Manufacturers Life acquires Royal Caribbean shares
The insurer added 123,128 shares as Royal Caribbean reported quarterly earnings and revenue above analyst expectations.
The Manufacturers Life Insurance Company acquired 123,128 shares of Royal Caribbean Cruises Ltd. in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The holding was valued at $39,097,000. Hedge funds and other institutional investors own 87.53% of the stock.
Royal Caribbean reported quarterly earnings per share of $4.21, exceeding the analyst consensus estimate of $3.98 by $0.23. Quarterly revenue reached $4.83 billion, compared with analyst expectations of $4.82 billion. The company said revenue increased 6.5% from the same quarter last year.
The cruise company set fiscal-year 2026 earnings-per-share guidance at 17.730–17.870 and third-quarter 2026 guidance at 6.260–6.360. Cited analyst data gave Royal Caribbean a Moderate Buy consensus rating and an average target price of $353.40. CEO Michael W. Bayley sold 12,811 shares on Wednesday, July 29th, at an average price of $315.99, totaling $4,048,147.89.