Intact Investment Management Inc. Raises Stake in Sun Life Financial Inc (SLF)

Intact Investment Management Inc. grew its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 333.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,400 shares of the financial services provider’s stock after purchasing an additional 96,500 shares during the period. Intact Investment Management Inc.’s holdings in Sun Life Financial were worth $6,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board increased its holdings in shares of Sun Life Financial by 538.9% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 122,706 shares of the financial services provider’s stock valued at $4,931,000 after purchasing an additional 103,499 shares during the period. Bridgewater Associates LP increased its holdings in Sun Life Financial by 226.0% in the second quarter. Bridgewater Associates LP now owns 262,520 shares of the financial services provider’s stock worth $10,543,000 after buying an additional 182,000 shares during the last quarter. Bank of Nova Scotia increased its holdings in Sun Life Financial by 6.4% in the second quarter. Bank of Nova Scotia now owns 3,148,394 shares of the financial services provider’s stock worth $126,759,000 after buying an additional 189,407 shares during the last quarter. Bank of Montreal Can increased its holdings in Sun Life Financial by 19.0% in the third quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock worth $507,793,000 after buying an additional 2,039,994 shares during the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Sun Life Financial by 22.3% in the first quarter. Suntrust Banks Inc. now owns 6,707 shares of the financial services provider’s stock worth $275,000 after buying an additional 1,225 shares during the last quarter. Institutional investors own 41.50% of the company’s stock.

A number of equities analysts recently commented on SLF shares. Zacks Investment Research downgraded Sun Life Financial from a “hold” rating to a “sell” rating in a report on Monday, August 27th. ValuEngine cut Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Evercore ISI started coverage on Sun Life Financial in a research report on Tuesday, July 10th. They issued an “outperform” rating for the company. Finally, Desjardins reaffirmed a “buy” rating on shares of Sun Life Financial in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Sun Life Financial presently has an average rating of “Buy” and a consensus target price of $53.75.



Sun Life Financial stock opened at $36.07 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.06 and a quick ratio of 4.06. Sun Life Financial Inc has a 52-week low of $35.78 and a 52-week high of $44.50. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 10.14 and a beta of 0.81.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.32. Sun Life Financial had a return on equity of 13.44% and a net margin of 9.24%. The firm had revenue of $5.29 billion during the quarter. During the same quarter in the prior year, the company earned $1.12 earnings per share. Equities analysts anticipate that Sun Life Financial Inc will post 3.58 EPS for the current fiscal year.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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