What was the value and significance of Manufacturers Life Insurance Company's recent acquisition of Cabot Corporation shares?

The Manufacturers Life Insurance Company recently acquired 47,211 shares of Cabot Corporation (NYSE:CBT), valued at approximately $4.29 million; this purchase contributes to institutional investors and hedge funds collectively owning 93.18% of the company.

How did Cabot Corporation perform in its latest quarterly earnings, and what is the current analyst sentiment?

Cabot reported strong quarterly earnings of $1.67 EPS, exceeding estimates, with revenue up 6.4% year-over-year; despite a recent sale of shares by CEO Sean D. Keohane, analysts maintain a consensus 'Hold' rating with an average price target of $89.00, and the company announced a quarterly dividend of $0.4725 per share.

Manufacturers Life Insurance Company Acquires 47,211 Shares of Cabot Corporation

Sep 1, 2026

Manufacturers Life Insurance Company purchased 47,211 Cabot Corporation shares worth $4.29 million, while the company reported strong quarterly earnings of $1.67 EPS and 6.4% revenue growth.

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Manufacturers Life Insurance Company Acquires 47,211 Shares of Cabot Corporation

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