Triasima Portfolio Management inc. Has $2.84 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

Triasima Portfolio Management inc. grew its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,900 shares of the financial services provider’s stock after acquiring an additional 250 shares during the period. Triasima Portfolio Management inc.’s holdings in Sun Life Financial were worth $2,843,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Sun Life Financial by 7.6% in 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 in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Sun Life Financial by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock valued at $377,311,000 after acquiring an additional 81,261 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Sun Life Financial by 28.2% in the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock valued at $338,621,000 after acquiring an additional 1,284,556 shares in the last quarter. FMR LLC grew its holdings in shares of Sun Life Financial by 5.2% in the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after acquiring an additional 257,178 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sun Life Financial by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after acquiring an additional 34,072 shares in the last quarter. Institutional investors own 52.26% of the company’s stock.

Analyst Ratings Changes

SLF has been the subject of a number of research analyst reports. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at $58.78 on Friday. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The stock has a market capitalization of $36.92 billion, a P/E ratio of 13.09, a PEG ratio of 1.57 and a beta of 1.03. The stock has a 50-day simple moving average of $59.27 and a 200 day simple moving average of $56.79.

Sun Life Financial Company 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.