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

Cidel Asset Management Inc. cut its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,384 shares of the financial services provider’s stock after selling 416 shares during the quarter. Cidel Asset Management Inc.’s holdings in Sun Life Financial were worth $1,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SLF. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Sun Life Financial by 10.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 38,144 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 3,581 shares during the period. Sivia Capital Partners LLC purchased a new stake in Sun Life Financial in the 3rd quarter worth approximately $212,000. Creative Planning boosted its stake in shares of Sun Life Financial by 1.2% during the 3rd quarter. Creative Planning now owns 48,558 shares of the financial services provider’s stock valued at $2,817,000 after buying an additional 590 shares during the period. Heathbridge Capital Management Ltd. purchased a new position in shares of Sun Life Financial during the 3rd quarter valued at $244,000. Finally, Well Done LLC acquired a new position in shares of Sun Life Financial in the third quarter worth $216,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

SLF opened at $59.21 on Friday. The stock has a 50-day moving average of $59.27 and a 200-day moving average of $56.79. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $62.85. The company has a market cap 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.

Analyst Upgrades and Downgrades

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