State of Wyoming Has $56,000 Stock Holdings in Sun Life Financial Inc. $SLF

Key Points

• The State of Wyoming reduced its holdings in Sun Life Financial Inc. by 89.3%, now owning only 986 shares worth approximately $56,000.
• Notable hedge funds such as Vanguard Group Inc. and TD Asset Management Inc. increased their stakes in Sun Life Financial, highlighting strong interest from institutional investors who collectively own 52.26% of the company's stock.
• Recent analyst ratings for Sun Life Financial include a "strong-buy" from Argus, while National Bank Financial downgraded its rating from "strong-buy" to "hold," reflecting mixed sentiments among analysts.

State of Wyoming reduced its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 89.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 986 shares of the financial services provider's stock after selling 8,261 shares during the period. State of Wyoming's holdings in Sun Life Financial were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLF. Wellington Management Group LLP increased its stake in Sun Life Financial by 2,071.4% in the 4th quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider's stock valued at $80,160,000 after buying an additional 1,288,545 shares during the last quarter. Value Partners Investments Inc. increased its stake in shares of Sun Life Financial by 1,002.9% during the 1st quarter. Value Partners Investments Inc. now owns 1,120,888 shares of the financial services provider's stock worth $64,216,000 after purchasing an additional 1,019,254 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Sun Life Financial during the 1st quarter worth about $50,968,000. 1832 Asset Management L.P. increased its stake 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 during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Sun Life Financial during the 1st quarter worth about $23,135,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Trading Up 0.8%

NYSE SLF traded up $0.46 during trading on Monday, reaching $59.69. The company's stock had a trading volume of 386,295 shares, compared to its average volume of 601,900. The firm has a market capitalization of $33.55 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Sun Life Financial Inc. has a 12 month low of $52.44 and a 12 month high of $66.81. The firm has a 50 day moving average price of $59.92 and a 200 day moving average price of $60.08.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.29. The firm 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 in the previous year, the firm posted $1.11 EPS. On average, equities analysts forecast that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SLF has been the topic of several recent analyst reports. Scotiabank upgraded shares of Sun Life Financial to a "hold" rating in a research note on Thursday, July 31st. National Bank Financial lowered shares of Sun Life Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 7th. Barclays lowered shares of Sun Life Financial from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 7th. Finally, Argus upgraded shares of 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 assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.