1832 Asset Management LP has recently announced that it has increased stake in Sun Life Financial Inc. (NYSE:SLF) by 15.02%. After grabbing 20.36 million shares, the institutional investor is now in possession of 2.66 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.47% having worth around $864.09 million. Moreover, The Vanguard Group, Inc. increased its share by 0.35 million to have a control over 13.99 million shares. And RBC Dominion Securities, Inc. raised its holdings to 3.14 million shares by acquiring 11.6 million shares or 1.98% of the stake.
Sun Life Financial Inc. (SLF) concluded trading on 11/23/22 at a closing price of $46.37, with 0.47 million shares of worth about $21.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.90% during that period and on Wednesday the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 586.00M shares, out of which, 585.72M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the SLF stock and their offered price forecasts bring an average price target of $48.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $54.62 and could fall to a lowest price of $41.88. The stock’s current price level is 10.45% above of average price target set by the analysts, while a rise to estimated low would result in loss of -10.72% for the stock. However, touching the estimated high of $54.62 would mean a gain of 15.1% for the stock.
Vanguard Total International Stoc, RBC Canadian Dividend Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Sun Life Financial Inc. Vanguard Total International Stoc is currently holding 7.82 million shares of worth totaling $331.77 million. The company recently came buying 5919.0 shares which brought its stake up to 1.33% of the company’s outstanding shares. Government Pension Fund – Global, after selling 5.21 million shares, have now control over 0.89% of the stake in the company. It holds -2.66 million shares of worth $221.11 million.
Sun Life Financial Inc. (NYSE: SLF) started trading at $45.97, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 46.49, or with a gain of 0.45%. Stock saw a price change of 0.54% in past 5 days and over the past one month there was a price change of 10.83%. Year-to-date (YTD), SLF shares are showing a performance of -16.74% which decreased to -15.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.96 but also hit the highest price of $58.49 during that period. The average intraday trading volume for Sun Life Financial Inc. shares is 831.88K. The stock is currently trading 4.42% above its 20-day simple moving average (SMA20), while that difference is up 9.12% for SMA50 and it goes to -2.80% lower than SMA200.
1832 Asset Management LP acquired 20.36 million shares of Sun Life Financial Inc. having value of about $864.09 million. Data submitted at the U.S SEC by 1832 Asset Management LP revealed that the firm now holds 2.66 million shares in the company valued at close to $123281415.02, or have control over 15.02% stake in the company. Sun Life Financial Inc. (NYSE: SLF) currently have 586.00M outstanding shares and institutions hold larger chunk of about 54.40% of that. Holding of mutual funds in the company is about 17.33% while other institutional holders and individual stake holders have control over 31.82% and — of the stake respectively.
The stock has a current market capitalization of $27.35B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 11.36, while it has posted earnings per share of $4.08 in the same period. Its PEG reads 2.14 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SLF, volatility over the week remained 1.58% while standing at 1.96% over the month.
Analysts are in expectations that Sun Life Financial Inc. (SLF) stock would likely to be making an EPS of $1.08 in the current quarter, while forecast for next quarter EPS is $1.09 and it is $4.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.04 which is $1.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 63.40% while it is estimated to increase by 3.56% in next year. EPS is likely to shrink at an annualized rate of 5.30% for next 5-years, compared to annual growth of 10.70% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Sun Life Financial Inc. (SLF)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 14 Wall Street analysts, 6 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Stock get an Outperform rating from RBC Capital Mkts on May 07, 2020.