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Manulife Financial ( (TSE:MFC) ) has provided an update.
On February 19, 2025, Manulife Financial Corporation announced a Normal Course Issuer Bid (NCIB) to repurchase up to 51.5 million common shares, equating to approximately 3% of its outstanding shares. This strategic move, approved by relevant authorities, aims to enhance shareholder value and maintain healthy regulatory capital ratios. The repurchase program is set to commence on February 24, 2025, and may continue until February 23, 2026, providing Manulife with flexibility in its capital management strategy.
More about Manulife Financial
Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. The company offers financial advice and insurance services globally, operating as Manulife in Canada, Asia, and Europe, and as John Hancock in the U.S. Through its Wealth & Asset Management division, Manulife provides investment, financial advice, and retirement plan services to a diverse clientele.
YTD Price Performance: -1.67%
Average Trading Volume: 2,026,724
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.56B
Learn more about MFC stock on TipRanks’ Stock Analysis page.
