Russell Cuts Position in Manulife Financial as Analyst Views Shift
Russell Investments cut its Manulife Financial stake by selling 160,470 shares, leaving 1,722,139 shares after the quarter. Other institutions also adjusted holdings. Zacks downgraded Manulife to strong sell, while Weiss and BMO reiterated favorable views. The company reported $0.79 EPS versus $0.78 consensus and declared a $0.485 dividend per share.