Manulife Financial Corporation (NYSE:MFC) is included among the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
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On November 17, Morgan Stanley raised its price target for Manulife Financial Corporation to $50 from $47 while maintaining an Equal Weight rating, as reported by The Fly. The firm updated its insurance sector models following Q3 results. The analyst noted in a research report that life insurance earnings exceeded what the share price reactions might suggest, while property and casualty is expected to experience a softening cycle heading into 2026.
In the third quarter of 2025, Manulife Financial Corporation reported core revenue of over $2.1 billion, up 10% on a CER basis compared with Q3 2024. Net income attributable to shareholders was $1.8 billion, essentially unchanged from the same period last year. Global Wealth and Asset Management experienced net outflows of $6.2 billion, compared with $5.2 billion of net inflows in Q3 2024.
Management reaffirmed its 2027 targets and expressed confidence in achieving a core ROE above 18%. Regarding its joint venture in India, the company expects the operation to be fully established within 12 to 18 months, including the regulatory approval process. Manulife Financial Corporation also provided guidance on remittances, projecting about $6 billion for 2025, keeping it on track to reach the cumulative 2027 target of at least $22 billion.
Manulife Financial Corporation is a global financial services provider offering a broad range of products, including financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions.
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