Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Burney Co.

Burney Co. trimmed its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 33.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,802 shares of the financial services provider’s stock after selling 47,679 shares during the quarter. Burney Co.’s holdings in Sun Life Financial were worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. purchased a new stake in shares of Sun Life Financial during the second quarter worth approximately $25,000. Money Concepts Capital Corp acquired a new position in Sun Life Financial in the 4th quarter valued at $26,000. Spire Wealth Management acquired a new stake in shares of Sun Life Financial in the 1st quarter worth $27,000. IFP Advisors Inc lifted its stake in shares of Sun Life Financial by 166.9% in the 2nd quarter. IFP Advisors Inc now owns 678 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 424 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Sun Life Financial in the first quarter valued at about $31,000. 44.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SLF. StockNews.com initiated coverage on shares of Sun Life Financial in a report on Thursday, October 5th. They set a “hold” rating for the company. Credit Suisse Group reduced their price target on Sun Life Financial from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 10th.

Sun Life Financial Trading Up 4.7 %

Shares of SLF opened at $50.07 on Wednesday. The firm’s 50-day moving average is $48.14 and its two-hundred day moving average is $49.39. Sun Life Financial Inc. has a twelve month low of $43.53 and a twelve month high of $53.21. The firm has a market capitalization of $29.25 billion, a P/E ratio of 12.12, a PEG ratio of 1.30 and a beta of 1.01.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.