Meritage Portfolio Management Has $4.56 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

Meritage Portfolio Management cut its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,801 shares of the financial services provider's stock after selling 5,488 shares during the quarter. Meritage Portfolio Management's holdings in Sun Life Financial were worth $4,557,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Princeton Global Asset Management LLC bought a new stake in Sun Life Financial in the fourth quarter worth $99,000. Five Oceans Advisors boosted its position in Sun Life Financial by 8.1% during the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock worth $230,000 after purchasing an additional 292 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $202,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Sun Life Financial in the fourth quarter worth $95,000. Finally, Blue Trust Inc. boosted 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 buying an additional 855 shares during the period. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Stock Up 0.7 %

Sun Life Financial stock traded up $0.44 on Friday, hitting $59.21. The company's stock had a trading volume of 430,136 shares, compared to its average volume of 554,788. The firm has a market cap of $37.19 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85. The company has a fifty day moving average price of $59.23 and a 200-day moving average price of $56.90.

Analyst Ratings Changes

Several research firms recently weighed in on SLF. StockNews.com cut 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 research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Sun Life Financial Profile

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.