Triasima Portfolio Management inc. Has $2.84 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

Triasima Portfolio Management inc. increased its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,900 shares of the financial services provider’s stock after buying an additional 250 shares during the period. Triasima Portfolio Management inc.’s holdings in Sun Life Financial were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in shares of Sun Life Financial by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after buying an additional 200 shares in the last quarter. Five Oceans Advisors raised its position in shares of Sun Life Financial by 8.1% in the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock valued at $230,000 after buying an additional 292 shares in the last quarter. State Street Corp raised its position in shares of Sun Life Financial by 0.8% in the third quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock valued at $2,291,000 after buying an additional 330 shares in the last quarter. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after buying an additional 361 shares in the last quarter. Finally, Burney Co. raised its position in shares of Sun Life Financial by 0.6% in the fourth quarter. Burney Co. now owns 87,150 shares of the financial services provider’s stock valued at $5,171,000 after buying an additional 508 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLF has been the subject of several research analyst reports. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. Two 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sun Life Financial Stock Performance

NYSE SLF opened at $58.78 on Friday. The firm’s fifty day moving average price is $59.27 and its two-hundred day moving average price is $56.79. The stock has a market cap of $36.92 billion, a PE ratio of 13.09, a PEG ratio of 1.57 and a beta of 1.03. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85.

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.