Manulife Financial Corp T.MFC

Alternate Symbol(s): MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Financial Services Insurance - Diversified

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.

TSX:MFC - Post by User

Manulife Financial Corp > Overreaction

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Comment by pierrelebelon Nov 04, 2021 12:17pm

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Post# 34087232

RE:Overreaction

Yes, the lower price this morning is your typical overreaction.

Take a look at the trading chart of the last three months. There is a pretty clear channel between $24 and $25 (give or take a few cents). Today we are at the lower end of the channel.

I expect OSFI to allow banks and insurance companies to raise their dividend starting 2022 and MFC should raise its dividend by 10% or so to $0.31 per quarter.

I purchased 1,000 shares this morning at C$23.98 for long term investment (I am not a trader).

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