Manulife Financial Corporation (MFC): Today's Featured Insurance Loser
The
industry closed the day down 0.7%.
Old Republic International Corporation
(
),
Affirmative Insurance Holdings Inc
(
),
(
), and
(
) were all decliners today within the insurance industry with
Manulife Financial Corporation
(
) being today's featured insurance loser. Manulife Financial Corporation fell 28 cents (-2%) to $13.74 on average volume. Throughout the day, 3.5 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 4.3 million shares.
Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Canada, the United States, and Asia. Manulife Financial Corporation has a market cap of $22.9 billion and is part of the
sector. The company has a P/E ratio of six, below the average insurance industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 18.4% year to date as of the close of trading on Thursday.
TheStreet Ratings rates Manulife Financial as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.
- You can view the full Manulife Financial Ratings Report.
On the positive front,
(
),
(
),
(
), and
(
) were all gainers within the insurance industry with
(
) being today's featured insurance industry winner.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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