1,460 Shares in Sun Life Financial Inc. $SLF Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,460 shares of the financial services provider’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV increased its stake in Sun Life Financial by 164.5% in the first quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 385 shares in the last quarter. Hexagon Capital Partners LLC increased 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 valued at $38,000 after purchasing an additional 231 shares in the last quarter. Clean Yield Group increased its stake in Sun Life Financial by 36.8% in the second 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 in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Sun Life Financial in the first quarter valued at $55,000. Finally, Farther Finance Advisors LLC increased its stake in Sun Life Financial by 295.7% in the second quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 834 shares in the last quarter. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Stock Up 1.2%

SLF opened at $61.59 on Friday. The stock has a market cap of $37.85 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.64 and a beta of 0.90. Sun Life Financial Inc. has a twelve month low of $52.44 and a twelve month high of $66.81. The company’s 50-day moving average price is $59.18 and its two-hundred day moving average price is $60.57.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.29. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.34 billion. Sun Life Financial had a net margin of 7.59% and a return on equity of 17.21%. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, sell-side analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SLF has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sun Life Financial in a research note on Wednesday. National Bank Financial downgraded shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Evercore ISI reissued an “outperform” rating on shares of Sun Life Financial in a research report on Thursday. Argus raised shares of Sun Life Financial to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, TD Securities raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

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.