Manulife Financial's Promising Future
Tanner is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
The financial sector has been trying to find its footing over the last couple years and it looks as though it may have done just that. With many of the leaders in the life insurance sector's stock prices on the rise, I believe that Manulife Financial Corp. (NYSE: MFC) is set to be one company that presents great value right now. Manulife's stock price has been surging, up 15.18% in just the past three months, in part because of the strong fourth quarter numbers posted by the company. With the news of the DOW hitting all time highs being all over the headlines, it only plays into the hands of the financial industry. As investors look to dip their toes back into the stock market after the Great Recession, Manulife has been able to post strong wealth management sales. Having strong brand recognition, a quality that Warren Buffet cherishes, allows Manulife to regain the trust of consumers and continue to post strong growth in net income.This trend should pick up momentum as the company continues to increase its brand in Canada and Asia as well. The future looks bright for a company that has been able to withstand a down period in the economy. Even though its stock price has shown strong growth in the past year, there is still much room for growth. Manulife Financial's a company that has consistently generated cash value for its investors (a 5-year average dividend yield of 3.5%) and has strong growth estimates. At a time with optimism in the air, the financial service industry looks to benefit and Manulife Financials is just the company to do just that.