1,553 Shares in Sun Life Financial Inc. $SLF Bought by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC acquired a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the second quarter, Holdings Channel reports. The firm acquired 1,553 shares of the financial services provider’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLF. Goldman Sachs Group Inc. lifted its position in shares of Sun Life Financial by 282.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,776,920 shares of the financial services provider’s stock valued at $159,006,000 after buying an additional 2,050,891 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Sun Life Financial by 47.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,221,447 shares of the financial services provider’s stock worth $241,643,000 after acquiring an additional 1,353,508 shares in the last quarter. Value Partners Investments Inc. lifted its position in Sun Life Financial by 1,002.9% during the first quarter. Value Partners Investments Inc. now owns 1,120,888 shares of the financial services provider’s stock valued at $64,216,000 after acquiring an additional 1,019,254 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Sun Life Financial in the first quarter valued at approximately $50,968,000. Finally, 1832 Asset Management L.P. grew its holdings in Sun Life Financial by 8.9% in the first quarter. 1832 Asset Management L.P. now owns 10,338,250 shares of the financial services provider’s stock worth $591,968,000 after purchasing an additional 846,735 shares during the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

SLF has been the subject of several analyst reports. Barclays lowered Sun Life Financial from an “equal weight” rating to an “underweight” rating in a report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sun Life Financial in a research note on Saturday, September 27th. Scotiabank raised Sun Life Financial to a “hold” rating in a report on Thursday, July 31st. Argus upgraded shares of Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. Finally, National Bank Financial lowered shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.00.

Sun Life Financial Stock Up 0.3%

Shares of NYSE:SLF opened at $60.30 on Monday. Sun Life Financial Inc. has a 52-week low of $52.44 and a 52-week high of $66.81. The stock has a market cap of $37.06 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.62 and a beta of 0.90. The business has a 50-day moving average price of $59.18 and a 200-day moving average price of $60.47.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its earnings results on Thursday, August 7th. The financial services provider reported $1.29 EPS for the quarter, meeting analysts’ consensus estimates of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.34 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. As a group, equities analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

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.