Sun Life Financial Inc. $SLF Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,389 shares of the financial services provider’s stock after acquiring an additional 600 shares during the period. Yousif Capital Management LLC’s holdings in Sun Life Financial were worth $557,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SLF. Investment Management Corp VA ADV lifted its stake in Sun Life Financial by 164.5% during the 1st quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Sun Life Financial by 53.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 231 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Sun Life Financial during the 1st quarter worth about $55,000. Clean Yield Group lifted its stake in Sun Life Financial by 36.8% during the 2nd quarter. Clean Yield Group now owns 925 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 249 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Sun Life Financial by 295.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SLF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. Morgan Stanley set a $89.00 price target on Sun Life Financial in a research report on Tuesday, October 7th. TD Securities raised Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 7th. UBS Group began coverage on Sun Life Financial in a research report on Thursday, October 16th. They issued a “neutral” rating on the stock. Finally, Barclays reaffirmed an “underweight” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sun Life Financial currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Sun Life Financial Stock Up 0.8%

NYSE:SLF opened at $61.53 on Thursday. The stock’s 50 day moving average price is $59.53 and its 200 day moving average price is $60.81. The company has a market capitalization of $34.36 billion, a PE ratio of 15.23, a P/E/G ratio of 1.66 and a beta of 0.90. Sun Life Financial Inc. has a 52-week low of $52.44 and a 52-week high of $66.81.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.34 billion. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.During the same quarter last year, the business posted $1.11 EPS. As a group, sell-side analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

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.