Sun Life Financial Inc. $SLF Position Lowered by BCV Asset Management Inc.

BCV Asset Management Inc. trimmed its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834,448 shares of the financial services provider’s stock after selling 32,321 shares during the quarter. Sun Life Financial comprises about 2.0% of BCV Asset Management Inc.’s investment portfolio, making the stock its 21st biggest holding. BCV Asset Management Inc.’s holdings in Sun Life Financial were worth $65,471,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SLF. Cassaday & Co Wealth Management LLC bought a new stake in Sun Life Financial during the first quarter worth about $25,000. Scarborough Advisors LLC bought a new position in shares of Sun Life Financial during the first quarter valued at approximately $33,000. First Bancorp Inc ME bought a new position in shares of Sun Life Financial during the second quarter valued at approximately $35,000. Capital Analysts LLC purchased a new position in shares of Sun Life Financial during the second quarter valued at approximately $58,000. Finally, Danske Bank A S purchased a new position in shares of Sun Life Financial during the second quarter valued at approximately $79,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank upgraded Sun Life Financial from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, October 27th. Weiss Ratings upgraded Sun Life Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 29th. Royal Bank Of Canada boosted their target price on Sun Life Financial from $98.00 to $119.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Wall Street Zen raised Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, UBS Group restated a “neutral” rating on shares of Sun Life Financial in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.50.

Sun Life Financial Stock Up 0.0%

NYSE:SLF opened at $72.90 on Friday. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.91 and a beta of 0.86. The company’s 50 day moving average price is $78.60 and its 200-day moving average price is $73.94. Sun Life Financial Inc. has a 52 week low of $57.22 and a 52 week high of $84.38.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $986.89 million. Sun Life Financial had a net margin of 8.62% and a return on equity of 18.21%. As a group, sell-side analysts anticipate that Sun Life Financial Inc. will post 5.46 earnings per share for the current year.

Sun Life Financial Profile

Sun Life Financial Inc. is a Canadian financial services company that provides insurance, wealth management and asset management services. Founded in 1865 as Sun Life Assurance Company of Canada, it has grown into an international business serving individual, workplace and institutional clients. The company offers life, health and dental insurance, disability coverage and group benefits, as well as savings, retirement and investment products. Its asset management businesses provide investment management services to individuals and institutions.