MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.49 Million Holdings in Sun Life Financial Inc. $SLF

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,446 shares of the financial services provider’s stock after selling 698 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Sun Life Financial were worth $2,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Sun Life Financial in the fourth quarter worth about $244,000. Tidal Investments LLC raised its holdings in shares of Sun Life Financial by 4.5% in the 4th quarter. Tidal Investments LLC now owns 5,147 shares of the financial services provider’s stock worth $305,000 after buying an additional 222 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sun Life Financial by 32.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,575 shares of the financial services provider’s stock worth $509,000 after buying an additional 2,099 shares during the period. Wellington Management Group LLP lifted its position in shares of Sun Life Financial by 2,071.4% during the 4th quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider’s stock worth $80,160,000 after buying an additional 1,288,545 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Sun Life Financial by 5,413.0% in the 1st quarter. Versant Capital Management Inc now owns 5,072 shares of the financial services provider’s stock valued at $290,000 after buying an additional 4,980 shares in the last quarter. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Trading Down 0.0%

NYSE:SLF opened at $58.98 on Friday. Sun Life Financial Inc. has a 1-year low of $52.44 and a 1-year high of $66.81. The firm has a market capitalization of $33.06 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.58 and a beta of 0.89. The business’s 50-day moving average price is $59.48 and its two-hundred day moving average price is $60.23.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 EPS for the quarter, meeting analysts’ consensus estimates of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same period in the prior year, the business posted $1.11 EPS. Sell-side analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Argus raised Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. National Bank Financial downgraded shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Barclays lowered shares of Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 7th. Finally, Scotiabank upgraded shares of Sun Life Financial to a “hold” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

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.