Why Is Manulife (MFC) Up 0.8% Since Last Earnings Report?

Zacks12-07

A month has gone by since the last earnings report for Manulife Financial (MFC). Shares have added about 0.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489514642?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/9tpS8u8rAmiEoUItmUZeOA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/090f58c1efbe3555b861102525e50b39","is_english":true,"pubTime":"2024-12-07 00:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2489514642","market":"us","top_or_hot":-1,"title":"Why Is Manulife (MFC) Up 0.8% Since Last Earnings Report?","media":"Zacks","content":"<div>\n<p>A month has gone by since the last earnings report for Manulife Financial (MFC). Shares have added about 0.8% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-manulife-mfc-0-8-163121248.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Manulife (MFC) Up 0.8% Since Last Earnings Report?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Manulife (MFC) Up 0.8% Since Last Earnings Report?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-07 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-manulife-mfc-0-8-163121248.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Manulife Financial (MFC). Shares have added about 0.8% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-manulife-mfc-0-8-163121248.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VOYA","symbol_name":"Voya Financial, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/why-manulife-mfc-0-8-163121248.html","article_id":"2489514642","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9tpS8u8rAmiEoUItmUZeOA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/090f58c1efbe3555b861102525e50b39"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489514642","pubTimestamp":1733502681,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Manulife Financial . Shares have added about 0.8% in that time frame, underperforming the S&P 500.Global Wealth and Asset Management’s core earnings came in at $365 million , up 35.6% year over year, driven by higher net fee income from favorable market impacts and positive net flows, favorable tax true-ups and benefits and continued expense discipline.Asia division’s core earnings totaled $332 million , up 14% year over year, reflecting continued business growth momentum and benefits from updates to actuarial methods and assumptions in 2023 and 2024. Asia generated 64%, 45% and 55% year-over-year growth in APE sales, new business CSM and NBV, respectively, reflecting higher sales volumes in Hong Kong, mainland China, Singapore and Japan.Manulife Financial’s Canada division core earnings of $302 million  were down 0.6% year over year. APE sales and NBV were down 20% and 7%, respectively, while new business CSM increased 86% due to ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VOYA":"Voya Financial, Inc.","MFC":"宏利金融"},"translate_title":"为什么宏利(MFC)自上次盈利报告以来上涨了0.8%？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFC":1,"VOYA":0.9},"content_text":"A month has gone by since the last earnings report for Manulife Financial (MFC). Shares have added about 0.8% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Manulife due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. \nManulife Financial Q3 Earnings Beat on Solid Asia BusinessManulife Financial Corporation delivered third-quarter 2024 core earnings of 73 cents per share, which beat the Zacks Consensus Estimate by 4.3%. The bottom line improved 5.7% year over year. Core earnings of $1.3 billion (C$1.8 billion) remained unchanged year over year. The results reflected strong business growth led by Global WAM and Asia, and a lower net charge in the provision for Expected Credit Loss (ECL), more than offsetting the impacts of GMT and reinsurance transactions closed earlier this year.New business value (NBV) in the reported quarter was $618 million (C$843 million), up 38.2% year over year, attributable to higher sales volumes in Asia and U.S. divisions. New business contractual service margin (“CSM”) of $556 million (C$759 million) rose 47% year over year.Annualized premium equivalent (APE) sales increased 40% year over year, attributable to higher sales in Asia and the U.S. division. Wealth and asset management assets under management and administration were $705.8 billion (C$963 billion), up 17.2% year over year. The Wealth and Asset Management business generated net inflows of $3.8 billion (C$5.2 billion), up from net outflows of $0.8 billion in the year-ago quarter.Core return on equity, measuring the company’s profitability, contracted 20 basis points year over year to 16.6%. Life Insurance Capital Adequacy Test ratio was 137% as of Sept. 30, 2024, which remained unchanged from Dec. 31, 2023. Adjusted book value per common share was $34.97, up 14% year over year.\nSegmental Performance\nGlobal Wealth and Asset Management’s core earnings came in at $365 million (C$499 million), up 35.6% year over year, driven by higher net fee income from favorable market impacts and positive net flows, favorable tax true-ups and benefits and continued expense discipline.Asia division’s core earnings totaled $332 million (C$453 million), up 14% year over year, reflecting continued business growth momentum and benefits from updates to actuarial methods and assumptions in 2023 and 2024. Asia generated 64%, 45% and 55% year-over-year growth in APE sales, new business CSM and NBV, respectively, reflecting higher sales volumes in Hong Kong, mainland China, Singapore and Japan. Manulife Financial’s Canada division core earnings of $302 million (C$412 million) were down 0.6% year over year. APE sales and NBV were down 20% and 7%, respectively, while new business CSM increased 86% due to strong individual insurance and segregated fund sales. The U.S. division reported core earnings of $221 million (C$302 million), down 9.8% year over year. The decrease was primarily due to lower investment spreads, the impact from the previously completed reinsurance transaction and the annual review of actuarial methods and assumptions. It was partially offset by a lower charge in the ECL provision and more favorable claims experience in life.APE sales, new business CSM and NBV were 23%, 30% and 36%, respectively, reflecting a rebound in demand from affluent customers for accumulation insurance products.\nHow Have Estimates Been Moving Since Then?\nIt turns out, fresh estimates flatlined during the past month.\nVGM Scores\nCurrently, Manulife has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.\nOverall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nManulife has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nPerformance of an Industry Player\nManulife belongs to the Zacks Insurance - Life Insurance industry. Another stock from the same industry, Voya Financial (VOYA), has gained 1% over the past month. More than a month has passed since the company reported results for the quarter ended September 2024.\nVoya reported revenues of $289 million in the last reported quarter, representing a year-over-year change of +2.9%. EPS of $2.12 for the same period compares with $2.07 a year ago.\nFor the current quarter, Voya is expected to post earnings of $2.11 per share, indicating a change of +7.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.7% over the last 30 days.\nThe overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Voya. Also, the stock has a VGM Score of C.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nManulife Financial Corp (MFC) : Free Stock Analysis Report\nVoya Financial, Inc. (VOYA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489514642"}