Sun Life Financial Inc. $SLF Shares Sold by Motco

Motco cut its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,841 shares of the financial services provider’s stock after selling 2,367 shares during the quarter. Motco’s holdings in Sun Life Financial were worth $4,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA grew its position in shares of Sun Life Financial by 130.6% during the second quarter. Private Trust Co. NA now owns 429 shares of the financial services provider’s stock worth $29,000 after buying an additional 243 shares in the last quarter. Investment Management Corp VA ADV grew its position in shares of Sun Life Financial by 164.5% during the first quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock worth $35,000 after buying an additional 385 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Sun Life Financial by 53.2% during the first quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock worth $38,000 after buying an additional 231 shares in the last quarter. Clean Yield Group grew its position in shares of Sun Life Financial by 36.8% during the second quarter. Clean Yield Group now owns 925 shares of the financial services provider’s stock worth $61,000 after buying an additional 249 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Sun Life Financial during the first quarter worth about $55,000. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Trading Up 0.1%

Shares of NYSE SLF opened at $62.36 on Wednesday. Sun Life Financial Inc. has a twelve month low of $52.44 and a twelve month high of $66.81. The stock has a 50 day moving average of $59.82 and a two-hundred day moving average of $61.10. The stock has a market cap of $34.82 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.69 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 for the quarter, meeting analysts’ consensus estimates of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SLF shares. Evercore ISI reissued an “outperform” rating on shares of Sun Life Financial in a research report on Thursday, October 9th. Barclays restated an “underweight” rating on shares of Sun Life Financial in a research note on Wednesday, October 8th. TD Securities upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 7th. Argus upgraded Sun Life Financial to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sun Life Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

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.