National Bank Financial Upgrades Sun Life Financial (NYSE:SLF) to Outperform

Sun Life Financial (NYSE:SLF) (TSE:SLF) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. National Bank Financial also issued estimates for Sun Life Financial’s FY2026 earnings at $5.77 EPS.

Separately, StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Sun Life Financial Price Performance

SLF stock opened at $58.99 on Wednesday. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The firm’s 50-day moving average is $59.97 and its 200 day moving average is $55.87. The company has a market capitalization of $33.85 billion, a PE ratio of 13.14, a P/E/G ratio of 1.53 and a beta of 1.03.

Hedge Funds Weigh In On Sun Life Financial

A number of large investors have recently bought and sold shares of the business. Assetmark Inc. increased its holdings in shares of 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 acquiring an additional 522 shares during the period. Addison Advisors LLC increased its position in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 361 shares in the last quarter. Clean Yield Group acquired a new stake in Sun Life Financial during the 3rd quarter worth about $39,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Sun Life Financial during the 4th quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sun Life Financial in the third quarter valued at about $51,000. Institutional investors own 52.26% of the company’s stock.

About Sun Life Financial

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.