Manufacturers Life Insurance Raises Stake in American Express

The Manufacturers Life Insurance Company increased its stake in American Express Company (NYSE:AXP) by 2.4% during the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The fund now owns 430,789 shares of AXP's stock after purchasing an additional 10,134 shares during the period. This represents 0.06% of American Express' outstanding shares and is valued at $145,715,000.

This increase in stake was part of a larger trend in the second quarter, with several other institutional investors and hedge funds modifying their holdings of AXP.