Long Run Wealth Advisors LLC Invests $326,000 in Sun Life Financial Inc. (NYSE:SLF)

Long Run Wealth Advisors LLC acquired a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,486 shares of the financial services provider’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLF. The Manufacturers Life Insurance Company raised its stake in 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 worth $537,288,000 after purchasing an additional 654,404 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 worth $164,876,000 after purchasing an additional 34,072 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Sun Life Financial in the third quarter valued at approximately $878,000. FMR LLC boosted its stake in shares of Sun Life Financial by 5.2% in the third quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after buying an additional 257,178 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sun Life Financial by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,580,531 shares of the financial services provider’s stock worth $91,778,000 after buying an additional 79,155 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

SLF has been the subject of a number of recent analyst reports. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy”.

Sun Life Financial Trading Up 0.4 %

SLF opened at $57.98 on Thursday. The company’s 50 day moving average is $59.37 and its 200-day moving average is $56.77. The company has a market cap of $36.42 billion, a P/E ratio of 12.91, a PEG ratio of 1.57 and a beta of 1.03. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

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.