Kraematon Investment Advisors Inc. Has $2.84 Million Position in Sun Life Financial Inc. $SLF

Kraematon Investment Advisors Inc. cut its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,777 shares of the financial services provider’s stock after selling 317 shares during the quarter. Sun Life Financial makes up approximately 2.7% of Kraematon Investment Advisors Inc.’s holdings, making the stock its 9th largest holding. Kraematon Investment Advisors Inc.’s holdings in Sun Life Financial were worth $2,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLF. Investment Management Corp VA ADV lifted its holdings in Sun Life Financial by 164.5% in the 1st quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock worth $35,000 after buying an additional 385 shares during the period. Hexagon Capital Partners LLC lifted its stake in Sun Life Financial by 53.2% in the first quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 231 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Sun Life Financial in the first quarter valued at $55,000. Clean Yield Group increased its position in Sun Life Financial by 36.8% during the 2nd quarter. Clean Yield Group now owns 925 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 249 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Sun Life Financial by 295.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 834 shares in the last quarter. Institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. National Bank Financial lowered shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Scotiabank raised Sun Life Financial to a “hold” rating in a research report on Thursday, July 31st. Barclays lowered Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Sun Life Financial in a research report on Saturday, September 27th. Finally, Argus upgraded Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Sun Life Financial Trading Up 0.3%

Sun Life Financial stock opened at $60.30 on Friday. Sun Life Financial Inc. has a 12 month low of $52.44 and a 12 month high of $66.81. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. The business’s fifty day simple moving average is $59.18 and its two-hundred day simple moving average is $60.45.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.34 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. On average, equities research analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Company 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.