Manulife shares fall as Muddy Waters announces short position [Reuters (UK)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Reuters
Manulife shares fall as Muddy Waters announces short position | Reuters 2 Min Read TORONTO, Oct 4 (Reuters) - Shares of Manulife Financial Corp fell as much as 4 percent on Thursday, hitting their lowest since November 2016, after research firm Muddy Waters Capital LLC said it had taken a short position on Canada’s biggest life insurer. Muddy Waters, which researches companies it thinks have fundamental problems not reflected in their stock price, cited a court case pending in the Canadian province of Saskatchewan which it believes could damage Manulife’s financials. Manulife did not respond to requests for comment. The case relates to universal life insurance policies which were underwritten in 1997 by Aetna Life Insurance Co, which was acquired by Manulife in 2004. Universal life insurance is a type of policy sold mostly in the United States where the insurer credits the customer every month when premiums exceed the actual cost of insurance, with interest, building up the cash value
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MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form S-8
- MFC's page on the SEC website