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Manulife Financial Corporation (MFC) provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States.
Its products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds, and banking products.
The company also offers retirement products to group benefit plans; reinsurance services, such as property and casualty retrocession; and asset management services to institutional customers. It markets its products under the Manulife Financial and John Hancock brand names.
The company provides its products and services through various distribution channels, including insurance agents and brokers, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants, and banks.
Shares have formed a bullish "cup & handle." We are now hearing rumors of good news for this company.
One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $11.96 - $19.04
Entry Point: $19.04
Stop Loss: $18.07
Target Price: $20.94
MFC closed after it failed to reach its target price in 30 days or less.
