Villere ST Denis J & Co. LLC Invests $263,000 in Sun Life Financial Inc (SLF) Stock

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Villere ST Denis J & Co. LLC purchased a new stake in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,857 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other large investors have also recently modified their holdings of the business. Unison Advisors LLC lifted its holdings in Sun Life Financial by 0.9% during the first quarter. Unison Advisors LLC now owns 34,399 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 312 shares in the last quarter. Comerica Bank lifted its holdings in shares of Sun Life Financial by 0.9% in the fourth quarter. Comerica Bank now owns 44,376 shares of the financial services provider’s stock worth $1,598,000 after buying an additional 396 shares in the last quarter. Heathbridge Capital Management Ltd. lifted its holdings in shares of Sun Life Financial by 6.7% in the fourth quarter. Heathbridge Capital Management Ltd. now owns 6,400 shares of the financial services provider’s stock worth $213,000 after buying an additional 400 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Sun Life Financial by 16.6% in the fourth quarter. Advisors Asset Management Inc. now owns 3,188 shares of the financial services provider’s stock worth $106,000 after buying an additional 455 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Sun Life Financial by 3.9% in the fourth quarter. Advisor Group Inc. now owns 12,935 shares of the financial services provider’s stock worth $429,000 after buying an additional 483 shares in the last quarter. 41.49% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on SLF. Zacks Investment Research downgraded shares of Sun Life Financial from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. BMO Capital Markets reissued a “buy” rating and issued a $58.00 target price on shares of Sun Life Financial in a report on Friday, April 26th. CIBC downgraded shares of Sun Life Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $53.00 to $54.00 in a report on Thursday, March 14th. ValuEngine raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Scotiabank reissued a “hold” rating and issued a $54.00 target price on shares of Sun Life Financial in a report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Sun Life Financial has a consensus rating of “Hold” and a consensus price target of $52.60.

SLF traded down $0.02 during trading hours on Friday, hitting $41.31. The company’s stock had a trading volume of 12,914 shares, compared to its average volume of 480,792. Sun Life Financial Inc has a 12 month low of $31.49 and a 12 month high of $43.99. The stock has a market capitalization of $24.57 billion, a PE ratio of 10.99 and a beta of 0.88.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.32. Sun Life Financial had a net margin of 9.71% and a return on equity of 13.83%. The company had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. Sun Life Financial’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts anticipate that Sun Life Financial Inc will post 3.76 earnings per share for the current 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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