StockNews.com Downgrades Sun Life Financial (NYSE:SLF) to Hold

StockNews.com lowered shares of Sun Life Financial (NYSE:SLF) (TSE:SLF) from a buy rating to a hold rating in a report published on Wednesday morning.

Separately, National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sun Life Financial Stock Up 0.7 %

Shares of SLF stock opened at $59.21 on Wednesday. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The business’s 50 day moving average is $59.27 and its two-hundred day moving average is $56.79. The company has a market cap of $37.19 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.03.

Institutional Investors Weigh In On Sun Life Financial

Several hedge funds and other institutional investors have recently modified their holdings of SLF. Human Investing LLC acquired a new stake in shares of Sun Life Financial in the fourth quarter worth $26,000. Assetmark Inc. grew its stake in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 522 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 361 shares during the last quarter. Clean Yield Group bought a new position in Sun Life Financial in the third quarter worth $39,000. Finally, Asset Planning Inc bought a new position in Sun Life Financial in the fourth quarter worth $40,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

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.