5,486 Shares in Sun Life Financial Inc. (NYSE:SLF) Purchased by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC acquired a new stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,486 shares of the financial services provider’s stock, valued at approximately $326,000.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Sun Life Financial by 7.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock worth $537,288,000 after acquiring an additional 654,404 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Sun Life Financial by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock worth $377,311,000 after buying an additional 81,261 shares in the last quarter. National Bank of Canada FI boosted its holdings in Sun Life Financial by 28.2% in the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock valued at $338,621,000 after acquiring an additional 1,284,556 shares during the last quarter. FMR LLC raised its holdings in Sun Life Financial by 5.2% during the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock worth $301,047,000 after purchasing an additional 257,178 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Sun Life Financial by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after purchasing an additional 34,072 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Price Performance

Shares of NYSE SLF opened at $57.98 on Thursday. The business has a 50-day moving average of $59.37 and a 200-day moving average of $56.77. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.57 and a beta of 1.03.

Wall Street Analyst Weigh In

Several analysts have commented on SLF shares. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.