Cibc Asset Management Inc increased its stake in Manulife Finl Corp (MFC) by 1.94% based on its latest 2018Q3 regulatory filing with the SEC. Cibc Asset Management Inc bought 427,684 shares as the company’s stock declined 15.74% with the market. The institutional investor held 22.49 million shares of the life insurance company at the end of 2018Q3, valued at $455.05 million, up from 22.07M at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Manulife Finl Corp for a number of months, seems to be bullish on the $30.84 billion market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $15.54. About 1.86M shares traded. Manulife Financial Corporation (NYSE:MFC) has declined 28.60% since January 13, 2018 and is downtrending. It has underperformed by 28.60% the S&P500.
Cibc Asset Management Inc, which manages about $15.98B US Long portfolio, decreased its stake in Royal Bk Cda Montreal Que (NYSE:RY) by 227,982 shares to 14.84 million shares, valued at $1.15B in 2018Q3, according to the filing. It also reduced its holding in Hudbay Minerals Inc (NYSE:HBM) by 901,226 shares in the quarter, leaving it with 882,679 shares, and cut its stake in New Gold Inc Cda (NYSEMKT:NGD).
More recent Manulife Financial Corporation (NYSE:MFC) news were published by: Seekingalpha.com which released: “Manulife And United Parcel Service – Seeking Alpha” on October 01, 2018. Also Seekingalpha.com published the news titled: “More on Manulife Q3 results – Seeking Alpha” on November 07, 2018. Seekingalpha.com‘s news article titled: “Manulife Financial declares $0.25 dividend – Seeking Alpha” with publication date: November 01, 2018 was also an interesting one.
– Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.