StockNews.com lowered shares of Sun Life Financial (NYSE:SLF - Free Report) TSE: SLF from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Separately, National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".
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Sun Life Financial Stock Performance
Shares of NYSE SLF traded up $0.44 during mid-day trading on Wednesday, reaching $59.21. 430,136 shares of the company's stock were exchanged, compared to its average volume of 554,788. The company's 50-day moving average is $59.23 and its 200-day moving average is $56.90. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.61 and a beta of 1.03. Sun Life Financial has a 52-week low of $46.41 and a 52-week high of $62.85.
Institutional Investors Weigh In On Sun Life Financial
A number of institutional investors have recently modified their holdings of SLF. The Manufacturers Life Insurance Company boosted its holdings in Sun Life Financial by 7.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock valued at $537,288,000 after acquiring an additional 654,404 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sun Life Financial by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider's stock valued at $164,876,000 after purchasing an additional 34,072 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Sun Life Financial in the third quarter valued at approximately $878,000. FMR LLC increased its stake in Sun Life Financial by 5.2% during the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider's stock worth $301,047,000 after buying an additional 257,178 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sun Life Financial by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,580,531 shares of the financial services provider's stock worth $91,778,000 after buying an additional 79,155 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.
About Sun Life Financial
(
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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.
Further Reading
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