Beutel Goodman & Co Ltd. raised its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 50.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,170,839 shares of the financial services provider’s stock after buying an additional 3,083,485 shares during the period. Sun Life Financial comprises approximately 3.0% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 13th largest position. Beutel Goodman & Co Ltd. owned about 1.49% of Sun Life Financial worth $327,474,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLF. Ladenburg Thalmann Financial Services Inc. boosted its position in Sun Life Financial by 103.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,789 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,416 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Sun Life Financial by 0.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider’s stock worth $131,000 after buying an additional 17 shares during the last quarter. Rational Advisors LLC raised its stake in shares of Sun Life Financial by 14.3% in the first quarter. Rational Advisors LLC now owns 4,538 shares of the financial services provider’s stock worth $166,000 after buying an additional 567 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Sun Life Financial during the first quarter worth approximately $194,000. Finally, Stifel Financial Corp raised its stake in shares of Sun Life Financial by 1.8% in the first quarter. Stifel Financial Corp now owns 5,811 shares of the financial services provider’s stock worth $209,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 42.87% of the company’s stock.

Sun Life Financial Inc. (NYSE SLF) traded up 0.18% during trading on Friday, hitting $38.33. The company had a trading volume of 628,854 shares. Sun Life Financial Inc. has a 1-year low of $30.38 and a 1-year high of $40.57. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 11.93 and a beta of 0.88. The company’s 50 day moving average price is $36.10 and its 200-day moving average price is $36.18.

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A number of analysts have recently commented on the company. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, July 12th. Bank of America Corporation raised Sun Life Financial from an “underperform” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub raised Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. ValuEngine raised Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada raised Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Wednesday, June 7th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sun Life Financial currently has a consensus rating of “Hold” and an average target price of $45.17.

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.

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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