StockNews.com initiated coverage on shares of Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) in a research report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
A number of other equities analysts also recently commented on SLF. BMO Capital Markets boosted their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 in a research note on Friday, February 10th. National Bank Financial boosted their price objective on shares of Sun Life Financial from C$69.00 to C$71.00 in a research note on Friday, February 10th. Desjardins lifted their price target on shares of Sun Life Financial from C$73.00 to C$75.00 in a report on Friday, February 10th. CIBC lowered shares of Sun Life Financial from an outperform rating to a neutral rating in a report on Thursday, February 9th. They noted that the move was a valuation call. Finally, Scotiabank lifted their price target on shares of Sun Life Financial from C$71.00 to C$75.00 in a report on Friday, February 10th.
Sun Life Financial Stock Down 1.7 %
Shares of NYSE:SLF opened at $44.09 on Thursday. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. Sun Life Financial has a 52 week low of $37.96 and a 52 week high of $56.90. The firm has a 50 day moving average of $48.82 and a 200 day moving average of $45.76.
Sun Life Financial Increases Dividend
Institutional Investors Weigh In On Sun Life Financial
Large investors have recently made changes to their positions in the stock. Money Concepts Capital Corp purchased a new stake in shares of Sun Life Financial during the fourth quarter valued at $26,000. Achmea Investment Management B.V. purchased a new stake in shares of Sun Life Financial during the first quarter valued at $32,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Sun Life Financial during the third quarter valued at $26,000. Addison Advisors LLC grew its holdings in shares of Sun Life Financial by 205.8% during the third quarter. Addison Advisors LLC now owns 743 shares of the financial services provider’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of Sun Life Financial during the third quarter valued at $31,000. 44.94% of the stock is owned by hedge funds and other institutional investors.
About Sun Life Financial
Sun Life Financial, Inc engages in the provision of insurance and asset management solutions to individual and corporate clients. It operates through the following segments: Canada, United States, Asset Management, Asia, and Corporate. The Canada segment offers individual insurance and group benefits and retirement services.
- Get a free copy of the StockNews.com research report on Sun Life Financial (SLF)
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