Canadian stock alert

CANA

CLOSING UPDATE: Manulife Financial increases further 0.2%, led Insurance - life sector higher 20 April 2018 18:18 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 increased 0.9% to trade at CAD23.99 vs. the Insurance - life sector which strengthened 4.8 points (or 0.4%) to 1,118.4. Representing a weighting of about 42.1% of the sector, the stock accounted for 88.6% of today's gain. Compared with the S&P/TSX 60 Index which rose 2.2 points (or 0.2%) in the day, this represented a relative price increase of 0.7%.

Bullish Signals:

+ The company is cash rich with Cash to Market Capitalisation at 33.6%.

+ The Brand Value represents an impressive 12.9% of the estimated Enterprise Value of CAD32.5 billion (US$25.7 billion).

Note

Manulife Financial today is at a discount of 12.8% to the 12-month high of CAD27.52 on 15 Jan, 2018. It is at a premium of 8.7% to the 12-month low of CAD22.07 on 18 May, 2017.

Bearish Signals:

The negative 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price dropped 3.1% in the last month.

Net profit margin has averaged 5.5% in the last 3 years. This is lower than the sector average of 5.7% and suggests a low margin of safety.

As per the Du Pont analysis, Return on Equity is less than stellar at 6.0%. Also, this has deteriorated from 7.8% last year.

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

Overvaluation:

Price to Book of 1.5 [0.2]

Dividend yield of 3.5% [4.4%]

Return on Equity 6.0% [8.3%]

Return on Assets 0.3% [0.5%]

TODAY'S ALERTS

Afternoon Alert: Manulife Financial increases 0.7%, leads Insurance - life sector higher

20 April 2018 14:44 EDT

Manulife Financial Corporation (TSX:MFC) has increased 0.7% to trade at CAD23.94 vs. the Insurance - life sector which strengthened 5.5 points (or 0.5%) to 1,119.0. Representing a weighting of about 42.0% of the sector, the stock accounted for 61.3% of today's gain. The shares have outperformed 84% of the market in the past week. Trading volume was 1.5 times average so far today.

Afternoon Alert: Manulife Financial keeps rising: up 2.8% in 3 days

20 April 2018 12:14 EDT

Manulife Financial Corporation (TSX:MFC) extended its gains on Friday, rising an additional 30.0c (or 1.3%) to trade at CAD24.07. Trading volume was 1.1 times average so far today.

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

ISIN: CA56501R1064

PermID: 4295862758

CIK: Manulife Financial Corporation

Source: www.BuySellSignals.com