The Manufacturers Life Insurance Company Trims Position in Ameriprise Financial, Inc. $AMP
MarketBeat
The Manufacturers Life Insurance Company has reduced its stake in Ameriprise Financial (NYSE:AMP) by 5.2% during the second quarter, now holding 44,999 shares valued at $20.6 million. Despite this reduction, Ameriprise Financial has shown strong performance, with shares trading near their 52-week high, exceeding analyst expectations for EPS and revenue, and maintaining a "Moderate Buy" consensus rating among analysts. The company also announced a quarterly dividend of $1.70 per share.
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