manulife financial
Toronto symbol MFC, sells life and other forms of insurance, as well as mutual funds and investment management services. It operates in 19 countries and territories worldwide.
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day, at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
MANULIFE FINANCIAL $21.20 (Toronto symbol MFC; Shares outstanding: 1.9 billion; Market cap: $40.0 billion; TSINetwork Rating: Above Average; Dividend yield: 2.9%; www.manulife.ca) has agreed to buy the Canadian insurance operations of U.K.-based Standard Life plc for $4 billion. In all, Standard Life has about 2,000 employees across Canada, along with 1.4 million clients and $52.0 billion of assets under management. To put that in perspective, Manulife has $637 billion of assets under management. Standard Life has a strong presence in Quebec, mainly in Montreal and Quebec City. Manulife has long felt it was underrepresented in the province, where it operates under the Manuvie brand....
MANULIFE FINANCIAL $22.36 (Toronto symbol MFC; Shares outstanding: 1.9 billion; Market cap: $41.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.manulife.ca) sells insurance, mutual funds and wealth management services. The company operates globally and has $637 billion of assets under management.
The company has just announced strong quarterly results and a 19.2% dividend increase, to $0.155 a share from $0.13. The stock yields 2.8%.
This is the first hike since Manulife cut its payout by 50% in 2009 to preserve capital after 2008’s stock market declines.
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The company has just announced strong quarterly results and a 19.2% dividend increase, to $0.155 a share from $0.13. The stock yields 2.8%.
This is the first hike since Manulife cut its payout by 50% in 2009 to preserve capital after 2008’s stock market declines.
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MANULIFE FINANCIAL $22.36 (Toronto symbol MFC; Shares outstanding: 1.9 billion; Market cap: $41.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.manulife.ca) sells insurance, mutual funds and wealth management services. The company operates globally and has $637 billion of assets under management. The company has just announced strong quarterly results and a 19.2% dividend increase, to $0.155 a share from $0.13. The stock yields 2.8%. This is the first hike since Manulife cut its payout by 50% in 2009 to preserve capital after 2008’s stock market declines....
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ GREAT-WEST LIFECO INC. $32 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 998.9 million; Market cap: $32.0 billion; Price-to-sales ratio: 1.1; Dividend Yield: 3.8%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s secondlargest insurance company after Manulife Financial (Toronto symbol MFC). It also offers mutual funds, retirement planning and wealth management. Power Financial (Toronto symbol PWF) owns 67.0% of Great-West.
As of June 30, 2014, the company had $804.6 billion of assets under administration, up 6.1% from the start of the year.
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As of June 30, 2014, the company had $804.6 billion of assets under administration, up 6.1% from the start of the year.
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Great-West Lifeco and IGM are both in a strong position to profit as baby boomers sign up for retirement planning services and buy supplemental accident and disability insurance. Both companies also trade at low multiples to their earnings and will probably raise their dividends in 2015. They’re also a great way to diversify your Finance sector holdings beyond Canada’s big five banks. If you can accept the added risk, we also like Home Capital (see page 83). GREAT-WEST LIFECO INC. $32 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 998.9 million; Market cap: $32.0 billion; Price-to-sales ratio: 1.1; Dividend Yield: 3.8%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s secondlargest insurance company after Manulife Financial (Toronto symbol MFC). It also offers mutual funds, retirement planning and wealth management. Power Financial (Toronto symbol PWF) owns 67.0% of Great-West....
ISHARES S&P/TSX 60 INDEX FUND $21.94 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange. Expenses are just 0.17% of assets.
The index mostly consists of high-quality companies. However, it must ensure that all sectors are represented, so it holds a few we wouldn’t include.
The index’s top holdings are Royal Bank, 8.1%; TD Bank, 7.4%; Bank of Nova Scotia, 6.4%; Suncor Energy, 4.8%; CN Railway, 4.2%; Canadian Natural Resources, 3.9%; Bank of Montreal, 3.7%; Enbridge, 3.1%; Valeant Pharmaceuticals, 3.0%; Manulife Financial, 2.9%; CIBC, 2.8%; BCE, 2.7%; TransCanada Corp., 2.6%; Potash Corp., 2.5%; CP Rail, 2.2%; and Cenovus, 1.9%.
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The index mostly consists of high-quality companies. However, it must ensure that all sectors are represented, so it holds a few we wouldn’t include.
The index’s top holdings are Royal Bank, 8.1%; TD Bank, 7.4%; Bank of Nova Scotia, 6.4%; Suncor Energy, 4.8%; CN Railway, 4.2%; Canadian Natural Resources, 3.9%; Bank of Montreal, 3.7%; Enbridge, 3.1%; Valeant Pharmaceuticals, 3.0%; Manulife Financial, 2.9%; CIBC, 2.8%; BCE, 2.7%; TransCanada Corp., 2.6%; Potash Corp., 2.5%; CP Rail, 2.2%; and Cenovus, 1.9%.
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MANULIFE FINANCIAL $21.67 (Toronto symbol MFC; Shares outstanding: 1.9 billion; Market cap: $40.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.4%; www.manulife.ca) sells life and other forms of insurance, as well as mutual funds and investment management services. The company operates globally and has $635 billion of assets under management.
In the three months ended March 31, 2014, Manulife’s earnings per share rose 15.6%, to $0.37 from $0.32 a year earlier. Revenue gained 2.1%, to $9.0 billion from $8.8 billion, as its assets under management grew and its foreign operations benefited from favourable currency movements.
Manulife has made substantial progress cutting its U.S. insurance business’s exposure to unpredictable stock markets and interest rates.
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In the three months ended March 31, 2014, Manulife’s earnings per share rose 15.6%, to $0.37 from $0.32 a year earlier. Revenue gained 2.1%, to $9.0 billion from $8.8 billion, as its assets under management grew and its foreign operations benefited from favourable currency movements.
Manulife has made substantial progress cutting its U.S. insurance business’s exposure to unpredictable stock markets and interest rates.
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SUN LIFE FINANCIAL $39.88 (Toronto symbol SLF; Shares outstanding: 610.6 million; Market cap: $24.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.sunlife.ca) sells savings, retirement, pension and life insurance products to individuals and corporations. The company mainly operates in Canada, the U.S. and the U.K., but it continues to expand into Asia. It has $671.1 billion of assets under management. In August 2013, Sun Life sold its riskier, money-losing U.S. annuity business, which offers products that guarantee minimum long-term returns, even if markets fall....
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day, at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....