Sun Life Financial Inc. (NYSE:SLF) Stock Position Raised by Louisbourg Investments Inc.

Louisbourg Investments Inc. raised its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 49.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252 shares of the financial services provider’s stock after purchasing an additional 417 shares during the period. Louisbourg Investments Inc.’s holdings in Sun Life Financial were worth $74,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in shares of Sun Life Financial by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after acquiring an additional 200 shares in the last quarter. Triasima Portfolio Management inc. raised its stake in shares of Sun Life Financial by 0.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 250 shares in the last quarter. Five Oceans Advisors raised its stake in shares of Sun Life Financial by 8.1% in the 4th quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 292 shares in the last quarter. State Street Corp increased its position in Sun Life Financial by 0.8% in the 3rd quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 330 shares during the period. Finally, Addison Advisors LLC increased its position in Sun Life Financial by 124.9% in 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 during the period. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Trading Down 0.7 %

Shares of NYSE:SLF opened at $58.46 on Wednesday. The business’s 50 day moving average is $59.11 and its 200-day moving average is $57.08. The firm has a market capitalization of $36.72 billion, a PE ratio of 13.02, a PEG ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

Analyst Upgrades and Downgrades

SLF has been the topic of several recent analyst reports. National Bank Financial raised 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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.