Grantham Mayo Van Otterloo buys $99.4 Million stake in Sun Life Financial Inc (SLF)

Sun Life Financial Inc (SLF) : Grantham Mayo Van Otterloo scooped up 3,300 additional shares in Sun Life Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,959,200 shares of Sun Life Financial Inc which is valued at $99.4 Million.Sun Life Financial Inc makes up approximately 0.38% of Grantham Mayo Van Otterloo’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in SLF by selling 119 shares or 12.75% in the most recent quarter. The Hedge Fund company now holds 814 shares of SLF which is valued at $27,342.1832 Asset Management reduced its stake in SLF by selling 506,706 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 8,409,360 shares of SLF which is valued at $282.5 Million. Sun Life Financial Inc makes up approx 1.12% of 1832 Asset Management’s portfolio.Korea Investment Corp boosted its stake in SLF in the latest quarter, The investment management firm added 157,300 additional shares and now holds a total of 368,200 shares of Sun Life Financial Inc which is valued at $12.4 Million. Sun Life Financial Inc makes up approx 0.09% of Korea Investment Corp’s portfolio.Great West Life Assurance Co Can reduced its stake in SLF by selling 384,346 shares or 6.42% in the most recent quarter. The Hedge Fund company now holds 5,601,429 shares of SLF which is valued at $191 Million. Sun Life Financial Inc makes up approx 0.68% of Great West Life Assurance Co Can’s portfolio. Quantbot Technologies Lp sold out all of its stake in SLF during the most recent quarter. The investment firm sold 7,596 shares of SLF which is valued $259,024.

Sun Life Financial Inc opened for trading at $34.74 and hit $35.28 on the upside on Wednesday, eventually ending the session at $35.12, with a gain of 1.50% or 0.52 points. The heightened volatility saw the trading volume jump to 4,08,451 shares. Company has a market cap of $21,517 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.

Many Wall Street Analysts have commented on Sun Life Financial Inc. Barclays Resumed Sun Life Financial Inc on Mar 7, 2016 to “Overweight”, Price Target of the shares are set at $44.

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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