Cidel Asset Management Inc. Has $1.57 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

Cidel Asset Management Inc. decreased its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 26,384 shares of the financial services provider’s stock after selling 416 shares during the period. Cidel Asset Management Inc.’s holdings in Sun Life Financial were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in Sun Life Financial by 7.6% in 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 purchasing an additional 654,404 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Sun Life Financial by 1.3% in the third quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock valued at $377,311,000 after buying an additional 81,261 shares during the period. National Bank of Canada FI grew its position in Sun Life Financial by 28.2% during the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock worth $338,621,000 after buying an additional 1,284,556 shares in the last quarter. FMR LLC increased its stake in Sun Life Financial by 5.2% during the third quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after acquiring an additional 257,178 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Sun Life Financial by 1.2% in 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 acquiring an additional 34,072 shares in the last quarter. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Up 0.7 %

NYSE:SLF opened at $59.21 on Friday. The firm has a 50-day moving average price of $59.27 and a 200 day moving average price of $56.79. The firm has a market capitalization of $37.19 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85.

Wall Street Analysts Forecast Growth

SLF has been the topic of several recent research reports. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.