Manulife (MFC) Outlook Steady as Morgan Stanley Lifts Price Target

Core Insights - Manulife Financial Corporation (NYSE:MFC) is recognized as one of the 15 Global Dividend Stocks, indicating its potential for portfolio diversification [1] - Morgan Stanley has raised its price target for Manulife to $51 from $50, maintaining an Equal Weight rating, citing supportive macro conditions such as lower interest rates and a stable equity market [2] - The company's shares have increased nearly 20% since the beginning of 2025, reflecting market optimism [3] Financial Performance - Manulife's core earnings from Asia rose 29% to $550 million in Q3 compared to the same period last year, contributing to overall positive results [5] - For the three months ending September 30, Manulife reported core earnings of C$2.04 billion, or C$1.16 per share, up from C$1.83 billion, or C$1.00 per share, a year earlier [5] Strategic Initiatives - The company has adopted a refreshed strategy focused on expanding its market share in Asia during global uncertainty [3] - Manulife has utilized reinsurance deals since 2023 to transfer risk and free up capital, enabling share buybacks and new investments [4] - A key priority for growth includes a joint venture in India with Mahindra and Mahindra, as well as the acquisition of Schroders' business in Indonesia to strengthen its presence in Southeast Asia [4]