Hilltop National Bank Invests $1.35 Million in Sun Life Financial Inc. $SLF

Hilltop National Bank acquired a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,239 shares of the financial services provider’s stock, valued at approximately $1,345,000.

Other hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV raised its position in shares of Sun Life Financial by 164.5% during the first quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 385 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Sun Life Financial by 53.2% in the first quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 231 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Sun Life Financial in the first quarter worth approximately $55,000. Clean Yield Group increased its holdings in Sun Life Financial by 36.8% in the second quarter. Clean Yield Group now owns 925 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 249 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Sun Life Financial by 295.7% in the second quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 834 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SLF has been the subject of a number of research analyst reports. Argus upgraded Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. National Bank Financial downgraded Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Barclays downgraded Sun Life Financial from an “equal weight” rating to an “underweight” rating in a report on Monday, July 7th. Finally, Scotiabank upgraded Sun Life Financial to a “hold” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Sun Life Financial Trading Down 0.0%

Shares of Sun Life Financial stock opened at $60.16 on Friday. The stock has a fifty day simple moving average of $59.23 and a 200 day simple moving average of $60.39. Sun Life Financial Inc. has a 12-month low of $52.44 and a 12-month high of $66.81. The company has a market capitalization of $33.72 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Company 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.