Sun Life Financial Inc. $SLF Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL trimmed its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,379 shares of the financial services provider’s stock after selling 216 shares during the period. Capital City Trust Co. FL’s holdings in Sun Life Financial were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its stake in Sun Life Financial by 3.4% in the first quarter. Benjamin Edwards Inc. now owns 5,052 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 167 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Sun Life Financial by 1.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 10,801 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 180 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in Sun Life Financial by 4.4% in the first quarter. HighPoint Advisor Group LLC now owns 4,330 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 181 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Sun Life Financial by 0.4% in the first quarter. Public Sector Pension Investment Board now owns 55,447 shares of the financial services provider’s stock valued at $3,173,000 after acquiring an additional 200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sun Life Financial by 2.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,444 shares of the financial services provider’s stock worth $683,000 after buying an additional 224 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock opened at $60.30 on Friday. The firm has a fifty day moving average price of $59.18 and a 200 day moving average price of $60.45. Sun Life Financial Inc. has a 1 year low of $52.44 and a 1 year high of $66.81. The stock has a market cap of $33.80 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its 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 net margin of 7.59% and a return on equity of 17.21%. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same quarter last year, the company posted $1.11 earnings per share. As a group, equities analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Wall Street Analysts Forecast Growth

SLF has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Sun Life Financial in a research note on Saturday, September 27th. Scotiabank upgraded shares of Sun Life Financial to a “hold” rating in a research note on Thursday, July 31st. Barclays downgraded shares of Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 7th. National Bank Financial downgraded shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Finally, Argus upgraded shares of Sun Life Financial to a “strong-buy” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.00.

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.