The Manufacturers Life Insurance Company Sells 154,903 Shares of Truist Financial Corporation $TFC
MarketBeat
The Manufacturers Life Insurance Company has reduced its stake in Truist Financial Corporation (NYSE:TFC) by 15.9%, selling 154,903 shares and now holding 821,023 shares valued at approximately $40.9 million. Institutional investors collectively own 71.28% of the company, while Truist insiders have sold 30,516 shares worth about $1.58 million. Analysts currently hold a consensus "Hold" rating for TFC with an average price target of $55.12.
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