Canadian stock alert

CANA

CLOSING UPDATE: Manulife Financial increases 0.8%, led Insurance - life sector higher 15 January 2018 18:23 EST

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Manulife Financial, Canada's largest insurance - life company by market capitalisation, has increased 0.8% to trade at CAD27.42 vs. the Insurance - life sector which strengthened 6.5 points (or 0.5%) to 1,218.1. Representing a weighting of about 44.2% of the sector, the stock accounted for 64.3% of today's gain. Trading volume was 53% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 2.6 points (or 0.3%) in the day, this represented a relative price increase of 0.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.13 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last three months the stock has hit a new 52-week high ten times, pointing to a significant uptrend.

+ The price lifted 3.5% in the last week and 2.6% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Year-on-Year Earnings Growth of 34.3% [8.4%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 27.9%.

+ Net profit margin has averaged 8.9% in the last 3 years. This is better than the sector average of 5.9% and suggests a high margin of safety.

+ The Brand Value represents 7.8% of the estimated Enterprise Value of CAD52.8 billion (US$42.4 billion).

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity is less than stellar at 7.8%.

Overbought/Bearish:

The 1.3% discount to 12-month high of CAD27.77 against the 24.4% premium to 12-month low of CAD22.04 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 2 [0.2]

Dividend yield of 3% [4.0%]

Return on Assets 0.4% [0.5%]

TODAY'S ALERTS

Afternoon Alert: Manulife Financial keeps rising: up 4.4% in 5 days

15 January 2018 14:45 EST

Manulife Financial Corporation (TSX:MFC) extended its gains on Monday, rising an additional 44.50c (or 1.6%) to trade at CAD27.66. Trading volume was 63% of average so far today.

Afternoon Alert: Manulife Financial increases 1.1%, leads Insurance - life sector higher

15 January 2018 12:15 EST

Manulife Financial Corporation (TSX:MFC) has increased 1.1% to trade at CAD27.50 vs. the Insurance - life sector which strengthened 7.9 points (or 0.7%) to 1,219.5. Representing a weighting of about 44.3% of the sector, the stock accounted for 72.6% of today's gain. The shares have outperformed 83% of the market in the past week. Trading volume was 57% of average so far today.

RECENT ALERTS

Afternoon Alert: Manulife Financial in 4th consecutive rise, nears two-month high

12 January 2018 12:16 EST

Manulife Financial Corporation (TSX:MFC) extended its gains Friday, rising an additional 5.0c (or 0.2%) to trade at CAD27.18. The stock increased 0.64% on Wednesday and 1.12% on Thursday bringing its 4-day rise to 2.6%. It is now approaching its 42-day high of CAD27.28.

CLOSING UPDATE: Manulife Financial increases 1.1%, led Insurance - life sector higher

11 January 2018 18:21 EST

Manulife Financial, Canada's largest insurance - life company by market capitalisation, has increased 1.1% to trade at CAD27.13 vs. the Insurance - life sector which strengthened 2.6 points (or 0.2%) to 1,211.7. Representing a weighting of about 43.9% of the sector, the stock accounted for the gain. Trading volume was 81% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 3.0 points (or 0.3%) in the day, this represented a relative price increase of 0.8%.

Manulife Financial Corporation (T:MFC; TSE:MFC; N:MFC; CN:MFC)

ISIN: CA56501R1064

PermID: 4295862758

CIK: Manulife Financial Corporation

Source: www.BuySellSignals.com