Focus Partners Advisor Solutions LLC Takes Position in Sun Life Financial Inc. $SLF

Focus Partners Advisor Solutions LLC bought a new stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,608 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently modified their holdings of the stock. Benjamin Edwards Inc. lifted its position in shares of Sun Life Financial by 3.4% during the 1st quarter. Benjamin Edwards Inc. now owns 5,052 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 167 shares during the period. HighPoint Advisor Group LLC raised its holdings in shares of Sun Life Financial by 4.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,330 shares of the financial services provider’s stock worth $256,000 after buying an additional 181 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Sun Life Financial by 0.4% during the 1st quarter. Public Sector Pension Investment Board now owns 55,447 shares of the financial services provider’s stock worth $3,173,000 after buying an additional 200 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sun Life Financial by 2.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,444 shares of the financial services provider’s stock worth $683,000 after buying an additional 224 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of 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 buying an additional 231 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Down 0.5%

Shares of SLF opened at $60.81 on Friday. Sun Life Financial Inc. has a 12-month low of $52.44 and a 12-month high of $66.81. The business has a 50-day simple moving average of $59.97 and a two-hundred day simple moving average of $61.21. The stock has a market cap of $33.96 billion, a PE ratio of 15.05, a PEG ratio of 1.67 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its 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. 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 quarter in the prior year, the firm earned $1.11 EPS. On average, equities research analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SLF shares. Barclays reissued an “underweight” rating on shares of Sun Life Financial in a report on Wednesday, October 8th. TD Securities raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 7th. UBS Group started coverage on Sun Life Financial in a report on Thursday, October 16th. They set a “neutral” rating for the company. Morgan Stanley set a $89.00 price target on Sun Life Financial in a report on Tuesday, October 7th. Finally, Argus raised Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

About Sun Life Financial

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.