Pcj Investment Counsel Ltd Lowered Its Position in Manulife Financial Corp. (NYSE:MFC) as Price Declined

May 17, 2018 - By Charla Downs

Manulife Financial Corporation (NYSE:MFC) Corporate Logo

Pcj Investment Counsel Ltd decreased its stake by 21.56% in Manulife Financial Corp. (NYSE:MFC), according to 2018Q1 Securities and Exchange filling. The company’s stock Sank 12.62% while Pcj Investment Counsel Ltd sold 705,610 shares. The institutional investor is holding 2.57M shares, compared to the 3.27M from the previous quarter. And the announced value of the life insurance company is $47.64 million for the 2018Q1. Pcj Investment Counsel Ltd has risen its stake in Canadian Pacific Railway Ltd. (NYSE:CP) and also increased its holding in Waste Connections Inc () by 178,325 shares in the quarter, for a total of 872,844 shares.

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 worth $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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