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Manulife Financial Corporation (NYSE:MFC) is included among the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
On November 17, Morgan Stanley raised its price target for Manulife Financial Corporation (NYSE:MFC) 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 (NYSE:MFC) 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 (NYSE:MFC) 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 (NYSE:MFC) 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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READ NEXT: 12 Best European Dividend Stocks to Buy Now and 15 Stocks with Highest Dividend to Invest In.
Disclosure: None.
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