Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Advisory Resource Group

Advisory Resource Group cut its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,086 shares of the financial services provider’s stock after selling 278 shares during the quarter. Advisory Resource Group’s holdings in Sun Life Financial were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in Sun Life Financial by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after acquiring an additional 200 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in Sun Life Financial by 0.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 250 shares during the last quarter. Five Oceans Advisors raised its holdings in shares of Sun Life Financial by 8.1% in the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock valued at $230,000 after buying an additional 292 shares during the last quarter. State Street Corp raised its holdings in shares of Sun Life Financial by 0.8% in the third quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock valued at $2,291,000 after buying an additional 330 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after buying an additional 361 shares during the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sun Life Financial Stock Performance

Shares of NYSE:SLF opened at $59.21 on Friday. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85. The company has a 50-day simple moving average of $59.23 and a 200-day simple moving average of $56.85.

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.