Cibc Asset Management Inc Lowers stake in Sun Life Financial Inc (SLF)

Sun Life Financial Inc (SLF) : Cibc Asset Management Inc reduced its stake in Sun Life Financial Inc by 10.77% during the most recent quarter end. The investment management company now holds a total of 10,240,239 shares of Sun Life Financial Inc which is valued at $335,367,827 after selling 1,235,881 shares in Sun Life Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Sun Life Financial Inc makes up approximately 2.46% of Cibc Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added SLF to its portfolio by purchasing 9,059 company shares during the most recent quarter which is valued at $296,682. Sun Life Financial Inc makes up approx 0.03% of Quantbot Technologies Lp’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in SLF by selling 10,805 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 508,847 shares of SLF which is valued at $16,664,739. Sun Life Financial Inc makes up approx 0.21% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Americafirst Capital Management added SLF to its portfolio by purchasing 3,346 company shares during the most recent quarter which is valued at $110,920. Sun Life Financial Inc makes up approx 0.08% of Americafirst Capital Management’s portfolio. Cribstone Capital Management added SLF to its portfolio by purchasing 4,471 company shares during the most recent quarter which is valued at $148,214. Sun Life Financial Inc makes up approx 0.09% of Cribstone Capital Management’s portfolio.

Sun Life Financial Inc opened for trading at $32.48 and hit $32.5299 on the upside on Monday, eventually ending the session at $32.42, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 3,88,211 shares. Company has a market cap of $19,863 M.

On the company’s financial health, Sun Life Financial Inc reported $0.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.90. The company had revenue of $8782.00 million for the quarter, compared to analysts expectations of $5223.57 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Sun Life Financial Inc. (Sun Life Financial) is a financial services organization which provides a range of protection and wealth products and services to individuals and corporate customers. The Company operates in five segments: Sun Life Financial Canada (SLF Canada) Sun Life Financial United States (SLF U.S.) MFS Investment Management (MFS) Sun Life Financial Asia (SLF Asia) and Corporate. The Company distributes its products through a variety of distribution channels including direct sales agents managing general agents independent general agents financial intermediaries broker-dealers banks pension and benefits consultants and other third-party marketing organizations. The Company operates in Canada the United States the United Kingdom Ireland Hong Kong the Philippines Japan Indonesia India China Australia Singapore Vietnam Malaysia and Bermuda.

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