Sun Life Financial (NYSE:SLF) Upgraded at StockNews.com

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Separately, National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Read Our Latest Research Report on SLF

Sun Life Financial Trading Down 0.6 %

Shares of SLF opened at $58.52 on Monday. Sun Life Financial has a 1-year low of $46.41 and a 1-year high of $62.85. The firm has a market capitalization of $33.58 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.58 and a beta of 1.03. The firm’s 50-day moving average price is $59.76 and its 200-day moving average price is $56.45.

Institutional Investors Weigh In On Sun Life Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Sun Life Financial by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock valued at $537,288,000 after purchasing an additional 654,404 shares during the last quarter. CIBC Asset Management Inc raised its stake in Sun Life Financial by 1.3% during the third quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock valued at $377,311,000 after buying an additional 81,261 shares during the last quarter. National Bank of Canada FI boosted its holdings in Sun Life Financial by 28.2% in the third 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 in the last quarter. FMR LLC grew its stake in shares of Sun Life Financial by 5.2% in the third 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 last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sun Life Financial by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after acquiring an additional 34,072 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Company Profile

(Get Free Report)

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.

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