Louisbourg Investments Inc. Has $74,000 Stake in Sun Life Financial Inc. (NYSE:SLF)

Louisbourg Investments Inc. boosted its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 49.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,252 shares of the financial services provider’s stock after buying an additional 417 shares during the period. Louisbourg Investments Inc.’s holdings in Sun Life Financial were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Assetmark Inc. raised its position in Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC raised 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 valued at $38,000 after purchasing an additional 361 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in Sun Life Financial in the 4th quarter valued at $45,000. Wilmington Savings Fund Society FSB bought a new position in Sun Life Financial in the 3rd quarter valued at $51,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Sun Life Financial during the fourth quarter worth $95,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analysts Set New Price Targets

SLF has been the subject of a number of recent research reports. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy”.

Sun Life Financial Trading Down 0.7 %

NYSE SLF opened at $58.46 on Wednesday. The stock has a 50-day simple moving average of $59.11 and a 200 day simple moving average of $57.08. The company has a market capitalization of $36.72 billion, a PE ratio of 13.02, a P/E/G ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.

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.