Cwm LLC Has $312,000 Holdings in Sun Life Financial Inc. (NYSE:SLF)

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Cwm LLC grew its holdings in Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) by 5.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,595 shares of the financial services provider’s stock after purchasing an additional 299 shares during the period. Cwm LLC’s holdings in Sun Life Financial were worth $312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brinker Capital Investments LLC raised its holdings in shares of Sun Life Financial by 1.4% in the fourth quarter. Brinker Capital Investments LLC now owns 12,828 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 173 shares during the last quarter. JCIC Asset Management Inc. grew its stake in shares of Sun Life Financial by 0.8% in the first quarter. JCIC Asset Management Inc. now owns 26,721 shares of the financial services provider’s stock valued at $1,492,000 after buying an additional 205 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Sun Life Financial by 8.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,735 shares of the financial services provider’s stock valued at $152,000 after buying an additional 224 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Sun Life Financial by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,691 shares of the financial services provider’s stock valued at $1,152,000 after buying an additional 264 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Sun Life Financial by 1.2% in the fourth quarter. Cetera Investment Advisers now owns 22,447 shares of the financial services provider’s stock valued at $1,250,000 after buying an additional 269 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

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Several equities analysts recently weighed in on SLF shares. Scotiabank decreased their target price on shares of Sun Life Financial from C$71.00 to C$67.00 in a research note on Friday, May 13th. StockNews.com started coverage on shares of Sun Life Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. National Bank Financial decreased their target price on shares of Sun Life Financial from C$72.00 to C$68.00 in a research note on Wednesday, June 1st. Canaccord Genuity Group reduced their price objective on shares of Sun Life Financial from C$75.50 to C$67.00 in a research report on Sunday, May 15th. Finally, Barclays started coverage on shares of Sun Life Financial in a research report on Thursday, June 9th. They set an “overweight” rating and a $71.00 price objective for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.23.

Shares of Sun Life Financial stock opened at $45.48 on Friday. The firm has a 50-day moving average of $47.65 and a 200-day moving average of $52.30. The stock has a market cap of $26.65 billion, a PE ratio of 8.70, a PEG ratio of 1.06 and a beta of 1.05. Sun Life Financial Inc. has a 52-week low of $43.80 and a 52-week high of $58.49.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last announced its earnings results on Wednesday, May 11th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The company had revenue of $300.00 million during the quarter. Sun Life Financial had a net margin of 11.38% and a return on equity of 13.66%. Equities analysts anticipate that Sun Life Financial Inc. will post 4.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were given a $0.537 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Tuesday, May 31st. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.52. Sun Life Financial’s payout ratio is presently 41.68%.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Want to see what other hedge funds are holding SLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF).

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)



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