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

Advisory Resource Group lessened its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,086 shares of the financial services provider’s stock after selling 278 shares during the period. Advisory Resource Group’s holdings in Sun Life Financial were worth $1,133,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC increased its holdings in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 361 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Sun Life Financial in the 4th quarter valued at approximately $45,000. Wilmington Savings Fund Society FSB acquired a new stake in Sun Life Financial in the 3rd quarter valued at approximately $51,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Sun Life Financial in the fourth quarter worth $99,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Stock Up 0.7 %

NYSE:SLF opened at $59.21 on Friday. The company has a fifty day simple moving average of $59.23 and a two-hundred day simple moving average of $56.85. The company has a market cap of $37.19 billion, a price-to-earnings 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 52 week low of $46.41 and a 52 week high of $62.85.

Analyst Upgrades and Downgrades

Several research firms have commented on SLF. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note 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 research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.