Schroder Investment Management Group trimmed its position in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 91.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,200 shares of the financial services provider’s stock after selling 1,928,700 shares during the quarter. Schroder Investment Management Group’s holdings in Sun Life Financial were worth $9,349,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of SLF. Independence Bank of Kentucky acquired a new stake in shares of Sun Life Financial in the fourth quarter worth $117,000. Stifel Financial Corp lifted its stake in shares of Sun Life Financial by 4.3% in the second quarter. Stifel Financial Corp now owns 6,060 shares of the financial services provider’s stock worth $216,000 after buying an additional 249 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Sun Life Financial in the third quarter worth $225,000. First National Trust Co. acquired a new stake in shares of Sun Life Financial in the third quarter worth $308,000. Finally, Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in shares of Sun Life Financial in the third quarter worth $354,000. Institutional investors and hedge funds own 41.68% of the company’s stock.
Shares of Sun Life Financial Inc (SLF) opened at $42.23 on Wednesday. The stock has a market cap of $25,750.00, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.23. Sun Life Financial Inc has a fifty-two week low of $32.22 and a fifty-two week high of $44.50.
Several equities analysts recently commented on the stock. TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Scotiabank raised shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, BMO Capital Markets raised shares of Sun Life Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $52.67.
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Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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