AustralianSuper Pty Ltd Has $10.25 Million Stock Position in Sun Life Financial Inc. $SLF

AustralianSuper Pty Ltd lowered its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,005 shares of the financial services provider’s stock after selling 1,224 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Sun Life Financial were worth $10,254,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. grew its holdings in shares of Sun Life Financial by 3.4% during the 1st quarter. Benjamin Edwards Inc. now owns 5,052 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 167 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Sun Life Financial by 4.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,330 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 181 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Sun Life Financial by 0.4% during the 1st quarter. Public Sector Pension Investment Board now owns 55,447 shares of the financial services provider’s stock worth $3,173,000 after purchasing an additional 200 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sun Life Financial by 2.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,444 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 224 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Sun Life Financial by 53.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays restated an “underweight” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. Morgan Stanley set a $89.00 target price on Sun Life Financial in a research report on Tuesday, October 7th. National Bank Financial downgraded Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. Finally, Argus upgraded Sun Life Financial to a “strong-buy” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Sun Life Financial Stock Performance

Shares of SLF opened at $62.29 on Tuesday. The stock has a fifty day moving average price of $59.74 and a two-hundred day moving average price of $61.05. Sun Life Financial Inc. has a 52-week low of $52.44 and a 52-week high of $66.81. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.66 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the previous year, the company posted $1.11 EPS. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial 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.