Vanguard Personalized Indexing Management LLC Buys 5,231 Shares of Sun Life Financial Inc. $SLF

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in Sun Life Financial by 20.7%, adding 5,231 shares, bringing its total to 30,441 shares worth $2,023,000.
• Several institutional investors have also significantly increased their stakes in Sun Life Financial, with Farther Finance Advisors LLC boosting their holdings by 295.7% during the second quarter.
• Sun Life Financial's latest earnings report showed an EPS of $1.29, matching analysts' expectations, but the company's revenue fell short at $6.65 billion against the expected $7.34 billion.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,441 shares of the financial services provider's stock after purchasing an additional 5,231 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Sun Life Financial were worth $2,023,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SLF. Investment Management Corp VA ADV lifted its holdings 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 buying an additional 385 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Sun Life Financial by 53.2% in the first 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. purchased a new position in Sun Life Financial in the first quarter worth about $55,000. Clean Yield Group grew its stake in shares of Sun Life Financial by 36.8% during the 2nd quarter. Clean Yield Group now owns 925 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 249 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Sun Life Financial by 295.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 834 shares during the last quarter. Institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SLF shares. Scotiabank raised shares of Sun Life Financial to a "hold" rating in a report on Thursday, July 31st. Morgan Stanley set a $89.00 price objective on shares of Sun Life Financial in a research report on Tuesday, October 7th. Barclays reaffirmed an "underweight" rating on shares of Sun Life Financial in a report on Wednesday, October 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Sun Life Financial in a report on Wednesday, October 8th. Finally, TD Securities upgraded Sun Life Financial from a "hold" rating to a "buy" rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Sun Life Financial presently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Sun Life Financial Stock Performance

SLF opened at $61.02 on Friday. The stock has a market cap of $37.50 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The firm's fifty day moving average is $59.23 and its 200 day moving average is $60.70. Sun Life Financial Inc. has a fifty-two week low of $52.44 and a fifty-two week high of $66.81.

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

Sun Life Financial 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.

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