Analysts’ Top Financial Picks: Manulife Financial (MFC), QBE Insurance Group Limited (QBEIF)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Manulife Financial (MFC – Research Report) and QBE Insurance Group Limited (QBEIF – Research Report) with bullish sentiments.

Manulife Financial (MFC)

In a report issued on May 10, John Aiken from Jefferies maintained a Buy rating on Manulife Financial, with a price target of C$43.00. The company’s shares closed last Friday at $26.05, close to its 52-week high of $26.16.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -1.0% and a 49.2% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Currently, the analyst consensus on Manulife Financial is a Moderate Buy with an average price target of $27.52, which is a 6.3% upside from current levels. In a report issued on May 9, National Bank also upgraded the stock to Buy with a C$38.00 price target.

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QBE Insurance Group Limited (QBEIF)

Jefferies analyst Simon Fitzgerald maintained a Buy rating on QBE Insurance Group Limited on May 10 and set a price target of A$20.05. The company’s shares closed last Tuesday at $12.14, equals to its 52-week high of $12.14.

According to TipRanks.com, Fitzgerald is a 2-star analyst with an average return of -0.4% and a 61.1% success rate. Fitzgerald covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, Computershare Limited, and Suncorp Group Limited.

Currently, the analyst consensus on QBE Insurance Group Limited is a Moderate Buy with an average price target of $12.35, representing a 1.7% upside. In a report issued on April 26, Goldman Sachs also maintained a Buy rating on the stock with a A$20.58 price target.

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Read More on MFC:

• Manulife Financial price target raised to C$36 from C$34 at CIBC
• Manulife Financial price target raised to C$41 from C$40 at BMO Capital
• Manulife Financial Shareholders Approve Board and Auditors
• Manulife Financial price target raised to C$38 from C$37 at TD Securities
• Manulife Financial upgraded to Outperform from Sector Perform at National Bank