Sun Life Financial Inc. $SLF Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,444 shares of the financial services provider’s stock after purchasing an additional 224 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sun Life Financial were worth $683,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Sun Life Financial by 5.9% in the first quarter. Northern Trust Corp now owns 522,752 shares of the financial services provider’s stock valued at $29,933,000 after purchasing an additional 29,222 shares during the period. Bank of Nova Scotia lifted its position in shares of Sun Life Financial by 4.8% in the first quarter. Bank of Nova Scotia now owns 5,780,001 shares of the financial services provider’s stock valued at $330,848,000 after acquiring an additional 266,732 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Sun Life Financial by 4.3% in the first quarter. Cerity Partners LLC now owns 24,889 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 1,022 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in shares of Sun Life Financial by 2,729.4% in the first quarter. Gulf International Bank UK Ltd now owns 33,557 shares of the financial services provider’s stock valued at $1,921,000 after acquiring an additional 32,371 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Sun Life Financial by 5,676.2% in the first quarter. GAMMA Investing LLC now owns 32,982 shares of the financial services provider’s stock valued at $1,889,000 after acquiring an additional 32,411 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Trading Up 0.3%

Shares of NYSE SLF opened at $60.30 on Friday. Sun Life Financial Inc. has a twelve month low of $52.44 and a twelve month high of $66.81. The stock has a fifty day simple moving average of $59.18 and a 200-day simple moving average of $60.42. The stock has a market capitalization of $33.80 billion, a PE ratio of 14.93, a PEG ratio of 1.61 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The business had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, equities analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Wall Street Analyst Weigh In

SLF has been the topic of several research reports. Argus upgraded Sun Life Financial to a “strong-buy” rating in a research report on Thursday, September 4th. National Bank Financial downgraded Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. Barclays downgraded Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sun Life Financial in a research report on Saturday, September 27th. Finally, Scotiabank upgraded Sun Life Financial to a “hold” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

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.