Quilter Plc Has $551,000 Stake in Sun Life Financial Inc. (NYSE:SLF)

Quilter Plc trimmed its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,291 shares of the financial services provider’s stock after selling 1,000 shares during the period. Quilter Plc’s holdings in Sun Life Financial were worth $551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in 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 worth $537,288,000 after purchasing an additional 654,404 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Sun Life Financial by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock worth $377,311,000 after acquiring an additional 81,261 shares during the period. National Bank of Canada FI lifted its holdings in shares of Sun Life Financial by 28.2% during the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock worth $338,621,000 after acquiring an additional 1,284,556 shares during the period. FMR LLC lifted its holdings in shares of Sun Life Financial by 5.2% during the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock worth $301,047,000 after acquiring an additional 257,178 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sun Life Financial by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock worth $164,876,000 after acquiring an additional 34,072 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SLF. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. 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. Two investment 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 company’s stock. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy”.

Sun Life Financial Stock Up 0.7 %

NYSE:SLF opened at $59.21 on Monday. The firm has a market cap of $37.19 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85. The company’s 50-day moving average price is $59.23 and its two-hundred day moving average price is $56.90.

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.