Gold Silver Reports (GSR) – Cambridge Investment Research Advisors Inc.’s holdings in Sun Life Financial were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp raised its position in Sun Life Financial by 274.3% during the fourth quarter. Mackenzie Financial Corp now owns 7,695,829 shares of the financial services provider’s stock valued at $317,530,000 after purchasing an additional 5,639,723 shares during the period.
The Manufacturers Life Insurance Company raised its position in Sun Life Financial by 25.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,395,665 shares of the financial services provider’s stock valued at $222,625,000 after purchasing an additional 1,106,844 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Sun Life Financial by 19.8% during the fourth quarter.
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,660,200 shares of the financial services provider’s stock valued at $189,891,000 after purchasing an additional 604,900 shares during the period. Legal & General Group Plc raised its position in Sun Life Financial by 1.3% during the third quarter.
Legal & General Group Plc now owns 2,816,811 shares of the financial services provider’s stock valued at $111,918,000 after purchasing an additional 36,541 shares during the period. Finally, Scotia Capital Inc. raised its position in Sun Life Financial by 3.4% during the fourth quarter. Scotia Capital Inc. now owns 2,103,855 shares of the financial services provider’s stock valued at $86,815,000 after purchasing an additional 69,440 shares during the period. Institutional investors and hedge funds own 41.62% of the company’s stock.
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A number of brokerages have issued reports on SLF. Zacks Investment Research upgraded Sun Life Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, January 10th. Scotiabank upgraded Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Wednesday, January 31st.
BMO Capital Markets upgraded Sun Life Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. ValuEngine downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley reduced their price target on Sun Life Financial from $57.00 to $56.00 and set an “equal weight” rating on the stock in a report on Thursday, April 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Sun Life Financial presently has a consensus rating of “Buy” and a consensus target price of $53.17.
