manulife financial corp (MFC:Toronto)
manulife financial corp (MFC) Snapshot
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Open
C$15.90
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Previous Close
C$16.23
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Day High
C$16.10
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Day Low
C$15.80
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52 Week High
05/22/13 - C$16.50
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52 Week Low
07/25/12 - C$10.18
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Market Cap
29.5B
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Average Volume 10 Days
6.8M
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EPS TTM
C$0.61
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Shares Outstanding
1.8B
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EX-Date
05/10/13
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P/E TM
26.4x
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Dividend
C$0.52
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Dividend Yield
3.24%
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Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. Its products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds, and banking products. The company also offers retirement products to group benefit plans; reinsurance services, such as property and casualty retrocession; and asset management services to institutional customers. It markets its products under the Manulife Financial and John Hancock brand names. The company provides its products and services through various distribution channels, including insurance agents and brokers, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants, and banks. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.
manulife financial corp (MFC) Top Compensated Officers
manulife financial corp (MFC) Key Developments
AMMB Holdings Berhad (KLSE:AMBANK) intends to finalize stake sale in AmLife Insurance Berhad by June, 2013. Managing Director of AMMB, Ashok Ramamurthy stated that it is still in talks with interested international parties. He said: "We have a process in place and hopefully will conclude [the sale] by the first quarter of the current financial year, which is June 2013. As we get closer to an agreement, we will be in a better position to comment on it." It has been reported that MetLife, Inc. (NYSE:MET) and Manulife Financial Corporation (TSX:MFC) have expressed interest in acquiring up to 70% stake in AmLife. The stake is valued at about $350 million. Zurich Insurance Group AG (SWX:ZURN), Pacific Century Group Holdings Limited, ACE Limited (NYSE:ACE) and two Japanese insurers have also expressed interest in acquiring stake in AmLife.
Manulife Financial Corporation (TSX:MFC) and MetLife, Inc. (NYSE:MET) are among the possible bidders to acquire a majority stake in AmLife Insurance Berhad. Zurich Insurance Company South Africa Limited (JSE:ZSA), Pacific Century Group Holdings Limited, ACE Limited (NYSE:ACE) and two underwriters from Japan were also participating in the bidding. According to the news report, These firms have placed their first-round of bids to buy up to 70% stake in AmLife Insurance, in a deal valued at nearly $350 million.
People close to the matter, seeking anonymity, stated that Manulife Financial Corporation (TSX:MFC) and MetLife, Inc. (NYSE:MET) are among the potential suitors to submit first-round bids for AMMB Holdings Berhad (KLSE:AMBANK). They added that deal that could be worth up to $350 million. Zurich Insurance Group AG (SWX:ZURN) is also among the bidders, people mentioned. Additionally they stated that Pacific Century Group Holdings Limited, ACE Limited (NYSE:ACE), and two Japanese insurers are among the other firms that are said to have submitted preliminary bids before deadline of May 8, 2013. The news report mentioned that officials with AMMB Holdings and the potential bidders declined comment.
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Industry Analysis
MFC
Industry Average
| Valuation | MFC | Industry Range |
| Price/Earnings | 32.2x |
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| Price/Sales | 0.9x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 31.2x |
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| TEV/Sales | NM | Not Meaningful |
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To contact MANULIFE FINANCIAL CORP, please visit www.manulife.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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