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

Pathway Financial Advisers LLC grew its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,561 shares of the financial services provider’s stock after purchasing 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.

A number of other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in Sun Life Financial by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock valued at $537,288,000 after buying an additional 654,404 shares during the period. CIBC Asset Management Inc grew its stake in Sun Life Financial by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock valued at $377,311,000 after acquiring an additional 81,261 shares in the last quarter. National Bank of Canada FI grew its stake in Sun Life Financial by 28.2% during the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock valued at $338,621,000 after acquiring an additional 1,284,556 shares in the last quarter. FMR LLC increased its holdings in shares of Sun Life Financial by 5.2% in the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after purchasing an additional 257,178 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Sun Life Financial by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock worth $164,876,000 after purchasing an additional 34,072 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock opened at $59.28 on Thursday. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.61 and a beta of 1.03. The stock has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $57.10. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $62.85.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLF. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. National Bank Financial upgraded shares of 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 company. According to MarketBeat, the stock currently has a consensus 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.