Long Run Wealth Advisors LLC bought a new position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,486 shares of the financial services provider's stock, valued at approximately $326,000.
Several other large investors have also recently bought and sold shares of SLF. Princeton Global Asset Management LLC acquired a new position in shares of Sun Life Financial during the 4th quarter worth about $99,000. Five Oceans Advisors raised its stake in Sun Life Financial by 8.1% in the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock valued at $230,000 after buying an additional 292 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Sun Life Financial in the fourth quarter valued at approximately $202,000. Union Bancaire Privee UBP SA bought a new position in shares of Sun Life Financial during the 4th quarter worth approximately $95,000. Finally, Blue Trust Inc. increased its holdings in shares of Sun Life Financial by 11.2% during the 4th quarter. Blue Trust Inc. now owns 8,516 shares of the financial services provider's stock worth $494,000 after acquiring an additional 855 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on SLF shares. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently has an average rating of "Moderate Buy".
Read Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Stock Performance
NYSE:SLF traded up $0.44 during mid-day trading on Friday, hitting $59.21. 430,136 shares of the stock were exchanged, compared to its average volume of 554,788. The firm's 50-day simple moving average is $59.23 and its 200 day simple moving average is $56.90. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03.
About Sun Life Financial
(
Free Report)
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
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