The Manufacturers Life Insurance Company Buys 315,892 Shares of Altria Group, Inc. $MO

The Manufacturers Life Insurance Company increased its stake in Altria Group, Inc. by 29.7% in the second quarter, acquiring an additional 315,892 shares, bringing its total to 1.38 million shares valued at approximately $99.2 million. Other institutional investors also adjusted their positions in Altria, which has a consensus "Hold" rating from analysts with a target price of $70.11. Altria recently raised its quarterly dividend to $1.11 per share, resulting in a 6.4% annualized yield, despite