Manulife Financial (MFC) Price Target Revised Down to C$48 by National Bank; Maintains Outperform Rating

National Bank has revised its price target for Manulife Financial (MFC) to C$48 from C$49, maintaining an Outperform rating. The bank's confidence in the company's future performance remains high despite the slight target reduction. Analysts forecast an average target price of $27.10, indicating a 10.57% downside from the current price of $30.31.

National Bank has revised its price target for Manulife Financial (MFC) to C$48 from C$49, while maintaining an Outperform rating on the shares. This adjustment reflects the bank's ongoing confidence in the company's future performance, despite the slight reduction in the price target.

The bank's move comes as analysts continue to evaluate Manulife Financial's financial health and market position. According to a recent report by MarketBeat, the average price target among analysts is C$48.00, indicating a 10.57% downside from the current price of C$30.31 [3].

Galibier Capital Management Ltd. recently trimmed its position in Manulife Financial by 11.1% during the first quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 695,153 shares of the financial services provider's stock after selling 86,420 shares during the period [2].

Manulife Financial's recent quarterly earnings report showed earnings per share (EPS) of C$0.69, missing the consensus estimate of C$0.70. The company reported a net margin of 9.58% and a return on equity of 15.84%. Despite the slight miss in EPS, analysts expect the company to post an average of C$2.87 EPS for the current year [3].

The company also recently increased its quarterly dividend, paid on June 19th. Stockholders of record on May 21st were given a C$0.3194 dividend, representing a C$1.28 annualized dividend and a dividend yield of 4.19% [3].

Institutional investors have shown interest in Manulife Financial, with several new positions acquired in the fourth quarter of 2024. Lee Danner & Bass Inc., Lazard Asset Management LLC, Transce3nd LLC, Millstone Evans Group LLC, and Graney & King LLC all bought new positions in the company, valued at approximately C$21,000 to C$53,000 [2].

References:
[1] https://www.tipranks.com/news/the-fly/manulife-financial-price-target-lowered-to-c48-from-c49-at-national-bank-thefly
[2] https://www.marketbeat.com/instant-alerts/filing-galibier-capital-management-ltd-cuts-holdings-in-manulife-financial-corp-nysemfc-2025-07-10/
[3] https://www.marketbeat.com/instant-alerts/manulife-financial-co-tsemfc-given-consensus-recommendation-of-moderate-buy-by-analysts-2025-07-09/