Sun Life Financial (NYSE:SLF) Stock Rating Upgraded by StockNews.com

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Separately, 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sun Life Financial currently has a consensus rating of "Buy".

Sun Life Financial Stock Performance

Shares of SLF stock traded up $0.29 on Monday, hitting $58.87. The company's stock had a trading volume of 470,707 shares, compared to its average volume of 489,150. Sun Life Financial has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The company has a market capitalization of $33.79 billion, a PE ratio of 13.11, a PEG ratio of 1.58 and a beta of 1.03. The stock's 50 day moving average is $59.80 and its 200-day moving average is $56.38.

Institutional Investors Weigh In On Sun Life Financial

A number of large investors have recently bought and sold shares of SLF. Assenagon Asset Management S.A. raised its holdings in shares of Sun Life Financial by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider's stock worth $3,635,000 after buying an additional 200 shares in the last quarter. Five Oceans Advisors grew its position 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 acquiring an additional 292 shares during the last quarter. State Street Corp raised its stake in Sun Life Financial by 0.8% during the third quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock worth $2,291,000 after acquiring an additional 330 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock worth $38,000 after acquiring an additional 361 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sun Life Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider's stock valued at $1,642,000 after purchasing an additional 426 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

About Sun Life Financial

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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