The Manufacturers Life Insurance Company reduced its position in shares of SLB Limited (NYSE:SLB – Free Report) by 7.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,101,826 shares of the oil and gas company’s stock after selling 89,047 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SLB were worth $56,623,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock. Following the completion of the transaction, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49.