Sun Life Financial Inc. (NYSE:SLF) Holdings Cut by Quilter Plc

Quilter Plc decreased its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,291 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Quilter Plc’s holdings in Sun Life Financial were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after buying an additional 522 shares in the last quarter. Addison Advisors LLC lifted its position in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Sun Life Financial during the 4th quarter worth $45,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sun Life Financial during the 3rd quarter worth $51,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Sun Life Financial during the 4th quarter worth $99,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Trading Up 0.7 %

NYSE:SLF opened at $59.21 on Monday. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The firm’s fifty day simple moving average is $59.23 and its 200 day simple moving average is $56.90. The firm has a market capitalization of $37.19 billion, a PE ratio of 13.19, a PEG ratio of 1.61 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.