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Inv Reporter refreshes Manulife Financial buy

2019-12-13 19:36 ET - In the News

The Investment Reporter, in its Dec. 6, 2019, issue, refreshes its buy of Manulife Financial Corp., recently $26.06. The Reporter said buy 18 times from Dec. 14, 1999, to June 21, 2019, at prices ranging from $14.04 to $58.27 (the stock split 2:1 in May, 2006). Assuming an investment of $1,000 for each of the 18 buys, the $18,000 position would now be worth $23,766. Manulife Financial is a Canadian multinational insurance company and financial services provider. Manulife has delivered decent results so far this year. In the first nine months of 2019, the company had earnings of $4.5-billion, or $2.24 a share, compared with earnings of $4.3-billion, or $2.09 a share, in the same period of 2018. The company's shares are trading at just 8.7 times the company's expected 2019 earnings of $2.98 a share. Its annual dividend of $1 a share is equal to an attractive yield of 3.8 per cent. The Reporter says buy Manulife Financial for growth and income.

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