Pcj Investment Counsel Ltd Lowered Position in Manulife Financial Corp. (NYSE:MFC) by $12.70 Million

May 17, 2018 - By Clyde Turner

Manulife Financial Corporation (NYSE:MFC) Corporate Logo

According to 2018Q1 SEC filling the Pcj Investment Counsel Ltd decreased its stake in Manulife Financial Corp. (NYSE:MFC) by 21.56%. By selling 705,610 shares Pcj Investment Counsel Ltd made the stock Sank with 12.62%. At the end of 2018Q1, the institutional investor held 2.57M shares of the life insurance company, valued at $47.64 million, down from 3.27M at the end of the previous reported quarter. For a total of 1.54M shares it increased its holding in Brookfield Asset Management Inc. (NYSE:BAM) by 407,460 shares in the quarter, and has risen its stake in Waste Connections Inc ().

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States.The firm is valued at $38.41 billion. It offers various individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.The P/E ratio is 26.06. The firm also provides pension contracts and mutual fund services and products; various retirement products to group benefit plans; and annuities, single premium, and banking products, such as deposit and credit products to Canadian customers, as well as non-guaranteed, partially guaranteed, and fully guaranteed investment options through general and separate account products.

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