Sun Life Financial (NYSE:SLF) Price Target Increased to C$69.00 by Analysts at National Bank Financial

Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) had its target price raised by equities researchers at National Bank Financial from C$66.00 to C$69.00 in a report released on Wednesday, The Fly reports.

SLF has been the subject of several other research reports. Royal Bank of Canada cut their price objective on shares of Sun Life Financial from C$78.00 to C$75.00 in a research report on Friday, November 4th. Credit Suisse Group started coverage on Sun Life Financial in a research note on Thursday, January 12th. They set an “outperform” rating for the company. Barclays lowered their target price on Sun Life Financial from C$67.00 to C$63.00 in a research note on Wednesday, October 12th. Finally, StockNews.com started coverage on Sun Life Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Sun Life Financial Price Performance

SLF traded up $0.01 on Wednesday, hitting $49.06. 560,520 shares of the stock were exchanged, compared to its average volume of 398,745. Sun Life Financial has a 12 month low of $37.96 and a 12 month high of $58.49. The business has a 50-day moving average of $46.86 and a two-hundred day moving average of $44.92. The firm has a market capitalization of $28.77 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.18 and a beta of 1.00.

Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.17. Sun Life Financial had a net margin of 13.67% and a return on equity of 13.30%. The business had revenue of $6.62 billion during the quarter. Equities research analysts expect that Sun Life Financial will post 4.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new position in shares of Sun Life Financial in the 1st quarter valued at about $32,000. Banque Cantonale Vaudoise bought a new stake in shares of Sun Life Financial in the 2nd quarter valued at $27,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Sun Life Financial during the 3rd quarter valued at $26,000. Addison Advisors LLC boosted its stake in Sun Life Financial by 205.8% during the third quarter. Addison Advisors LLC now owns 743 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in Sun Life Financial in the third quarter worth $31,000. Institutional investors and hedge funds own 44.94% of the company’s stock.

About Sun Life Financial

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Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.