Manulife Financial (MFC)

• Market cap: $52.8B
• 1 day: 0.83%
• 5 days: -1.53%
• 1 month: -5.72%
• 3 months: 5.42%
• 6 months: 17.83%
• Year to date: 38.94%
• 1 year: 40.35%
• 5 years: 51.05%
• 10 years: 59.38%

About: Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.

Employees: 38,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 42

4% more funds holding

Funds holding: 629 [Q2] → 653 (+24) [Q3]

4% more capital invested

Capital invested by funds: $24B [Q2] → $24.9B (+$860M) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 222

3.4% less ownership

Funds ownership: 50.21% [Q2] → 46.8% (-3.4%) [Q3]

11% less funds holding in top 10

Funds holding in top 10: 18 [Q2] → 16 (-2) [Q3]

69% less call options, than puts

Call options by funds: $171M | Put options by funds: $550M