Sun Life Financial (NYSE:SLF) Raised to Buy at StockNews.com

Sun Life Financial (NYSE:SLF) (TSE:SLF) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Sun Life Financial Stock Performance

Shares of NYSE:SLF traded up $0.29 during midday trading on Monday, hitting $58.87. 470,707 shares of the stock were exchanged, compared to its average volume of 489,150. The business’s 50-day moving average price is $59.80 and its 200 day moving average price is $56.38. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The stock has a market capitalization of $33.79 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.58 and a beta of 1.03.

Hedge Funds Weigh In On Sun Life Financial

A number of hedge funds have recently made changes to their positions in the stock. Bleakley Financial Group LLC acquired a new stake in Sun Life Financial during the 4th quarter valued at approximately $526,000. Long Run Wealth Advisors LLC acquired a new stake in shares of Sun Life Financial during the fourth quarter worth $326,000. Princeton Global Asset Management LLC acquired a new stake in shares of Sun Life Financial during the fourth quarter worth $99,000. Five Oceans Advisors raised its stake in Sun Life Financial by 8.1% during the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock worth $230,000 after buying an additional 292 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Sun Life Financial in the fourth quarter valued at $202,000. 52.26% of the stock is currently owned by institutional investors.

About Sun Life Financial

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.