Sun Life Financial Inc (NYSE:SLF) Stake Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 37.7% during the first quarter, HoldingsChannel.com reports. The firm owned 21,401 shares of the financial services provider’s stock after selling 12,950 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sun Life Financial were worth $861,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bremer Trust National Association purchased a new stake in Sun Life Financial during the fourth quarter valued at approximately $28,000. Bremer Bank National Association purchased a new stake in Sun Life Financial during the first quarter valued at approximately $34,000. Enlightenment Research LLC purchased a new stake in Sun Life Financial during the fourth quarter valued at approximately $33,000. Arbor Wealth Management LLC purchased a new stake in Sun Life Financial during the fourth quarter valued at approximately $33,000. Finally, Lindbrook Capital LLC purchased a new stake in Sun Life Financial during the fourth quarter valued at approximately $36,000. 41.00% of the stock is currently owned by institutional investors.

SLF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating and set a $42.00 price target on the stock in a research note on Friday, June 7th. Scotiabank restated a “hold” rating and set a $54.00 price target on shares of Sun Life Financial in a research note on Wednesday, February 20th. ValuEngine upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. CIBC lowered shares of Sun Life Financial from a “neutral” rating to an “underperform” rating and upped their price target for the company from $53.00 to $54.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets restated a “buy” rating and set a $58.00 price target on shares of Sun Life Financial in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.20.



NYSE:SLF opened at $40.15 on Wednesday. The firm has a market capitalization of $24.09 billion, a PE ratio of 10.71 and a beta of 0.88. Sun Life Financial Inc has a 1-year low of $31.49 and a 1-year high of $42.50.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.29. The firm had revenue of $11.39 billion for the quarter, compared to analyst estimates of $7.35 billion. Sun Life Financial had a net margin of 7.96% and a return on equity of 13.58%. The business’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Research analysts forecast that Sun Life Financial Inc will post 3.72 EPS for the current fiscal year.

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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 worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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

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