StockNews.com Downgrades Sun Life Financial (NYSE:SLF) to Hold

Sun Life Financial (NYSE:SLF) (TSE:SLF) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sun Life Financial Price Performance

SLF opened at $58.78 on Wednesday. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The stock’s 50 day moving average price is $59.32 and its 200 day moving average price is $56.78. The stock has a market cap of $36.92 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.57 and a beta of 1.03.

Institutional Trading of Sun Life Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clean Yield Group bought a new stake in Sun Life Financial during the third quarter worth $39,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Sun Life Financial by 10.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 38,144 shares of the financial services provider’s stock worth $2,215,000 after acquiring an additional 3,581 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Sun Life Financial in the 3rd quarter valued at about $212,000. Creative Planning raised its position in shares of Sun Life Financial by 1.2% during the 3rd quarter. Creative Planning now owns 48,558 shares of the financial services provider’s stock valued at $2,817,000 after buying an additional 590 shares in the last quarter. Finally, Heathbridge Capital Management Ltd. bought a new stake in Sun Life Financial in the 3rd quarter worth approximately $244,000. 52.26% of the stock is currently owned by institutional investors.

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.