What was the extent and value of The Manufacturers Life Insurance Company's reduction in its stake in Axalta Coating Systems Ltd. during the first quarter?

The Manufacturers Life Insurance Company reduced its stake in Axalta Coating Systems Ltd. by 28.4% in the first quarter, selling over 40,000 shares, while still retaining a significant holding valued at $2.84 million.

How did Axalta Coating Systems Ltd.'s most recent quarterly financial performance compare to expectations, despite mixed analyst ratings and a reduction in institutional ownership?

Despite the stake reduction by The Manufacturers Life Insurance Company and mixed analyst ratings—with an average price target below the current share price—Axalta Coating Systems Ltd. exceeded its quarterly earnings and revenue expectations.

Manufacturers Life Insurance Company Decreases Position in Axalta Coating Systems Ltd.

Aug 9, 2026

Manufacturers Life Insurance reduced its stake in Axalta Coating Systems by 28.4% in Q1, selling over 40,000 shares. Despite the reduction, Axalta exceeded quarterly earnings and revenue expectations.

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