Manulife Financial (MFC)
Provides insurance, retirement, banking, and asset-management services across Asia and North America.
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Provides life and health insurance, retirement solutions, banking, and wealth and asset management across Asia, Canada, and the United States. Regional insurance brands and distribution networks feed a global investment platform, while reinsurance and in-force management reshape legacy long-term-care, annuity, and guarantee exposures.
Provides life and health insurance, retirement solutions, banking products, and wealth and asset management through four operating segments: Asia, Canada, U.S., and Global Wealth and Asset Management. The Manulife brand serves Canada and Asia, while John Hancock is the primary U.S. identity.
Combines regional insurance distribution with a global retail, retirement, and institutional investment platform spanning public and private markets. The Canadian business also includes Manulife Bank, and the U.S. operation maintains legacy long-term-care and annuity books alongside life insurance and insurance-based wealth solutions.
Growth priorities have emphasized Asia and fee-based wealth and asset management, while reinsurance and in-force management have reduced exposure in legacy guaranteed products. Earnings and capital remain shaped by insurance regulation, market sensitivity in guarantee books, and the performance of distribution networks across multiple jurisdictions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Dec 15, 2025 | Morgan Stanley | Target | Target: $47 | Target: $51 |
| Oct 7, 2025 | Morgan Stanley | Target | Target: $48 | Target: $47 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $26.90B · Total debt $10.02B · Total assets $776.19B · Shareholders' equity $37.79B
- Revenue
- $13.98B
- Operating income
- $1.97B
- Net income
- $1.55B
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 588.71% | 9.82B ADS | |
|---|---|---|---|
| 841 holders · as of Jun 30, 2026 | |||
| Adds to | 588.71% | ||
1.67B ADS as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
These groups come from separate filings that can overlap, so they add to 588.71%; nothing is left for Other.
This company has 15 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Royal Bank of CanadaInstitution | 84.14% | 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS · 108.02M ADS | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 44.22% | 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS · 56.77M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 37.74% | 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS · 48.45M ADS | as of Jun 30, 2026 |
TD Asset Management IncInstitution | 24.40% | 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS · 31.32M ADS | as of Jun 30, 2026 |
Mackenzie Financial CorpInstitution | 22.99% | 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS · 29.51M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Manulife Financial | $44.24 | +0.16% | $73.71B | 16.9 | 13.9 | 1.8 | +22.6% |
| Sun Life Financial | $80.68 | −0.04% | $44.72B | 19.3 | 19.2 | 1.4 | −84.6% |
| Prudential (ADR) | $25.41 | −1.70% | $32.16B | 9.1 | — | 1.1 | +19.4% |
| Prudential Financial | $118.32 | +0.56% | $40.83B | 10.6 | 8.4 | 0.6 | +2.8% |
| MetLife | $96.93 | +1.05% | $61.72B | 18.4 | 9.2 | 0.8 | +10.0% |
| Median | 14.5 | 9.2 | 0.9 | +6.4% |