Cardinal Capital Management buys $44,983,587 stake in Sun Life Financial Inc (SLF)

Sun Life Financial Inc (SLF) : Cardinal Capital Management scooped up 140,986 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 Oct 5, 2016. The investment management firm now holds a total of 1,367,698 shares of Sun Life Financial Inc which is valued at $44,983,587.Sun Life Financial Inc makes up approximately 5.10% of Cardinal Capital Management’s portfolio.

Sun Life Financial Inc opened for trading at $32.3 and hit $32.59 on the upside on Tuesday, eventually ending the session at $32.38, with a gain of 0.19% or 0.06 points. The heightened volatility saw the trading volume jump to 3,78,216 shares. Company has a market cap of $19,843 M.

On the company’s financial health, Sun Life Financial Inc reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.92.Analysts expectations of $ 7412.07.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Sun Life Financial Inc. Sun Life Financial Inc was Initiated by BofA/Merrill to “Underperform” on Aug 24, 2016.

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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