Failing the Fed's 'stress test' has created a buying opportunity in this insurance outfit.
As long as Fed oversight status of the nation's largest life insurer is up in the air, investors should take a pass.
The company sells a stake in AIA Group in efforts to raise $6 billion.
Vivus is upgraded to 'hold,' and Principal Financial is upgraded to 'buy.'
The company's Asian variable annuity assets have been growing consistently at over 15% in the past couple of years.
Manulife Financial's Asian operation is the largest source of value for the company, contributing about 23% of the stock price.
The long-term outlook is unclear, and the short-term outlook is volatile.
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