StockNews.com Upgrades Sun Life Financial (NYSE:SLF) to Buy

Sun Life Financial (NYSE:SLF) (TSE:SLF) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Sun Life Financial Price Performance

Shares of SLF opened at $58.52 on Monday. The firm has a market cap of $33.58 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.58 and a beta of 1.03. Sun Life Financial has a 1 year low of $46.41 and a 1 year high of $62.85. The stock has a 50 day simple moving average of $59.76 and a two-hundred day simple moving average of $56.45.

Institutional Trading of Sun Life Financial

Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after buying an additional 522 shares during the last quarter. Addison Advisors LLC raised its stake 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 valued at $38,000 after acquiring an additional 361 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Sun Life Financial during the third quarter worth about $39,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Sun Life Financial in the fourth quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Sun Life Financial during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

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.