Sun Life Financial Inc. (NYSE:SLF) Holdings Trimmed by Fiera Capital Corp

Fiera Capital Corp reduced its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 814,772 shares of the financial services provider’s stock after selling 21,380 shares during the quarter. Fiera Capital Corp’s holdings in Sun Life Financial were worth $48,326,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock worth $537,288,000 after acquiring an additional 654,404 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sun Life Financial by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after purchasing an additional 34,072 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Sun Life Financial in the third quarter worth approximately $878,000. FMR LLC boosted its holdings in shares of Sun Life Financial by 5.2% during the third quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock worth $301,047,000 after purchasing an additional 257,178 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sun Life Financial by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,580,531 shares of the financial services provider’s stock valued at $91,778,000 after purchasing an additional 79,155 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Sun Life Financial Trading Up 1.5 %

SLF opened at $59.28 on Thursday. The stock’s 50 day simple moving average is $59.11 and its 200-day simple moving average is $57.08. The stock has a market cap of $37.23 billion, a PE ratio of 13.20, a P/E/G ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. Equities analysts forecast that Sun Life Financial Inc. will post 4.76 earnings per share for the current fiscal year.

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.