Lingohr Partner Asset Management Gmbh adds Sun Life Financial Inc (SLF) to its portfolio

Sun Life Financial Inc (SLF) : Lingohr Partner Asset Management Gmbh added new position in Sun Life Financial Inc during the most recent quarter end. The investment management firm now holds 56,200 shares of Sun Life Financial Inc which is valued at $1,863,030 , the company said in a statement filed on Jul 21, 2016 with the SEC.Sun Life Financial Inc makes up approximately 1.79% of Lingohr Partner Asset Management Gmbh’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in SLF by selling 314,200 shares or 97.88% in the most recent quarter. The Hedge Fund company now holds 6,800 shares of SLF which is valued at $225,420. Hexavest added SLF to its portfolio by purchasing 410,625 company shares during the most recent quarter which is valued at $13,562,944. Sun Life Financial Inc makes up approx 0.20% of Hexavest’s portfolio.Firstmerit Bank N A Trustee boosted its stake in SLF in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 8,095 shares of Sun Life Financial Inc which is valued at $261,549. Sun Life Financial Inc makes up approx 0.02% of Firstmerit Bank N A Trustee’s portfolio.

Sun Life Financial Inc opened for trading at $32.79 and hit $32.95 on the upside on Thursday, eventually ending the session at $32.87, with a gain of 0.21% or 0.07 points. The heightened volatility saw the trading volume jump to 1,80,285 shares. Company has a market cap of $20,138 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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