Compagnie Lombard Odier SCmA Invests $551,000 in Sun Life Financial Inc. $SLF

Compagnie Lombard Odier SCmA acquired a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,174 shares of the financial services provider’s stock, valued at approximately $551,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLF. Farther Finance Advisors LLC lifted its holdings in Sun Life Financial by 16.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 186 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Sun Life Financial by 5.8% during the third quarter. HB Wealth Management LLC now owns 3,777 shares of the financial services provider’s stock valued at $227,000 after buying an additional 208 shares during the period. Westside Investment Management Inc. boosted its position in Sun Life Financial by 62.8% during the second quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 223 shares during the last quarter. Addison Advisors LLC boosted its position in Sun Life Financial by 48.8% during the second quarter. Addison Advisors LLC now owns 704 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 231 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Sun Life Financial by 130.6% in the 2nd quarter. Private Trust Co. NA now owns 429 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 243 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Price Performance

NYSE SLF opened at $65.48 on Wednesday. Sun Life Financial Inc. has a 1-year low of $52.44 and a 1-year high of $66.81. The firm has a market capitalization of $36.26 billion, a P/E ratio of 17.41 and a beta of 0.88. The business’s 50-day simple moving average is $62.25 and its 200-day simple moving average is $60.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SLF shares. UBS Group began coverage on Sun Life Financial in a report on Thursday, October 16th. They set a “neutral” rating on the stock. Barclays reiterated an “underweight” rating on shares of Sun Life Financial in a research report on Thursday, January 8th. Scotiabank restated a “sector perform” rating on shares of Sun Life Financial in a report on Thursday, February 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $84.00 price objective on shares of Sun Life Financial in a report on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sun Life Financial in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and an average target price of $86.50.

Sun Life Financial Profile

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.