Manulife Financial Corp (MFC) is launching “Fuel Up Fridays,” an initiative to support the well-being of its global team.
Manulife provides life insurance and wealth management products and services to individuals and groups in Canada, the United States, and Asia. (See Manulife Financial Corp stock charts on TipRanks)
Starting September 10 and running until the end of the year, Manulife employees will be spending the second Friday of each month “fueling up.” The morning will be reserved for collective learning, and will be followed by an afternoon off, so that employees can recharge their batteries in order to promote physical and mental health.
In addition, Manulife is once again giving its more than 37,000 employees five extra personal days to use in 2022.
“Our team has shown incredible stamina as we continue to navigate the global pandemic, supporting our customers, our communities, and each other,” said Manulife CEO Roy Gori. “We know that many different factors contribute to our physical and mental well-being, and that’s why we’ll continue to take a holistic approach focused on fueling our creativity through learning, and fueling our resilience through rest.”
Earlier this year, Manulife launched “Elevate,” a program of activities and celebrations promoting healthy living, and also marked the second ‘Thank You Day” off for all of its employees globally.
On August 6, RBC Capital analyst Darko Mihelic reiterated a Hold rating on the stock and raised its price target to C$36.58. This implies 48.7% upside potential.
The rest of the Street is cautiously optimistic on MFC, with a Moderate Buy consensus rating based on four Buys and six Holds. The average Manulife Financial price target of C$32.16 implies 30.7% upside potential to current levels.
TipRanks’ Smart Score
MFC scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock returns are likely to outperform the overall market.