Canadian stock alert
CLOSING UPDATE: Manulife Financial decreases 0.3%, led Insurance - life sector lower all day 18 October 2017 18:16 EDT
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 decreased 0.3% to trade at CAD25.86 vs. the Insurance - life sector which weakened 2.7 points (or 0.2%) to 1,201.5. Representing a weighting of about 42.2% of the sector, the stock accounted for 66.4% of today's loss. Trading volume was 42% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 2.0 points (or 0.2%) in the day, this represented a relative price change of -0.1%.
Technical indicators complementing today's significant downtrend:
+ The price decreased 0.2% in the last week.
+ The 0.9% discount to 12-month high of CAD26.10 against the 37.5% premium to 12-month low of CAD18.81 suggests the climb might be peaking.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price to Book of 1.8 [0.2]
+ Dividend yield of 3.1% [4.0%]
+ Return on Equity 7.8% [10.6%]
+ Return on Assets 0.4% [0.6%]
Other Bearish Signals include:
+ As per the Du Pont analysis, Return on Equity is less than stellar at 7.8%.
The positive 0.35 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
The company is cash rich with Cash to Market Capitalisation at 29.6%.
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 an impressive 8.3% of the estimated Enterprise Value of CAD49.6 billion (US$39.8 billion).
Afternoon Alert: Manulife Financial decreases 0.3%, leads Insurance - life sector lower
18 October 2017 14:44 EDT
Manulife Financial Corporation (TSX:MFC) has decreased 0.3% to trade at CAD25.86 vs. the Insurance - life sector which weakened 2.5 points (or 0.2%) to 1,201.7. Representing a weighting of about 42.1% of the sector, the stock accounted for 69.6% of today's loss. Trading volume was 95% of average so far today.
Manulife Financial Corporation (T:MFC; TSE:MFC; N:MFC; CN:MFC)
CIK: Manulife Financial Corporation