Manulife Financial Corp. (NYSE: MFC)’s stock price has decreased by -1.22 compared to its previous closing price of 19.29. However, the company has seen a 0.55% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-16 that Redesigning and repricing of products and services and a rising rate environment are likely to help life insurers like MFC, RGA, VOYA and PRI as the companies invest heavily in digitization.
Is It Worth Investing in Manulife Financial Corp. (NYSE: MFC) Right Now?
Manulife Financial Corp. (NYSE: MFC) has a price-to-earnings ratio of 9.50x that is above its average ratio. Additionally, the 36-month beta value for MFC is 1.09. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for MFC is $21.13, which is $2.07 above the current price. The public float for MFC is 1.83B and currently, short sellers hold a 0.90% ratio of that float. The average trading volume of MFC on November 21, 2023 was 3.05M shares.
MFC’s Market Performance
MFC stock saw an increase of 0.55% in the past week, with a monthly gain of 8.82% and a quarterly increase of 6.87%. The volatility ratio for the week is 1.51%, and the volatility levels for the last 30 days are 1.74% for Manulife Financial Corp. (MFC). The simple moving average for the last 20 days is 4.45% for MFC stock, with a simple moving average of 1.06% for the last 200 days.
MFC Trading at 3.62% from the 50-Day Moving Average
After a stumble in the market that brought MFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.59% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +9.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.82% upper at present.
During the last 5 trading sessions, MFC rose by +0.50%, which changed the moving average for the period of 200-days by -0.91% in comparison to the 20-day moving average, which settled at $18.32. In addition, Manulife Financial Corp. saw 6.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MFC
Current profitability levels for the company are sitting at:
- +67.35 for the present operating margin
The net margin for Manulife Financial Corp. stands at +45.89. The total capital return value is set at 15.07, while invested capital returns managed to touch 10.52. Equity return is now at value 10.41, with 0.68 for asset returns.
Based on Manulife Financial Corp. (MFC), the company’s capital structure generated 22.04 points at debt to equity in total, while total debt to capital is 18.06. Total debt to assets is 1.54, with long-term debt to equity ratio resting at 25.01. Finally, the long-term debt to capital ratio is 18.06.
When we switch over and look at the enterprise to sales, we see a ratio of 1.07, with the company’s debt to enterprise value settled at 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
In conclusion, Manulife Financial Corp. (MFC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.