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Principale » Sun Life Financial Inc. (NYSE:SLF) Shorts Down -16.28% - Currently Trading Down

Sun Life Financial Inc. (NYSE:SLF) Shorts Down -16.28% - Currently Trading Down

23 Octobre 2017

(NYSE:SLF) (TSE:SLF) by 27.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued. Its stake stood at $1,418,000 an increase of 11.8% as of the end of the quarter. Accern also gave media headlines about the financial services provider an impact score of 46.4286760915176 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. The total value of its holdings increased 79.6%. Advisory Services Network LLC now owns 5,338 shares of the financial services provider's stock valued at $191,000 after purchasing an additional 38 shares during the period.

Bank Of Montreal /can/ augmented its position by buying 12,021 shares an increase of 61.3% in the quarter. Morgan Stanley lifted their price target on shares of Sun Life Financial from $52.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 5th.

Traders are feeling more bullish on shares of the company recently as evidenced by the change in short interest. Creative Planning claims 10,874 shares worth $433,000. Pennsylvania Trust Co owns 7,000 shares worth $279,000. Janney Montgomery Scott LLC now owns 6,126 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 450 shares during the period.

A few notable investment firms have updated their holdings. If you are viewing this article on another domain, it was copied illegally and reposted in violation of US and worldwide trademark & copyright laws.

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Letko Brosseau & Associates Inc increased Sun Life Finl Inc (SLF) stake by 0.3% reported in 2017Q2 SEC filing.

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A number of research analysts have recently weighed in on SLF shares. The rating was upgraded by Argus Research on Wednesday, December 23 to "Buy". Argus reissued a "buy" rating and issued a $37.00 price target on shares of Sun Life Financial in a research note on Friday, September 30th. Finally, Bank of America Corporation raised shares of Sun Life Financial from an "underperform" rating to a "hold" rating in a report on Monday, July 10th. Zacks Investment Research cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, September 14th. Ten investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Sun Life Financial presently has an average rating of "Buy" and an average target price of $45.25.

Shares of Sun Life Financial Inc.

Shares of Sun Life Financial (NYSE:SLF) traded down 0.73% during mid-day trading on Thursday, hitting $39.62. About 261,923 shares traded. Sun Life Financial Inc. has a 1-year low of $25.31 and a 1-year high of $39.87.

Shares of the company are trading at $39.62 marginally over $39.27, the 50 day moving average and which is a tad above the 200 day moving average of $36.70.

The company now has a P/E ratio of 11.46 and the market cap of the company is 24.31B.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Wednesday, August 9th. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $7.36 billion. The business's quarterly revenue was down 14.8% compared to the same quarter previous year. During the same quarter previous year, the firm earned $0.90 earnings per share. As of the last earnings report the EPS was $3.46 and is projected to be $3.28 for the current year with 613,694,000 shares now outstanding. Sun Life Financial Inc. declared a dividend for shareholders paid on Friday the 29th of September 2017. Stockholders of record on Wednesday, November 30th will be given a $0.3134 dividend. This dividend represents a yield of $3.51 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday, August 28th. Sun Life Financial's payout ratio is now 44.48%. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada. The stock of Sun Life Financial Inc (NYSE:SLF) has "Outperform" rating given on Thursday, August 6 by Credit Suisse. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients.