Sun Life Financial Inc (NYSE:SLF) Shares Sold by Fmr LLC

FMR LLC lessened its stake in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,553,404 shares of the financial services provider’s stock after selling 88,558 shares during the period. FMR LLC owned about 0.60% of Sun Life Financial worth $136,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bremer Trust National Association bought a new stake in Sun Life Financial during the fourth quarter valued at approximately $28,000. Arbor Wealth Management LLC bought a new stake in Sun Life Financial during the fourth quarter valued at approximately $33,000. Bremer Bank National Association bought a new stake in shares of Sun Life Financial in the 1st quarter worth approximately $34,000. Lindbrook Capital LLC bought a new stake in shares of Sun Life Financial in the 4th quarter worth approximately $36,000. Finally, Lake Point Wealth Management bought a new stake in shares of Sun Life Financial in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 41.15% of the company’s stock.

A number of research firms recently commented on SLF. Argus upped their price target on shares of Sun Life Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 1st. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. ValuEngine downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Barclays downgraded shares of Axel Springer from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. Finally, BMO Capital Markets set a $32.00 target price on shares of Axalta Coating Systems and gave the stock a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.50.

Sun Life Financial stock traded down $0.14 during mid-day trading on Thursday, reaching $42.33. The stock had a trading volume of 345,400 shares, compared to its average volume of 510,128. The firm has a market cap of $25.11 billion, a P/E ratio of 11.29 and a beta of 0.87. The company’s 50-day moving average price is $40.82. Sun Life Financial Inc has a one year low of $31.49 and a one year high of $42.59.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.29. Sun Life Financial had a net margin of 7.96% and a return on equity of 13.58%. The business had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $7.35 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 90.1% compared to the same quarter last year. As a group, sell-side analysts predict that Sun Life Financial Inc will post 3.74 earnings per share for the current fiscal year.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

Read More: Diversification For Individual Investors

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.