Fiera Capital Corp Decreases Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Fiera Capital Corp decreased its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 814,772 shares of the financial services provider’s stock after selling 21,380 shares during the period. Fiera Capital Corp owned about 0.14% of Sun Life Financial worth $48,326,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock valued at $537,288,000 after purchasing an additional 654,404 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Sun Life Financial by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after buying an additional 34,072 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Sun Life Financial in the 3rd quarter worth approximately $878,000. FMR LLC grew its position in shares of Sun Life Financial by 5.2% in the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock worth $301,047,000 after acquiring an additional 257,178 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sun Life Financial by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,580,531 shares of the financial services provider’s stock valued at $91,778,000 after acquiring an additional 79,155 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Sun Life Financial Price Performance

Shares of NYSE:SLF opened at $59.28 on Thursday. The stock’s 50 day moving average price is $59.11 and its 200 day moving average price is $57.08. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.61 and a beta of 1.03. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. On average, sell-side analysts expect that Sun Life Financial Inc. will post 4.76 EPS 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.