Sun Life Financial Inc. (SLF) Shares Sold by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co cut its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,496 shares of the financial services provider’s stock after selling 899 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Sun Life Financial were worth $1,268,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Sun Life Financial by 5.6% in the first quarter. Russell Investments Group Ltd. now owns 1,093,436 shares of the financial services provider’s stock valued at $39,813,000 after buying an additional 57,981 shares during the period. Nationwide Fund Advisors increased its stake in shares of Sun Life Financial by 45.3% in the first quarter. Nationwide Fund Advisors now owns 31,755 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 9,900 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Sun Life Financial during the first quarter valued at about $877,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Sun Life Financial during the first quarter valued at about $221,905,000. Finally, Capstone Asset Management Co. increased its stake in shares of Sun Life Financial by 5.1% in the first quarter. Capstone Asset Management Co. now owns 75,259 shares of the financial services provider’s stock valued at $2,751,000 after buying an additional 3,680 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

Sun Life Financial Inc. (NYSE:SLF) opened at 38.19 on Thursday. The stock’s 50 day moving average is $36.80 and its 200 day moving average is $36.17. The company has a market capitalization of $23.44 billion, a PE ratio of 11.89 and a beta of 0.88. Sun Life Financial Inc. has a one year low of $30.38 and a one year high of $40.57.

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Several equities research analysts recently issued reports on the stock. Bank of America Corporation upgraded shares of Sun Life Financial from an “underperform” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, April 25th. Credit Suisse Group downgraded shares of Sun Life Financial from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sun Life Financial currently has an average rating of “Hold” and a consensus price target of $45.17.

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.

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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