) (NYSE: MFC ) and its subsidiaries remain unchanged following the Nov. 15, 2021, announcement that the company has entered into an agreement to reinsure a significant portion more than 75% of its legacy U.S. variable annuity (VA) block to Venerable Holdings Inc. The block consists mainly of policies with guaranteed minimum withdrawal benefit riders. The reinsurance deal is expected to close during first-quarter 2022. The transaction is in line with MFC''s previously announced strategy of identifying opportunities to de-risk its liability profile by transferring all or a portion of higher risk and more capital-intensive businesses to third parties, as well as pursuing other internal measures to improve business performance. AM Best believes that MFC''s reinsurance agreement with Venerable Holdings Inc. is a net positive as it is Full story available on Benzinga.com

Manulife Financial (MFC) has been listed on the Dow Jones Sustainability Index (DJSI) North America again this year. Manulife is one of only The post Manulife Listed On 2021 Dow Jones Sustainability Index appeared first on Smarter Analyst .

Manulife Financial (NYSE:MFC) (TSE:MFC) had its target price hoisted by analysts at TD Securities from C$36.00 to C$37.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has a buy rating on the financial services providers stock. MFC has been the topic of a number of other research reports. Credit []

Manulife Financial (NYSE:MFC) (TSE:MFC) had its target price raised by equities research analysts at Scotiabank from C$28.00 to C$30.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a sector perform rating on the financial services providers stock. A number of other brokerages have also commented on MFC. Zacks []

Manulife Financial (NYSE:MFC) (TSE:MFC) had its price target hoisted by analysts at National Bank Financial from C$27.00 to C$28.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a sector perform rating on the financial services providers stock. A number of other research analysts have also recently commented on []

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective raised by equities research analysts at National Bankshares from C$27.00 to C$28.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the financial services providers stock. National Bankshares target price would indicate a potential upside of 9.85% from []

Manulife's (MFC) John Hancock Life Insurance Company (U.S.A.) reinsures about 76% of its legacy U.S. Variable Annuity (VA) block to Corporate Solutions Life Insurance Company, a subsidiary of Venerabl

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Equities researchers at Cormark lowered their Q2 2022 earnings estimates for shares of Manulife Financial in a report issued on Tuesday, November 16th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $0.93 for the quarter, down from their previous estimate []

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) Senior Officer Steve Finch sold 12,896 shares of the stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of C$24.96, for a total transaction of C$321,845.47. Following the completion of the sale, the insider now directly owns 9,120 shares of the []

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective hoisted by investment analysts at Evercore ISI to C$29.50 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage presently has an in-line rating on the financial services providers stock. Evercore ISIs price target indicates a potential upside of 14.30% []

Manulife Financial (NYSE:MFC) (TSE:MFC) had its target price lifted by research analysts at Credit Suisse Group from C$26.00 to C$28.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has a neutral rating on the financial services providers stock. A number of other equities analysts also recently commented on MFC. BMO []

Manulife said it plans to deploy ''a significant portion'' of the capital to buy back shares

--Venerable Holdings, Inc., the leader in providing innovative risk transfer solutions to variable annuity issuers, today announced a transaction with Manulife Financial Corporation to reinsure approximately US $22 billion of variable annuity business from its U.S. subsidiary John Hancock. John Hancock will retain administration of the block as part of The post Venerable Enters into Reinsurance Agreement with Manulife Financial Corporation appeared first on InsuranceNewsNet .