Sun Life Financial Inc. (NYSE:SLF) Position Boosted by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,561 shares of the financial services provider’s stock after acquiring an additional 609 shares during the period. Pathway Financial Advisers LLC’s holdings in Sun Life Financial were worth $1,576,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 522 shares in the last quarter. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% during the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Sun Life Financial in the 4th quarter worth approximately $45,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sun Life Financial in the third quarter valued at approximately $51,000. Finally, Louisbourg Investments Inc. raised its holdings in Sun Life Financial by 49.9% during the fourth quarter. Louisbourg Investments Inc. now owns 1,252 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 417 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SLF shares. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at $59.28 on Thursday. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The firm’s 50 day moving average price is $59.06 and its two-hundred day moving average price is $57.10. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 17.44% and a net margin of 7.32%. As a group, equities analysts predict that Sun Life Financial Inc. will post 4.76 EPS for the current fiscal year.

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.