Manulife to Launch New Share Buyback After Fully Drawing 2025 NCIB

Manulife Financial ( (TSE:MFC) ) just unveiled an update.

Manulife Financial Corporation, a major global insurer and asset manager headquartered in Toronto, serves individuals, groups and institutions with insurance, financial advice and investment solutions under the Manulife and John Hancock brands. At the end of 2024 it employed more than 37,000 people and worked with over 109,000 agents and numerous distribution partners, with its shares trading as MFC in Toronto, New York and the Philippines, and 945 in Hong Kong.

On February 11, 2026, Manulife announced it intends to launch a new Normal Course Issuer Bid, subject to Toronto Stock Exchange approval, to repurchase and cancel up to 42 million common shares, or about 2.5% of its outstanding stock, as part of its capital management strategy. The company, which fully utilized its 2025 NCIB by buying 51.5 million shares at a volume-weighted average price of $44.28 through the TSX by January 22, 2026, plans to execute the new program over up to one year across North American exchanges and alternative systems, potentially using private agreements and derivative-based structures to enhance flexibility and shareholder value while maintaining strong regulatory capital ratios.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$55.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.

Spark’s Take on TSE:MFC Stock

According to Spark, TipRanks’ AI Analyst, TSE:MFC is a Outperform.

Manulife Financial’s strong financial performance and positive technical indicators are the most significant factors driving the score. The valuation is reasonable, and the recent earnings call provides a balanced outlook with growth opportunities and some challenges.

To see Spark’s full report on TSE:MFC stock, click here.

More about Manulife Financial

Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, operating as Manulife across Canada, Asia and Europe and as John Hancock in the U.S. The company offers insurance, financial advice, and global wealth and asset management services to individuals, institutions, and retirement plan members, serving over 36 million customers worldwide and listing its shares in Toronto, New York, the Philippines and Hong Kong.

Average Trading Volume: 5,959,976

Technical Sentiment Signal: Buy

Current Market Cap: C$87.37B

For a thorough assessment of MFC stock, go to TipRanks’ Stock Analysis page.