Sun Life Financial Inc (SLF) Given Consensus Rating of “Buy” by Brokerages

Shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $53.00.

A number of equities research analysts have weighed in on the company. Scotiabank raised Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, January 31st. TD Securities upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Zacks Investment Research cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $52.00 price target on shares of Sun Life Financial in a research note on Friday, November 24th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake in shares of Sun Life Financial by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,338 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 38 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Sun Life Financial by 4.3% in the 2nd quarter. Stifel Financial Corp now owns 6,060 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 249 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Sun Life Financial by 8.4% in the 2nd quarter. Gotham Asset Management LLC now owns 8,820 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 683 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Sun Life Financial by 1.4% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,300 shares of the financial services provider’s stock valued at $3,098,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Sun Life Financial by 11.1% in the 2nd quarter. Voya Investment Management LLC now owns 15,009 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 1,501 shares during the last quarter. Institutional investors own 41.00% of the company’s stock.

Shares of Sun Life Financial (NYSE SLF) opened at $41.01 on Tuesday. The firm has a market capitalization of $24,882.97, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. Sun Life Financial has a twelve month low of $32.22 and a twelve month high of $44.50. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.21.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (NYSE:SLF)

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