These two Cdn. insurance companies large international operations, that I have mentioned in the past in this forum.
MFC and SLF came out with earnings for q4, own postions in both, and $44 P (cdn.) on Sunlife will also write some for MFC. for me these are long term holdings. main risk is may be dead money for 6 months as the market has MFC pe 17.7 and SLF at 15.7. 18 pe is about the high point the market would pay.
trade on New York and Toronto
1.15Cdn. = 1 US
MFC $72.67close hi 73.79 low 55.70
63.10US close hi 61.83 low 44.57US
2006 earings/share 4.85-5.10
div $1.40 yield 1.99%
30% earnings are from Canada the rest (most US), US, Asia.
5th biggest inusance company in the world.
4thq C $908 million $1.13/share up from $756 .92/share
Revenue increased $8.2 billion Cdn. up from $7.9billion.
ROE 15.5 up from 13%
raised quarterly div .35C was .30C
has $3 billion C (2.6US billon in Cash) and will generate about 2-3 billion in free cash flow each year.
are still working on the merger of John Hancock (2004) which is going well. so will not likely buy anything else for a while. so shareholder expect more dividend increases and share buybacks.
the stock made over 27% over 12 months.
would expect a 10-15% return a year, for the next 2-3 years. may be dead money for 6 months but a good stock.
Sunlife SLF
2006 earnings/ share $3.50
49.53 cdn.
43.06 close US high 43.35 low 29.87
raised quarterly div from 27.5cents from 25.5 cents.
profit Q4 .82/share $478 million up from $438 million
the company trade at a slightly cheaper valuation than MFC 15.7 compared to 17.7.
heard some analyst even state that Sunlife is second rate. to that all I will say is look at the 5 yr. chart on the stock. or since they became public.
Sunlife owns large US mutual fund company and 30% in CI funds Canada.
both are good stocks to own if you are looking at a financial stock to add to your portfolio. returns 10%+ on average. growing dividends and earnings
thanks
selkirk
MFC and SLF came out with earnings for q4, own postions in both, and $44 P (cdn.) on Sunlife will also write some for MFC. for me these are long term holdings. main risk is may be dead money for 6 months as the market has MFC pe 17.7 and SLF at 15.7. 18 pe is about the high point the market would pay.
trade on New York and Toronto
1.15Cdn. = 1 US
MFC $72.67close hi 73.79 low 55.70
63.10US close hi 61.83 low 44.57US
2006 earings/share 4.85-5.10
div $1.40 yield 1.99%
30% earnings are from Canada the rest (most US), US, Asia.
5th biggest inusance company in the world.
4thq C $908 million $1.13/share up from $756 .92/share
Revenue increased $8.2 billion Cdn. up from $7.9billion.
ROE 15.5 up from 13%
raised quarterly div .35C was .30C
has $3 billion C (2.6US billon in Cash) and will generate about 2-3 billion in free cash flow each year.
are still working on the merger of John Hancock (2004) which is going well. so will not likely buy anything else for a while. so shareholder expect more dividend increases and share buybacks.
the stock made over 27% over 12 months.
would expect a 10-15% return a year, for the next 2-3 years. may be dead money for 6 months but a good stock.
Sunlife SLF
2006 earnings/ share $3.50
49.53 cdn.
43.06 close US high 43.35 low 29.87
raised quarterly div from 27.5cents from 25.5 cents.
profit Q4 .82/share $478 million up from $438 million
the company trade at a slightly cheaper valuation than MFC 15.7 compared to 17.7.
heard some analyst even state that Sunlife is second rate. to that all I will say is look at the 5 yr. chart on the stock. or since they became public.
Sunlife owns large US mutual fund company and 30% in CI funds Canada.
both are good stocks to own if you are looking at a financial stock to add to your portfolio. returns 10%+ on average. growing dividends and earnings
thanks
selkirk
