5,790 Shares in Sun Life Financial Inc. $SLF Bought by Baader Bank Aktiengesellschaft

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 purchased a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,790 shares of the financial services provider's stock, valued at approximately $386,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sun Life Financial by 1.5% in the first quarter. Vanguard Group Inc. now owns 24,595,092 shares of the financial services provider's stock valued at $1,407,626,000 after purchasing an additional 361,596 shares during the period. TD Asset Management Inc grew its holdings in Sun Life Financial by 2.4% during the 1st quarter. TD Asset Management Inc now owns 16,100,340 shares of the financial services provider's stock worth $921,330,000 after acquiring an additional 374,682 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Sun Life Financial by 8.9% during the 1st 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 in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Sun Life Financial by 5.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 6,748,255 shares of the financial services provider's stock worth $385,740,000 after purchasing an additional 335,054 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Sun Life Financial by 4.8% during the 1st quarter. Bank of Nova Scotia now owns 5,780,001 shares of the financial services provider's stock worth $330,848,000 after purchasing an additional 266,732 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SLF. Scotiabank raised shares of Sun Life Financial to a "hold" rating in a research report on Thursday, July 31st. Argus raised shares of Sun Life Financial to a "strong-buy" rating in a research report on Thursday, September 4th. National Bank Financial cut shares of Sun Life Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 7th. Finally, Barclays cut shares of Sun Life Financial from an "equal weight" rating to an "underweight" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Sun Life Financial Trading Up 0.2%

Shares of SLF stock traded up $0.14 during trading hours on Tuesday, hitting $60.06. 40,976 shares of the company were exchanged, compared to its average volume of 678,272. 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 capitalization of $33.66 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.61 and a beta of 0.89. The firm has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $60.21.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share for the quarter, meeting analysts' consensus estimates of $1.29. Sun Life Financial had a net margin of 7.59% and a return on equity of 17.21%. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.34 billion. During the same period in the previous year, the business earned $1.11 EPS. Sell-side analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current 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.