Top 12 Extreme Value Stocks to Invest In Right Now

Page 4 of 11

8. Manulife Financial Corporation (NYSE:MFC)

Forward P/E Ratio: 9.89

Earnings Growth This Year: 7.90%

Earnings Growth Next Year: 9.90%

Number of Hedge Fund Holders: 26

Manulife Financial Corporation (NYSE:MFC) is a Canada-based financial services provider that offers financial advice and insurance products. Its products include individual life insurance, long-term care insurance, and annuity products. Moreover, it also offers mutual funds, education savings plans, and retirement savings plans.

On February 24, DBS analyst Ken Shih maintained a Buy rating on the stock with a price target of HK$280. In 2024, Manulife Financial Corporation (NYSE:MFC) experienced significant growth and achieved record core earnings exceeding $7 billion, primarily driven by its Asia and Global Wealth and Asset Management businesses. These segments contributed to 70% of the company’s core earnings, marking a 10% increase from 2023. Moreover, the growth was supported by record Annualized Premium Equivalent sales, new business Contractual Service Margin, and new business value in Asia.

Manulife Financial Corporation (NYSE:MFC) has been investing in digital initiatives, including the launch of a generative AI sales tool in Asia and a new retail wealth platform in Canada. The company has generated over $600 million of benefits from digital initiatives globally in 2024. It is one of the top extreme-value stocks to invest in right now.

Page 4 of 11