Baader Bank Aktiengesellschaft Purchases Shares of 5,790 Sun Life Financial Inc. $SLF

Key Points

• Baader Bank Aktiengesellschaft acquired 5,790 shares of Sun Life Financial Inc., valued at approximately $386,000, as part of a recent investment strategy during the 2nd quarter.
• Several institutional investors, including Goldman Sachs and Acadian Asset Management, have significantly increased their stakes in Sun Life Financial, demonstrating growing confidence in the firm.
• Analyst ratings for Sun Life Financial are mixed, with one strong buy, several holds, and some downgrades, leading to an average rating of "Moderate Buy" and a consensus price target of $88.00.

Baader Bank Aktiengesellschaft acquired a new stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,790 shares of the financial services provider's stock, valued at approximately $386,000.

Other hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV grew its position in shares of Sun Life Financial by 164.5% during the 1st quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 385 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Sun Life Financial by 53.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 231 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in shares of Sun Life Financial during the 1st quarter valued at $55,000. CX Institutional bought a new stake in shares of Sun Life Financial during the 1st quarter valued at $109,000. Finally, Harbour Investments Inc. boosted its holdings in Sun Life Financial by 12.1% in the 1st quarter. Harbour Investments Inc. now owns 3,310 shares of the financial services provider's stock worth $190,000 after buying an additional 357 shares during the period. Institutional investors own 52.26% of the company's stock.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded up $0.75 during trading hours on Friday, reaching $60.21. The company's stock had a trading volume of 438,507 shares, compared to its average volume of 591,782. Sun Life Financial Inc. has a one year low of $52.44 and a one year high of $66.81. The firm has a 50 day moving average price of $59.72 and a 200-day moving average price of $60.15. The stock has a market cap of $33.75 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.61 and a beta of 0.89.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.29. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.34 billion. Sun Life Financial had a net margin of 7.59% and a return on equity of 17.21%. During the same quarter last year, the firm earned $1.11 earnings per share. As a group, sell-side analysts forecast that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SLF shares. Barclays lowered Sun Life Financial from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 7th. Scotiabank upgraded Sun Life Financial to a "hold" rating in a research note on Thursday, July 31st. National Bank Financial lowered Sun Life Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 7th. Finally, Argus upgraded Sun Life Financial to a "strong-buy" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

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.