Todd Asset Management LLC grew its holdings in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 2.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 393,739 shares of the financial services provider’s stock after acquiring an additional 9,065 shares during the quarter. Todd Asset Management LLC’s holdings in Sun Life Financial were worth $15,124,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SLF. Norges Bank acquired a new position in Sun Life Financial during the 4th quarter worth $156,689,000. Mackenzie Financial Corp boosted its position in Sun Life Financial by 53.2% during the 4th quarter. Mackenzie Financial Corp now owns 8,668,680 shares of the financial services provider’s stock worth $287,713,000 after acquiring an additional 3,009,510 shares during the period. Beutel Goodman & Co Ltd. lifted its holdings in shares of Sun Life Financial by 10.7% in the first quarter. Beutel Goodman & Co Ltd. now owns 14,207,568 shares of the financial services provider’s stock valued at $545,823,000 after buying an additional 1,374,903 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Sun Life Financial by 33.6% in the first quarter. Toronto Dominion Bank now owns 3,986,188 shares of the financial services provider’s stock valued at $153,562,000 after buying an additional 1,002,332 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Sun Life Financial by 17.4% in the first quarter. CIBC Asset Management Inc now owns 6,374,052 shares of the financial services provider’s stock valued at $244,877,000 after buying an additional 944,977 shares during the period. Institutional investors own 42.07% of the company’s stock.
Several analysts have recently weighed in on SLF shares. BMO Capital Markets restated a “buy” rating and issued a $58.00 price objective on shares of Sun Life Financial in a report on Friday, April 26th. Scotiabank lowered Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, February 6th. CIBC lowered Sun Life Financial from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $53.00 to $54.00 in a report on Thursday, March 14th. Canaccord Genuity restated a “hold” rating on shares of Sun Life Financial in a report on Tuesday, February 5th. Finally, ValuEngine upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Sun Life Financial currently has an average rating of “Hold” and an average target price of $52.60.
Shares of Sun Life Financial stock traded down $0.36 during trading on Wednesday, hitting $39.99. The stock had a trading volume of 6,086 shares, compared to its average volume of 479,022. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 10.66 and a beta of 0.88. Sun Life Financial Inc has a fifty-two week low of $31.49 and a fifty-two week high of $43.99.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.29. The business had revenue of $11.39 billion during the quarter, compared to analyst estimates of $7.35 billion. Sun Life Financial had a return on equity of 13.58% and a net margin of 7.96%. The company’s revenue was up 90.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, equities research analysts expect that Sun Life Financial Inc will post 3.74 EPS for the current year.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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